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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Grocery and convenience stores
3405 Nc Hwy 242nd N, Benson, NC 27504-7846
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US53-1728409
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Total area
5,414 SF
Lot
5.38 ac (234,353 SF)
Zoning code
SUP
APN
01E08020F
UPID
US53-1728409
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
by Request
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$885k
Owner & transaction history
Exit 325 LLC · 17 yrs held
Exit 325 LLC
since 2009
4 recorded transactions
Zoning & alternative use
SUP · Benson, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+52.2%
Office building
$905,000
+14.0%
Retail stores
$865,000
+9.1%
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 Benson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benson 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Current use
RESTAURANT
$1,210,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$905,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$865,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$825,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$785,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$163 / 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
$10,054
Tax year 2024
Assessed value
$785,500
Assessed 2024
Previous assessed
$785,500
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$397,760
Assessed improvement
$387,740
Land market value
$397,760
Improvement market value
$387,740
Total market value
$785,500
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
8
Total area
5,414 SF
Lot
5.38 ac (234,353 SF)
Zoning code
SUP
APN
01E08020F
UPID
US53-1728409
Jurisdiction
JOHNSTON
Zoning & alternative use
SUP · Benson, NC
Zoning SUP · permitted uses
SUP · Benson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Benson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$795,000
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING
Est. value
$905,000
RETAIL STORES
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$825,000
MEDICAL BUILDING
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1996
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
8
Lot
5.38 ac
Current owner
From public records · entity-resolved
Exit 325 LLC
Entity
Mailing address
PO BOX 395, BENSON, NC 27504-0395
Ownership since
2009
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
May 14, 2018
—
Exit 325 LLC
—
Deed
related
$200,000 · Branch Bk&tr
Apr 29, 2009
—
Exit 325 LLC
Delma C Blinson
Warranty Deed
$30,000 · Four Oaks Bank & Trust Co
—
—
Exit 325 LLC
—
Deed Of Trust
related
$715,000 · Branch Banking & Trust Co
—
—
Exit 325 LLC
—
Deed Of Trust
related
$200,000 · Branch Bk&tr
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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