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Property profile & analytics
OFF-MARKET
Estimated value
$5,375,000
Retail space
356 Main St, Highlands, NC 28741
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1261983
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
CONCRETE BLOCKS
Total area
14,736 SF
Lot
0.22 ac (9,583 SF)
Zoning code
HB1
APN
7540400838
UPID
US53-1261983
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
$6.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.68M
Blend (final)
Blend
$5.38M
Owner & transaction history
Mack Main Street 356 LLC · 4 yrs held
Mack Main Street 356 LLC
since 2022
Last sale
$5.5M
5 recorded transactions
Zoning & alternative use
HB1 · Highlands, 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 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
$5,175,000
ML approach
$6,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,865,000
Current use
OFFICE BUILDING
$4,950,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$5.38M
Range $4.84M – $5.91M · ±10% · vs last sale $5.50M (May 24 2022)
Last sale anchor
$5.50M
May 24 2022
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
$365 / 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
$17,390
Tax year 2023
Assessed value
$4,416,490
Assessed 2023
Previous assessed
$2,351,440
+87.8% YoY
Effective rate
0.39%
On assessed value
Assessed land
$1,833,310
Assessed improvement
$2,583,180
Land market value
$1,833,310
Improvement market value
$2,583,180
Total market value
$4,416,490
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1982
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
1
Total area
14,736 SF
Lot
0.22 ac (9,583 SF)
Zoning code
HB1
APN
7540400838
UPID
US53-1261983
Jurisdiction
MACON
Zoning & alternative use
HB1 · Highlands, NC
Zoning HB1 · permitted uses
HB1 · Highlands, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Highlands. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.0M
RETAIL STORES Current
OFFICE 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
1982
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Mack Main Street 356 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1976 W 9TH ST STE A, RIVIERA BEACH, FL 33404-6422
Ownership since
2022
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
May 24, 2022
—
Mack Main Street 356 LLC
Edward Reed Mack
Intrafamily Transfer
related
—
Dec 20, 2021
$5,500,000
Edward Reed Mack III
Marlene S Buckalew
Warranty Deed
—
Oct 26, 2021
—
Todd S Scudder
Main Street Gallery LLC
Warranty Deed
—
Aug 14, 2017
—
Main Street Gallery LLC
—
Deed
related
$400,000 · Regions Bank
May 17, 2010
—
Main Street Gallery LLC
Frank Asher Scudder
Warranty Deed
—
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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