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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Outlet malls
302 White St Whitakers, NC 27891
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-2888612
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2011
Total area
8,000 SF
Lot
1 ac (43,560 SF)
Zoning code
R2
APN
387620-90-9750
UPID
US53-2888612
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.97M
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
$4.98M
Blend (final)
Blend
$3.62M
Owner & transaction history
Family Dollar Stores Of Nc LLC · 1 yrs held
Family Dollar Stores Of Nc LLC
since 2025
5 recorded transactions
Zoning & alternative use
R2 · Whitakers, 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 Whitakers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whitakers 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
$3,955,000
ML approach
$3,965,000
CAP Approach
CAP Return
Estimation
6%
$2,465,000
6.5%
$2,275,000
7%
$2,115,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,025,000
Current use
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±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
$452 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,580
Tax year 2024
Assessed value
$703,700
Assessed 2024
Previous assessed
$703,700
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$50,750
Assessed improvement
$652,950
Land market value
$50,750
Improvement market value
$652,950
Total market value
$703,700
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2011
Heating
NONE
Total area
8,000 SF
Lot
1 ac (43,560 SF)
Zoning code
R2
APN
387620-90-9750
UPID
US53-2888612
Jurisdiction
NASH
Zoning & alternative use
R2 · Whitakers, NC
Zoning R2 · permitted uses
R2 · Whitakers, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whitakers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.0M
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
2011
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Family Dollar Stores Of Nc LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 17119, CHAPEL HILL, NC 27516-7119
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2025
—
Family Dollar Stores Of Nc LLC
Pgp Dollar II LLC
Deed
—
Feb 9, 2021
$988,000
Pgp Dollar II LLC
Mcleod Family Foundation INC
Deed
—
Oct 10, 2016
—
Mcleod Family Foundation INC
—
Deed
related
$1,616,000 · The First Bank & Trust Co
Feb 22, 2012
$891,000
Mcleod Foundation INC
Eastern Pride INC
Warranty Deed
$1,385,423 · Suntrust Bank
Oct 14, 2011
$110,000
Eastern Pride INC
Hursel B Johnson
Warranty Deed
$698,300 · The Heritage 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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