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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1611 Prospect St High Point, NC 27260-8461
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-4913761
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1980
Total area
2,760 SF
Lot
1.01 ac (43,996 SF)
Zoning code
HI
APN
6799504307
UPID
US53-4913761
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
-
Citgo Gas Station
-
Bizzy Bee Grocery (Deli & Gas) Grocery & Convenience Store
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
Athar S Khan · 2 yrs held
Athar S Khan
since 2023
3 recorded transactions
Zoning & alternative use
HI · High Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HI district is established to accommodate heavy manufacturing, assembly, fabrication, processing, distribution, storage, research and development, and other industrial uses that may be large scale
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,164.46 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 High Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs High Point 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,446
Tax year 2023
Assessed value
$290,110
Assessed 2023
Previous assessed
$240,670
+20.5% YoY
Effective rate
1.19%
On assessed value
Assessed land
$75,530
Assessed improvement
$214,580
Land market value
$75,530
Improvement market value
$214,580
Total market value
$290,110
Applied tax rate
2.0000
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
CONVENIENCE STORE
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,760 SF
Lot
1.01 ac (43,996 SF)
Zoning code
HI
APN
6799504307
UPID
US53-4913761
Jurisdiction
RANDOLPH
Zoning & alternative use
HI · High Point, NCZoning HI · permitted uses
HI · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HI district is established to accommodate heavy manufacturing, assembly, fabrication, processing, distribution, storage, research and development, and other industrial uses that may be large scale
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
2,164.46 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Athar S Khan
Individual
Free & Clear · 2 yrs held
Mailing address
7153 STRAWBERRY RD, SUMMERFIELD, NC 27358-7204
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
—
Athar S Khan
Khan A Khan
Intrafamily Transfer
related
—
May 24, 2017
—
Asif Gulreaz Khan Khan
—
Deed
related
$150,000 · Blue Ridge Bank
Aug 3, 2015
$150,000
Khan A Khan
Kennedy Oil Co INC
Grant Deed
related
$100,000 · Kennedy Oil Co
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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