New search
Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Grocery and convenience stores
1460 Memorial Hwy, Harmony, NC 28634-9323
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-2846741
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,295 SF
Lot
15.74 ac (685,722 SF)
Zoning code
GB,RA
APN
4852-67-4679.000
UPID
US53-2846741
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
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$515k
Owner & transaction history
7-eleven INC · 13 yrs held
7-eleven INC
since 2012
1 recorded transaction
Zoning & alternative use
GB,RA · Harmony, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$730,000
+358.4%
Industrial (general)
$490,000
+209.0%
Restaurant
$480,000
+200.5%
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 Harmony submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harmony 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
by Request
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$730,000
Change: +358% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$490,000
Change: +209% · Conversion: Difficult
RESTAURANT
$480,000
Change: +201% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: +194% · Conversion: Easy
MEDICAL BUILDING
$470,000
Change: +194% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$430,000
Change: +169% · Conversion: Difficult
RETAIL STORES
$405,000
Change: +156% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$97 / 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
$8,463
Tax year 2023
Assessed value
$1,434,440
Assessed 2023
Previous assessed
$1,283,330
+11.8% YoY
Effective rate
0.59%
On assessed value
Assessed land
$508,290
Assessed improvement
$926,150
Land market value
$508,290
Improvement market value
$926,150
Total market value
$1,434,440
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Rooms
1
Total area
5,295 SF
Lot
15.74 ac (685,722 SF)
Zoning code
GB,RA
APN
4852-67-4679.000
UPID
US53-2846741
Jurisdiction
IREDELL
Zoning & alternative use
GB,RA · Harmony, NC
Zoning GB,RA · permitted uses
GB,RA · Harmony, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harmony. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$730,000
INDUSTRIAL (GENERAL)
Est. value
$490,000
RESTAURANT
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$470,000
MEDICAL BUILDING
Est. value
$470,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$430,000
RETAIL STORES
Est. value
$405,000
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
1
Lot
15.74 ac
Current owner
From public records · entity-resolved
7-eleven INC
Entity
Free & Clear · 13 yrs held
Mailing address
1722 ROUTH ST STE #1000, DALLAS, TX 75201-2504
Ownership since
2012
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
Nov 1, 2012
$2,850,000
7-eleven INC
Faw,j C
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1460 Memorial Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
