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Property profile & analytics
OFF-MARKET
Estimated value
$3,160,000
Drive through restaurants
1070 Main St Walnut Cove, NC 27052
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3719245
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,852 SF
Lot
1.47 ac (64,033 SF)
Zoning code
NB-2
APN
696314445760
UPID
US53-3719245
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
$3.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.16M
Owner & transaction history
Walnut Cove Shopping Center INC · 5 yrs held
Walnut Cove Shopping Center INC
since 2020
Last sale
$3.2M
1 recorded transaction
Zoning & alternative use
NB-2 · Walnut Cove, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Business District is generally located on the major thoroughfare in town and provides space for offices, services and retail goods.
Zone name
Neighborhood Business District
General category
COMMERCIAL
Zone area
162.22 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
Method
Estimation
Statistic approach
$3,175,000
ML approach
$3,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±10% · vs last sale $3.15M (Dec 30 2020)
Last sale anchor
$3.15M
Dec 30 2020
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
$1,108 / 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
$4,432
Tax year 2024
Assessed value
$399,300
Assessed 2024
Previous assessed
$399,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$160,100
Assessed improvement
$239,200
Land market value
$160,100
Improvement market value
$239,200
Total market value
$399,300
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
2,852 SF
Lot
1.47 ac (64,033 SF)
Zoning code
NB-2
APN
696314445760
UPID
US53-3719245
Jurisdiction
STOKES
Zoning & alternative use
NB-2 · Walnut Cove, NCZoning NB-2 · permitted uses
NB-2 · 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 generally located on the major thoroughfare in town and provides space for offices, services and retail goods.
Zone name
Neighborhood Business District
General category
COMMERCIAL
Zone area
162.22 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.47 ac
Current owner
From public records · entity-resolved
Walnut Cove Shopping Center INC
Entity
Free & Clear · 5 yrs held
Mailing address
6700 TOWER CIR STE #1000, FRANKLIN, TN 37067-1490
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
$80,000
Walnut Cove Shopping Center INC
Joseph Oliver Hicks
Quit Claim Deed
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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