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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Grocery and convenience stores
4005 Hwy 74th E, Wingate, NC 28174-6759
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1896749
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Construction
WOOD
Total area
4,192 SF
Lot
1.28 ac (55,539 SF)
Zoning code
B-1 WINGATE
APN
09-022-124
UPID
US53-1896749
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
$1.39M
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.50M
Owner & transaction history
Gx Monroe LLC · 4 yrs held
Gx Monroe LLC
since 2021
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
B-1 WINGATE · Wingate, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+82.6%
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 Wingate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wingate 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
$1,385,000
ML approach
$1,385,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,160,000
Change: +83% · Conversion: Easy
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.54M (Dec 23 2021)
Last sale anchor
$1.54M
Dec 23 2021
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
$358 / 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
$9,614
Tax year 2023
Assessed value
$966,200
Assessed 2023
Previous assessed
$966,200
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$382,500
Assessed improvement
$583,700
Land market value
$382,500
Improvement market value
$583,700
Total market value
$966,200
Applied tax rate
322.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
4,192 SF
Lot
1.28 ac (55,539 SF)
Zoning code
B-1 WINGATE
APN
09-022-124
UPID
US53-1896749
Jurisdiction
UNION
Zoning & alternative use
B-1 WINGATE · Wingate, NC
Zoning B-1 WINGATE · permitted uses
B-1 WINGATE · Wingate, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wingate. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.2M
RETAIL STORES
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
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Gx Monroe LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1575 NORTHSIDE DR NW STE #470, ATLANTA, GA 30318-4236
Ownership since
2021
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
Dec 23, 2021
$1,540,000
Gx Monroe LLC
Monroe Properties INC
Special Warranty Deed
—
Dec 23, 2021
—
Gx Monroe LLC
—
Deed
related
$16,107,500 · Southern States Bank
Jan 5, 2018
—
Monroe Properties INC
—
Grant Deed
related
$11,000,000 · Southern St Bk
Apr 6, 2015
—
Monroe Properties INC
Monroe Oil Co INC
Quit Claim Deed
related
—
Apr 1, 1996
$50,000
Monroe Oil Co INC
Monroe Oil Co INC
Grant Deed
related
—
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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