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Property profile & analytics
OFF-MARKET
Office Spaces
712 Main St Walnut Cove, NC 27052-9346
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3641490
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,102 SF
Lot
0.46 ac (20,038 SF)
Zoning code
NB-1
APN
696318307654
UPID
US53-3641490
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Edward Jones - Financial Advisor: Ann O Jones Financial Advisor
-
Edward Jones - Financial Advisor: Sandra Schmidt Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lawrence Wayne Mitchell · 3 yrs held
Lawrence Wayne Mitchell
since 2023
2 recorded transactions
Zoning & alternative use
NB-1 · Walnut Cove, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Business District is established as a mixed use district in which the principal use of land is in combination of commercial, office and residential uses which are properly located in vicinity of a primary thoroughfare which cater to everyday needs of the immediate surrounding residential neighborhoods.
Zone name
Neighborhood Business District
General category
MIXED_USE
Zone area
71.83 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Walnut Cove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnut Cove submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,362
Tax year 2024
Assessed value
$122,700
Assessed 2024
Previous assessed
$122,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$50,000
Assessed improvement
$72,700
Land market value
$50,000
Improvement market value
$72,700
Total market value
$122,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
1,102 SF
Lot
0.46 ac (20,038 SF)
Zoning code
NB-1
APN
696318307654
UPID
US53-3641490
Jurisdiction
STOKES
Zoning & alternative use
NB-1 · Walnut Cove, NCZoning NB-1 · permitted uses
NB-1 · Walnut Cove, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Neighborhood Business District is established as a mixed use district in which the principal use of land is in combination of commercial, office and residential uses which are properly located in vicinity of a primary thoroughfare which cater to everyday needs of the immediate surrounding residential neighborhoods.
Zone name
Neighborhood Business District
General category
MIXED_USE
Zone area
71.83 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
Lawrence Wayne Mitchell
Individual
Free & Clear · 3 yrs held
Mailing address
1319 GREENFIELD RD, WALNUT COVE, NC 27052-7254
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
$62,500
Lawrence Wayne Mitchell
Virgil Mickey Mitchell
Warranty Deed
related
—
Mar 16, 2018
—
Virgil M Mitchell
Evelyn S Mitchell
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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