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Property profile & analytics
FOR SALE
Turn key restaurants
218 S Main St Grover, NC 28073
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-2858519
For Sale
1 / 20
$800,000
218 S Main St, Grover, NC 28073
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2004
Total area
2,500 SF
Lot
0.3 ac (13,200 SF)
Zoning code
GB
APN
6405
UPID
US53-2858519
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
-
Carolina Crossing Restaurant Restaurant
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
Carolina Crpssing Restaurant INC · 8 yrs held
Carolina Crpssing Restaurant INC
since 2017
3 recorded transactions
Zoning & alternative use
GB · Grover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of General Business district is to accommodate a wide variety of retail, business, professional, and personal services, office, and limited wholesale and warehousing uses. These uses are generally located on arterial streets with the capacity for additional commercial traffic.
Zone name
General Business
General category
COMMERCIAL
Zone area
44.59 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 Grover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grover 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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,576
Tax year 2024
Assessed value
$222,547
Assessed 2023
Previous assessed
$222,547
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$13,365
Assessed improvement
$209,182
Land market value
$13,365
Improvement market value
$209,182
Total market value
$222,547
Applied tax rate
3.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2004
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
2,500 SF
Lot
0.3 ac (13,200 SF)
Zoning code
GB
APN
6405
UPID
US53-2858519
Jurisdiction
CLEVELAND
Zoning & alternative use
GB · Grover, NCZoning GB · permitted uses
GB · Grover, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of General Business district is to accommodate a wide variety of retail, business, professional, and personal services, office, and limited wholesale and warehousing uses. These uses are generally located on arterial streets with the capacity for additional commercial traffic.
Zone name
General Business
General category
COMMERCIAL
Zone area
44.59 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Carolina Crpssing Restaurant INC
Entity
Mailing address
133 MALLARD DR, GROVER, NC 28073-9734
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Oct 27, 2017
—
Carolina Crpssing Restaurant INC
Linda J Brackett
Warranty Deed
$282,000 · First Landmark Bk
Dec 13, 2006
$375,000
Conley E Brackett
Heath,robert M & Amelia L
Warranty Deed
$300,000 · First National Bank
—
—
Connley E Brackett
—
Deed Of Trust
related
$282,000 · First Landmark 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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