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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Warehouses
932 Meadowbrook Dr King, NC 27021-8249
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-3498123
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
6,000 SF
Lot
2.25 ac (98,010 SF)
Zoning code
L-I
APN
599105094886
UPID
US53-3498123
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
-
Daymark Recovery Services - Stokes Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$675k
Owner & transaction history
Bray Properties LLC · 2 yrs held
Bray Properties LLC
since 2023
Last sale
$640,000
3 recorded transactions
Zoning & alternative use
L-I · King, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$860,000
+109.1%
Auto repair, garage
$610,000
+48.3%
Medical building
$520,000
+26.0%
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 King submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs King 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
Method
Estimation
Statistic approach
$725,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$410,000
Current use
COMMERCIAL (GENERAL)
$860,000
Change: +109% · Conversion: Difficult
AUTO REPAIR, GARAGE
$610,000
Change: +48% · Conversion: Easy
MEDICAL BUILDING
$520,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$510,000
Change: +24% · Conversion: Difficult
RESTAURANT
$480,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $640k (Apr 1 2021)
Last sale anchor
$640k
Apr 1 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
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
$2,526
Tax year 2024
Assessed value
$311,900
Assessed 2024
Previous assessed
$311,900
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$56,900
Assessed improvement
$255,000
Land market value
$56,900
Improvement market value
$255,000
Total market value
$311,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Bathrooms
3
Total area
6,000 SF
Lot
2.25 ac (98,010 SF)
Zoning code
L-I
APN
599105094886
UPID
US53-3498123
Jurisdiction
STOKES
Zoning & alternative use
L-I · King, NC
Zoning L-I · permitted uses
L-I · King, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
King. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$610,000
MEDICAL BUILDING
Est. value
$520,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$510,000
RESTAURANT
Est. value
$480,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Bathrooms
3
Lot
2.25 ac
Current owner
From public records · entity-resolved
Bray Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
116 PO BOX 804TH DR, MOUNT AIRY, NC 27030-0804
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2023
$640,000
Bray Properties LLC
Stockes Commercial Properties LLC
Warranty Deed
—
Apr 1, 2021
$395,000
Stokes Commercial Properties LLC
Butner Commercial Properties LLC
Special Warranty Deed
—
Jun 4, 2014
$295,000
Butner Commercial Properties LLC
Charles E Flanary
Deed
$236,000 · Surrey Bank & Trust
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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