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Property profile & analytics
OFF-MARKET
Estimated value
$5,345,000
Drug stores
301 Main St Holly Springs, NC 27540-9196
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1079177
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2003
Construction
BRICK
Total area
14,222 SF
Lot
1.39 ac (60,548 SF)
Zoning code
LB
APN
0649.16-83-9487 0319313
UPID
US53-1079177
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
-
Walgreens Pharmacy Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Cardtronics ATM Atm
-
Katharine A. McGrail, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.64M
CAP Approach
CAP
$3.88M
Comparable Approach
Comparable
$7.37M
Blend (final)
Blend
$5.35M
Owner & transaction history
Holly Capital LLC · 4 yrs held
Holly Capital LLC
since 2021
Last sale
$4.9M
3 recorded transactions
Zoning & alternative use
LB · Holly Springs, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.8M
+74.1%
Restaurant
$7.7M
+70.6%
Auto repair, garage
$4.9M
+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
$6,315,000
ML approach
$6,640,000
CAP Approach
CAP Return
Estimation
6%
$4,205,000
6.5%
$3,880,000
7%
$3,605,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,500,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,835,000
Change: +74% · Conversion: Moderate
RESTAURANT
$7,675,000
Change: +71% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,910,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,730,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$4,620,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$5.35M
Range $4.81M – $5.88M · ±10% · vs last sale $4.87M (Aug 10 2021)
Last sale anchor
$4.87M
Aug 10 2021
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
$376 / 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
$52,880
Tax year 2023
Assessed value
$4,902,689
Assessed 2023
Previous assessed
$4,902,689
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$605,480
Assessed improvement
$4,297,209
Land market value
$605,480
Improvement market value
$4,297,209
Total market value
$4,902,689
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2003
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,222 SF
Lot
1.39 ac (60,548 SF)
Zoning code
LB
APN
0649.16-83-9487 0319313
UPID
US53-1079177
Jurisdiction
WAKE
Zoning & alternative use
LB · Holly Springs, NC
Zoning LB · permitted uses
LB · 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
RETAIL STORES Current
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.8M
RESTAURANT
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2003
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Holly Capital LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2021
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
Aug 10, 2021
$4,872,000
Holly Capital LLC
Merry Hill North Carolina LLC
Special Warranty Deed
$3,166,666 · Trustone Financial Cu
Jan 11, 2016
$4,925,000
Merry Hill North Carolina LLC
Pinewinds Investments LLC
Grant Deed
—
Sep 7, 2006
$4,400,000
Pinewinds Investments LLC
III T Holly Springs LLC
Grant Deed
$7,870,000 · Lehman Brothers Bank
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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