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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Commercial real estate
2754 Nc Hwy 68th S High Point, NC 27265-8381
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1571822
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2017
Total area
9,139 SF
Lot
6.47 ac (281,833 SF)
Zoning code
CZ-GB
APN
170009
UPID
US53-1571822
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.64M
Owner & transaction history
Heron Village LLC · 6 yrs held
Heron Village LLC
since 2019
4 recorded transactions
Zoning & alternative use
CZ-GB · High Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CZ: The rezoning of land to a conditional zoning district is intended to provide a landowner and the City an alternative to rezoning the land to a general zoning district, GB: The GB district is established to accommodate a wide range of general retail, business, and service uses that serve groups of neighborhoods
Zone name
General Business Conditional Zoning
General category
COMMERCIAL
Zone area
248.15 ac
Source
Realmo
Top alternative use upside
Retail stores
$1.3M
+4.2%
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 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%
$1,540,000
6.5%
$1,425,000
7%
$1,320,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,285,000
Current use
RETAIL STORES
$1,340,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$179 / 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
$69,735
Tax year 2023
Assessed value
$5,173,200
Assessed 2023
Previous assessed
$4,743,300
+9.1% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,051,400
Assessed improvement
$4,121,800
Land market value
$1,051,400
Improvement market value
$4,121,800
Total market value
$5,173,200
Applied tax rate
58.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Bathrooms
2
Total area
9,139 SF
Lot
6.47 ac (281,833 SF)
Zoning code
CZ-GB
APN
170009
UPID
US53-1571822
Jurisdiction
GUILFORD
Zoning & alternative use
CZ-GB · High Point, NCZoning CZ-GB · permitted uses
CZ-GB · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CZ: The rezoning of land to a conditional zoning district is intended to provide a landowner and the City an alternative to rezoning the land to a general zoning district, GB: The GB district is established to accommodate a wide range of general retail, business, and service uses that serve groups of neighborhoods
Zone name
General Business Conditional Zoning
General category
COMMERCIAL
Zone area
248.15 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
2017
Heating
FORCED AIR
Cooling
Yes
Buildings
4
Bathrooms
2
Lot
6.47 ac
Current owner
From public records · entity-resolved
Heron Village LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3500 CAMDEN FLS CIR, GREENSBORO, NC 27410-1600
Ownership since
2019
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
Oct 17, 2019
—
Heron Village LLC
—
Grant Deed
related
$6,000,000 · Miscellaneous Ins Co
Sep 24, 2019
—
Heron Village LLC
4008 Mendenhall Oaks LLC
Grant Deed
—
Dec 15, 2015
$146,500
4008 Mendenhall Oaks LLC
Duncan,roger D & Jennifer W
Warranty Deed
—
Jul 17, 2015
—
Rita D Elkins
Duncan Rosa W Trust
Quit Claim Deed
related
—
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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