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Property profile & analytics
OFF-MARKET
Commercial land
Oldtown Rd Walnut Cove, NC 27052
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3799765
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
17.58 ac (765,785 SF)
Zoning code
R-20
APN
696319507956
UPID
US53-3799765
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
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
Old Town Road LLC · 4 yrs held
Old Town Road LLC
since 2021
Last sale
$299,000
2 recorded transactions
Zoning & alternative use
R-20 · Walnut Cove, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Low Density Residential District is established as a district in which the principal use of land is for low density residential development. The regulations of this district are intended to discourage any use, which because of its character, would be a nuisance to the neighboring residences and to ensure that residential developments will occur at suffic…
Zone name
Low Density Residential District
General category
RESIDENTIAL
Zone area
723.38 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
$2,811
Tax year 2024
Assessed value
$253,200
Assessed 2024
Previous assessed
$253,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$253,200
Land market value
$253,200
Total market value
$253,200
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
17.58 ac (765,785 SF)
Zoning code
R-20
APN
696319507956
UPID
US53-3799765
Jurisdiction
STOKES
Zoning & alternative use
R-20 · Walnut Cove, NCZoning R-20 · permitted uses
R-20 · Walnut Cove, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Low Density Residential District is established as a district in which the principal use of land is for low density residential development. The regulations of this district are intended to discourage any use, which because of its character, would be a nuisance to the neighboring residences and to ensure that residential developments will occur at sufficiently low densities to assure a healthful environment. The regulations are further intended to discourage any use, which because of its character would substantially interfere with the development of residences in the district, which would be detrimental to the quiet residential nature of the areas included within this district.
Zone name
Low Density Residential District
General category
RESIDENTIAL
Zone area
723.38 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
17.58 ac
Current owner
From public records · entity-resolved
Old Town Road LLC
Entity
Mailing address
1239 S FRIENDSHIP RD, GERMANTON, NC 27019-9111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 21, 2021
$299,000
Old Town Road LLC
Tim Mabe
Warranty Deed
$247,860 · Tim Mabe Etux
Jan 22, 2015
$173,000
Tim Mabe
Raymond C Brown III
Warranty Deed
—
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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