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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Hospitals
348 5th St Highlands, NC 28741-7002
Entity Owned
Free & Clear
Property ID
US53-0200584
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1950
Construction
BRICK
Total area
9,158 SF
Lot
1.56 ac (67,954 SF)
Zoning code
HB3
APN
7449496483
UPID
US53-0200584
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
-
Curtis J. Mathews, CPA PC Accounting Firm
-
My Choice Home Care Care Services Occupational Health Service
-
Highlands Cashiers Health Foundation Charitable Organization Social Service Agency
-
Highlands-Cashiers Land Trust Charitable Organization Social Service Agency
-
International Friendship Center Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
CROSBY, PEGGY COMMUNITY SERVICE CENTER
CROSBY, PEGGY COMMUNITY SERVICE CENTER
Zoning & alternative use
HB3 · Highlands, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+63.7%
Auto repair, garage
$905,000
+25.3%
Restaurant
$750,000
+4.4%
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 Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highlands 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
MEDICAL BUILDING
$720,000
Current use
RETAIL STORES
$1,180,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$905,000
Change: +25% · Conversion: Difficult
RESTAURANT
$750,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$640,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$81 / 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
Assessed value
$5,235,780
Assessed 2023
Previous assessed
$4,008,020
+30.6% YoY
Assessed land
$1,053,000
Assessed improvement
$4,182,780
Land market value
$1,053,000
Improvement market value
$4,182,780
Total market value
$5,235,780
Applied tax rate
14.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1950
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
9,158 SF
Lot
1.56 ac (67,954 SF)
Zoning code
HB3
APN
7449496483
UPID
US53-0200584
Jurisdiction
MACON
Zoning & alternative use
HB3 · Highlands, NCZoning HB3 · permitted uses
HB3 · Highlands, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$720,000
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$905,000
RESTAURANT
Est. value
$750,000
WAREHOUSE, STORAGE
Est. value
$640,000
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
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
1950
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
CROSBY, PEGGY COMMUNITY SERVICE CENTER
Individual
Free & Clear · 0 yrs held
Mailing address
348 S 5TH ST, HIGHLANDS, NC 28741-7002
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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