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Property profile & analytics
OFF-MARKET
Estimated value
$16,440,000
Retail space
220 Main St High Point, NC 27260
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5493769
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
121,668 SF
Lot
1.34 ac (58,370 SF)
Zoning code
CB
APN
171450
UPID
US53-5493769
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
-
Magnolia Home Furniture Big Box & Wholesale Store Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.44M
Owner & transaction history
Market Square Ac II Spe LLC · 9 yrs held
Market Square Ac II Spe LLC
since 2016
4 recorded transactions
Zoning & alternative use
CB · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,785,000
6.5%
$22,875,000
7%
$21,245,000
Alternative Use
Use
Estimation
RETAIL STORES
$17,455,000
Current use
Blend value · Realmo final
$16.44M
Range $14.80M – $18.08M · ±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
$135 / 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
$238,618
Tax year 2023
Assessed value
$17,701,600
Assessed 2023
Previous assessed
$17,701,600
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,926,200
Assessed improvement
$15,775,400
Land market value
$1,926,200
Improvement market value
$15,775,400
Total market value
$17,701,600
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
1960
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
3
Rooms
6
Bathrooms
22
Total area
121,668 SF
Lot
1.34 ac (58,370 SF)
Zoning code
CB
APN
171450
UPID
US53-5493769
Jurisdiction
GUILFORD
Zoning & alternative use
CB · High Point, NC
Zoning CB · permitted uses
CB · 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
$17.5M
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
1960
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
3
Rooms
6
Bathrooms
22
Lot
1.34 ac
Current owner
From public records · entity-resolved
Market Square Ac II Spe LLC
Entity
Free & Clear · 9 yrs held
Mailing address
475 S GRAND CENTRAL PKWY #1615, LAS VEGAS, NV 89106-4552
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Apr 16, 2019
—
C & D High Point Spe LLC
—
Grant Deed
related
—
Nov 21, 2016
—
Market Square Ac II Spe LLC
Market Square Ac II LLC
Quit Claim Deed
—
Feb 2, 2015
—
Market Square Ac I LLC|market Square Ac II LLC Eta
—
Grant Deed
related
$455,000,000 · Jp Morgan Chase Bk
Apr 15, 2011
$58,897,500
Market Square Ac II LLC
Market Square-furniture Plaza
Grant Deed
—
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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