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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Grocery and convenience stores
126 Main St, Holly Springs, NC 27540-9191
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-5483842
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1965
Construction
CONCRETE BLOCKS
Total area
2,628 SF
Lot
0.3 ac (13,068 SF)
Zoning code
TV
APN
0649.20-92-5311 0016217
UPID
US53-5483842
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
-
Main St Mini Mart Grocery & Convenience Store
-
Mini Mart Smoke Shop, Gas Station Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$685k
Owner & transaction history
7pp LLC · 1 yrs held
7pp LLC
since 2025
6 recorded transactions
Zoning & alternative use
TV · Holly Springs, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$910,000
+9.2%
Commercial (general)
$875,000
+5.1%
Medical building
$855,000
+2.7%
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 Holly Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holly Springs 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
$640,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
RETAIL STORES
$830,000
Current use
AUTO REPAIR, GARAGE
$910,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$875,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$855,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10%
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
$261 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,029
Tax year 2023
Assessed value
$466,225
Assessed 2023
Previous assessed
$466,225
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$130,680
Assessed improvement
$335,545
Land market value
$130,680
Improvement market value
$335,545
Total market value
$466,225
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1965
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,628 SF
Lot
0.3 ac (13,068 SF)
Zoning code
TV
APN
0649.20-92-5311 0016217
UPID
US53-5483842
Jurisdiction
WAKE
Zoning & alternative use
TV · Holly Springs, NC
Zoning TV · permitted uses
TV · Holly Springs, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holly Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$875,000
MEDICAL BUILDING
Est. value
$855,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1965
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
7pp LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7405 HOLLY SPGS RD, RALEIGH, NC 27606-4334
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2025
—
7pp LLC
Chandrasekhar Reddy Pappuri
Warranty Deed
—
Feb 21, 2025
$555,000
Chandrasekhar Reddy Pappuri
Pr Enterprises 1 INC
Warranty Deed
$263,000 · Townebank
Jun 30, 2022
$550,000
Pr Enterprises 1 INC
Faud Shaikh Issa
Special Warranty Deed
$357,500 · Townebank
Apr 9, 2019
—
Issa F Shaikh
—
Deed
related
$100,000 · Miscellaneous Govt Agcy
Apr 25, 2008
$40,000
Issa F Shaikh
Park,edward C JR
Grant Deed
—
—
—
Issa F Shaikh
—
Deed Of Trust
related
$100,000 · Miscellaneous Govt Agcy
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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