Realmo Analytics

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Financial
Distress signals
Property profile

218 S Main St Grover, NC 28073

FOR SALE
Turn key restaurants
Property ID
US53-2858519
2,500 SF 0.3 ac lot Built 2004
Last sale Dec 2006 · $375,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a restaurant business configured to serve breakfast, lunch, and dinner, operating with an established menu and seating/serving operations typical of a full-service restaurant. The business is located immediately off an I-85 exit, in an area with nearby truck stops and commercial activity, and is positioned within close driving distance of New 2 Kings Casino (approximately two interstate exits).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value · 2023$223k
Assessed land$13k
Assessed improvement$209k
Effective rate1.16%

Value estimate

· Oct 2026
$200k
$180k – $220k
AI approach$200k
NOI build-up
Gross scheduled income$45k
Vacancy & credit loss−$3k
Operating expenses−$11k
NOI · 6.32% cap applied$32k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$198/SF
County average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$96 – $273
Qualifying comparables3

Cap rate analysis

How does the asset earn?
6.32%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GB
The purpose of General Business district is to accommodate a wide variety of retail, business, professional, and personal services, offic...
General categoryCOMMERCIAL
JurisdictionCLEVELAND

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.4
Dental Office9.3
Electrical Service8.9

Location

218 S Main St Grover, NC 28073
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 8 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
711 Cleveland Ave, Grover, NC 28073 $25,000 Sep 2024 3,588 SF
2720 Bettis, Grover, NC 28073-9751 $34,000 Jan 2024 1,540 SF
York, Grover, NC 28073 $550,000 Aug 2021 2,586 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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