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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Retail space
201 Rosewood Ctr Dr, Holly Springs, NC 27540-6504
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-4903614
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Construction
BRICK
Total area
5,280 SF
Lot
1.1 ac (47,916 SF)
Zoning code
CB
APN
0740.04-81-6687 0446273
UPID
US53-4903614
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
-
Pirouette Dance Company Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$1.12M
Owner & transaction history
Adelaide Properties LLC · 8 yrs held
Adelaide Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
CB · Holly Springs, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+9.2%
Commercial (general)
$1.8M
+5.1%
Medical building
$1.7M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,560,000
6.5%
$1,440,000
7%
$1,340,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,670,000
Current use
AUTO REPAIR, GARAGE
$1,825,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,755,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$1,715,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±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
$212 / 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
$10,058
Tax year 2023
Assessed value
$1,012,117
Assessed 2023
Previous assessed
$1,012,117
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$169,158
Assessed improvement
$842,959
Land market value
$169,158
Improvement market value
$842,959
Total market value
$1,012,117
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
2019
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,280 SF
Lot
1.1 ac (47,916 SF)
Zoning code
CB
APN
0740.04-81-6687 0446273
UPID
US53-4903614
Jurisdiction
WAKE
Zoning & alternative use
CB · Holly Springs, NC
Zoning CB · permitted uses
CB · 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
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
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
2019
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Adelaide Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
221 COVENANT ROCK LN, HOLLY SPRINGS, NC 27540-7652
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
—
Adelaide Properties LLC
—
Deed
related
$998,000 · The Fidelity Bank
Mar 7, 2018
—
Adelaide Properties LLC
—
Deed
related
$1,118,000 · Fidelity Bk
Feb 12, 2018
—
Adelaide Hospitality LLC
—
Deed
related
$1,118,000 · Fidelity Bk
Jan 31, 2018
—
Adelaide Properties LLC
Redford,katherine S & Colin
Warranty Deed
related
—
May 30, 2017
$236,500
Katherine S Redford
Rosewood Centre LLC
Warranty Deed
—
—
—
Adelaide Hospitality LLC
—
Deed Of Trust
related
$1,118,000 · Fidelity Bk
—
—
Adelaide Properties LLC
—
Deed Of Trust
related
$1,118,000 · Fidelity Bk
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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