135 Main St High Point, NC 27260-5205
Entity Owned
1-yr Hold
Free & Clear
Estimated value (blended)
$5.51M
Range $4.96M – $6.06M (±10%)
Implied cap rate
6.80%
In-place · NOI ÷ last sale
Property ID
US53-0922618
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1983
Construction
FRAME
Total area
181,395 SF
Lot
1.51 ac (65,776 SF)
Zoning code
CB
APN
171406
UPID
US53-0922618
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hotel & Motel
-
Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.29M
CAP Approach
CAP
$5.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.51M
Owner & transaction history
since 2025
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
CB · High Point, NC
Zoning description
The CB district is established and intended to encourage the urban form and architectural character found in the traditional downtown area as well as promote redevelopment that will make the downtown area, a more diverse…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.51M
Value range
$4.96M – $6.06M
±10% around blend
Estimated value / SF
$30 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$4.96M
blend $5.51M
$6.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
181,395 SF
Lot area
1.51 ac
Year built
1983
Stories
3
APN
171406
Assessed value
$5,223,300
Annual tax
$70,410
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.73M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.21M
@ 6.5% CAP return
$5.73M
@ 7% CAP return
$5.32M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.51M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 20 sales
$115
-74%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $30/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
6.80%
Implied, in-place cap rate for this hotels
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.80%
9.0%
NOI (est.)
$354k *
Last sale · May 2025
$5.05M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.20M
Move the market yield to see immediate price impact.
Value / SF
$29
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.30%6.80%7.30%
$318k
$5.05M
$4.68M
$4.36M
$354k
$5.61M
$5.20M
$4.84M
$389k
$6.17M
$5.72M
$5.33M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$70,410
Tax year 2023
Assessed value
$5,223,300
Assessed 2023
Previous assessed
$5,223,300
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$2,171,900
Assessed improvement
$3,051,400
Land market value
$2,171,900
Improvement market value
$3,051,400
Total market value
$5,223,300
Applied tax rate
25.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
HOT WATER
Cooling
AC.PACKAGE
Stories
3
Units
249
Rooms
31
Bathrooms
249
Total area
181,395 SF
Lot
1.51 ac (65,776 SF)
Zoning code
CB
APN
171406
UPID
US53-0922618
Jurisdiction
GUILFORD
Zoning & alternative use
CB · High Point, NCZoning CB · permitted uses
CB · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The CB district is established and intended to encourage the urban form and architectural character found in the traditional downtown area as well as promote redevelopment that will make the downtown area, a more diverse…
General category
MIXED_USE
Building & site characteristics
From public records
Year built
1983
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
249
Rooms
31
Bathrooms
249
Lot
1.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CB
MIXED_USE
Jurisdiction
High Point, NC
Recorded code
CB
Official district
CB
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CB in High Point, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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