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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Retail space
201 Main St High Point, NC 27260-5009
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0234931
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Construction
FRAME
Total area
6,795 SF
Lot
0.04 ac (1,742 SF)
Zoning code
MX-D
APN
186909
UPID
US53-0234931
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
-
Aidan Gray Home Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$977k
Blend (final)
Blend
$970k
Owner & transaction history
Mark Spicher · 2 yrs held
Mark Spicher
since 2024
Last sale
$970,000
4 recorded transactions
Zoning & alternative use
MX-D · High Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
$970,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,280,000
7%
$1,185,000
Alternative Use
Use
Estimation
RETAIL STORES
$975,000
Current use
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $970k (Jul 18 2024)
Last sale anchor
$970k
Jul 18 2024
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
$143 / 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
$7,006
Tax year 2023
Assessed value
$519,700
Assessed 2023
Previous assessed
$519,700
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$43,600
Assessed improvement
$476,100
Land market value
$43,600
Improvement market value
$476,100
Total market value
$519,700
Applied tax rate
25.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1926
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
19
Bathrooms
3
Total area
6,795 SF
Lot
0.04 ac (1,742 SF)
Zoning code
MX-D
APN
186909
UPID
US53-0234931
Jurisdiction
GUILFORD
Zoning & alternative use
MX-D · High Point, NC
Zoning MX-D · permitted uses
MX-D · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
High Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$975,000
RETAIL STORES Current
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
1926
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
19
Bathrooms
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Mark Spicher
Individual
Mailing address
2050 COUCH DR, MCKINNEY, TX 75069-7313
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
—
Mark Spicher
Nc Gray LLC
Deed
$768,000 · Mid Penn Bank
Jul 18, 2024
$970,000
Mark Spicher
Nc Gray LLC
Special Warranty Deed
—
Jul 13, 2015
$450,000
Nc Gray LLC
Ezine Incorporated
Warranty Deed
$5,000,000 · Jpmorgan Chase Bank NA
—
—
Henry H Shavitz
—
Deed Of Trust
related
$120,000 · Bank Of North Carolina
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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