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Property profile & analytics
OFF-MARKET
Estimated value
$6,250,000
Super regional malls
41 Macon Plz Dr Franklin, NC 28734-0924
Individually Owned
3-yr Hold
Free & Clear
Property ID
US53-2065175
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2001
Total area
51,566 SF
Lot
11.81 ac (514,444 SF)
Zoning code
FC3
APN
6594669715
UPID
US53-2065175
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
$5.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.25M
Owner & transaction history
Ingles Markets Incorporated · 3 yrs held
Ingles Markets Incorporated
since 2022
Last sale
$6.3M
3 recorded transactions
Zoning & alternative use
FC3 · Franklin, 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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
$6,525,000
ML approach
$5,870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,880,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$6,195,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,120,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,520,000
Change: 0% · Conversion: Easy
MEDICAL BUILDING
$4,130,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,970,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.25M
Range $5.63M – $6.88M · ±10% · vs last sale $6.30M (Oct 19 2022)
Last sale anchor
$6.30M
Oct 19 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
$121 / 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
$20,086
Tax year 2023
Assessed value
$6,003,080
Assessed 2023
Previous assessed
$3,987,150
+50.6% YoY
Effective rate
0.33%
On assessed value
Assessed land
$1,290,500
Assessed improvement
$4,712,580
Land market value
$1,290,500
Improvement market value
$4,712,580
Total market value
$6,003,080
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2001
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Bathrooms
5
Total area
51,566 SF
Lot
11.81 ac (514,444 SF)
Zoning code
FC3
APN
6594669715
UPID
US53-2065175
Jurisdiction
MACON
Zoning & alternative use
FC3 · Franklin, NC
Zoning FC3 · permitted uses
FC3 · Franklin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Franklin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RETAIL STORES
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.1M
RESTAURANT
Est. value
$4.0M
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
2001
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
5
Lot
11.81 ac
Current owner
From public records · entity-resolved
Ingles Markets Incorporated
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 6676, ASHEVILLE, NC 28816-6676
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2022
$6,300,000
Ingles Markets Incorporated
Bre Retail Residual Nc Owner LP
Special Warranty Deed
—
Dec 22, 2021
—
South East Property Group LLC
—
Deed
related
$6,845,925 · Pinnacle Bank
Jul 14, 2011
$3,150,000
Bre Retail Residual Nc Owner LP
Hk New Plan Macon Chapman LP
Limited 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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