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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Retail space
3700 Main St Harrisburg, NC 28075
Trust Owned
10-yr Hold
Free & Clear
Property ID
US53-5808705
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,889 SF
Lot
1.09 ac (47,480 SF)
Zoning code
PUD
APN
5507 96 5566
UPID
US53-5808705
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
$1.30M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.13M
Owner & transaction history
Falls,boyd P Trust · 10 yrs held
Falls,boyd P Trust
since 2016
3 recorded transactions
Zoning & alternative use
PUD · Harrisburg, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
PUD: Planned Unit Development District RE: Rural Estate District RL: Residential Low Density RM: Residential Medium Density RH: Residential High Density MU: Mixed Use District TND: Traditional Neighborhood Development District TOD: Transit Oriented Development District Overlay Districts Additional requirements are imposed on certain properties within overlay…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
351.45 ac
Top alternative use upside
Medical building
$1.5M
+85.2%
Auto repair, garage
$990,000
+20.5%
Commercial (general)
$890,000
+8.4%
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 Harrisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrisburg 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%
$1,410,000
6.5%
$1,300,000
7%
$1,210,000
Alternative Use
Use
Estimation
RETAIL STORES
$820,000
Current use
MEDICAL BUILDING
$1,525,000
Change: +85% · Conversion: Difficult
AUTO REPAIR, GARAGE
$990,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$890,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$22,300
Tax year 2024
Assessed value
$2,261,680
Assessed 2024
Previous assessed
$1,658,570
+36.4% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,187,000
Assessed improvement
$1,074,680
Land market value
$1,187,000
Improvement market value
$1,074,680
Total market value
$2,261,680
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
6,889 SF
Lot
1.09 ac (47,480 SF)
Zoning code
PUD
APN
5507 96 5566
UPID
US53-5808705
Jurisdiction
CABARRUS
Zoning & alternative use
PUD · Harrisburg, NCZoning PUD · permitted uses
PUD · Harrisburg, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
PUD: Planned Unit Development District RE: Rural Estate District RL: Residential Low Density RM: Residential Medium Density RH: Residential High Density MU: Mixed Use District TND: Traditional Neighborhood Development District TOD: Transit Oriented Development District Overlay Districts Additional requirements are imposed on certain properties within overlay districts, which can be designated within one or more general or conditional zoning district. For instance, buildings within a Historic Overlay District must comply with general and conditional zoning requirements, as well as zoning restrictions that serve to preserve the historic character of the neighborhood. Overlay Districts Key FPOD: Flood Plain Overlay District HPOD : Historic Overlay District PUD : Planned Unit Development
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
351.45 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$820,000
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$990,000
COMMERCIAL (GENERAL)
Est. value
$890,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
Falls,boyd P Trust
Trust
Free & Clear · 10 yrs held
Mailing address
PO BOX 11911, CHARLOTTE, NC 28220-1911
Ownership since
2016
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
Jan 4, 2016
—
Falls,boyd P Trust
Boyd P Falls
Quit Claim Deed
related
—
Aug 25, 2006
$2,253,500
Boyd P Falls
Advance Harrisburg LLC
Grant Deed
—
Nov 18, 2004
$736,000
Advance Harrisburg LLC
Erjola 550 Kinderkamack LLC
Warranty Deed
$1,480,757 · Rbc Centura 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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