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Property profile & analytics
OFF-MARKET
Estimated value
$13,105,000
Retail space
242 Main St Holly Springs, NC 27540-6051
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-4851574
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Construction
BRICK
Total area
23,649 SF
Lot
0.93 ac (40,511 SF)
Zoning code
TV
APN
0649.20-91-3235 0455881
UPID
US53-4851574
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
-
Motor Mouth Speech Therapy, PLLC Physician
-
smashed - Burgers & Cocktails Restaurant
-
The Fitness Lab Holly Springs , North Carolina, USA Gym & Fitness Center
-
Edward Jones - Financial Advisor: Chris Flowers, CEPA® Financial Advisor
-
Britt Laxton Energy Healing Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.26M
Blend (final)
Blend
$13.11M
Owner & transaction history
Reinder Holdings LLC · 5 yrs held
Reinder Holdings LLC
since 2020
Last sale
$13.7M
2 recorded transactions
Zoning & alternative use
TV · Holly Springs, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$13.0M
+74.1%
Restaurant
$12.8M
+70.6%
Auto repair, garage
$8.2M
+9.2%
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
$12,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$13,030,000
Change: +74% · Conversion: Moderate
RESTAURANT
$12,765,000
Change: +71% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,170,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,865,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$13.11M
Range $11.79M – $14.42M · ±10% · vs last sale $13.72M (Jul 29 2020)
Last sale anchor
$13.72M
Jul 29 2020
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
$554 / 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
$92,520
Tax year 2023
Assessed value
$8,666,896
Assessed 2023
Previous assessed
$8,577,740
+1.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$405,110
Assessed improvement
$8,261,786
Land market value
$405,110
Improvement market value
$8,261,786
Total market value
$8,666,896
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
2018
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
23,649 SF
Lot
0.93 ac (40,511 SF)
Zoning code
TV
APN
0649.20-91-3235 0455881
UPID
US53-4851574
Jurisdiction
WAKE
Zoning & alternative use
TV · Holly Springs, NC
Zoning TV · permitted uses
TV · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.0M
RESTAURANT
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2018
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Reinder Holdings LLC
Entity
Mailing address
2908 CONE MNR LN, RALEIGH, NC 27613-6610
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2020
$13,715,000
Reinder Holdings LLC
242 Main Street Holly Springs LLC
Special Warranty Deed
$10,972,000 · Townebank
Mar 13, 2018
—
242 Main Street Holly Springs
Abcz Properties LLC
Grant Deed
related
$7,350,000 · Paragon 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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