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Property profile & analytics
OFF-MARKET
Estimated value
$8,880,000
Grocery and convenience stores
3700 Memorial Dr Greenville, NC 27834-6700
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2079617
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1987
Total area
78,209 SF
Lot
6.6 ac (287,496 SF)
Zoning code
CG
APN
6399
UPID
US53-2079617
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
-
New China Restaurant
-
ATA Martial Arts of Greenville Training Center Sports School
-
Giles Group Law Firm
-
Huckle Burger Restaurant
-
Truist - ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.20M
Comparable Approach
Comparable
$7.56M
Blend (final)
Blend
$8.88M
Owner & transaction history
Ward Holdings LLC · 3 yrs held
Ward Holdings LLC
since 2023
2 recorded transactions
Zoning & alternative use
CG · Greenville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.5M
+6.6%
Commercial (general)
$6.4M
+5.1%
Apartment house (5+ units)
$6.1M
+0.5%
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 Greenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenville 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%
$11,045,000
6.5%
$10,195,000
7%
$9,465,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,060,000
Current use
AUTO REPAIR, GARAGE
$6,460,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,370,000
Change: +5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,090,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$5,965,000
Change: -2% · Conversion: Easy
RESTAURANT
$5,710,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$8.88M
Range $7.99M – $9.77M · ±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
$114 / 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
$55,041
Tax year 2023
Assessed value
$4,689,912
Assessed 2023
Previous assessed
$4,689,912
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,056,000
Assessed improvement
$3,633,912
Land market value
$1,056,000
Improvement market value
$3,633,912
Total market value
$4,689,912
Applied tax rate
70.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1987
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Rooms
2
Bathrooms
2
Total area
78,209 SF
Lot
6.6 ac (287,496 SF)
Zoning code
CG
APN
6399
UPID
US53-2079617
Jurisdiction
PITT
Zoning & alternative use
CG · Greenville, NC
Zoning CG · permitted uses
CG · Greenville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
OFFICE BUILDING
Est. value
$6.0M
RESTAURANT
Est. value
$5.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
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
1987
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Rooms
2
Bathrooms
2
Lot
6.6 ac
Current owner
From public records · entity-resolved
Ward Holdings LLC
Entity
Mailing address
503 CHESAPEAKE PL, GREENVILLE, NC 27858-0679
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2023
—
Ward Holdings LLC
—
Deed
related
$8,000,000 · Dogwood State Bank
Apr 5, 2011
—
Ward Holdings LLC
—
Grant Deed
related
$8,126,300 · Rbc Bk (usa)
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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