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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Grocery and convenience stores
4299 Winterville Pkwy, Winterville, NC 28590-7969
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2179702
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Construction
STEEL FRAME
Total area
14,767 SF
Lot
2 ac (87,120 SF)
Zoning code
GB
APN
52444
UPID
US53-2179702
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
-
Fred's Food Club Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
$1.93M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.82M
Owner & transaction history
Awc Winterville LLC · 3 yrs held
Awc Winterville LLC
since 2022
Last sale
$2.5M
2 recorded transactions
Zoning & alternative use
GB · Winterville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+119.8%
Apartment house (5+ units)
$1.5M
+72.5%
Restaurant
$1.2M
+30.5%
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 Winterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winterville 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
$1,830,000
ML approach
$1,810,000
CAP Approach
CAP Return
Estimation
6%
$2,085,000
6.5%
$1,925,000
7%
$1,785,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,950,000
Change: +120% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,530,000
Change: +72% · Conversion: Difficult
RESTAURANT
$1,160,000
Change: +31% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,140,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $2.48M (Aug 8 2022)
Last sale anchor
$2.48M
Aug 8 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
$123 / 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
$16,064
Tax year 2023
Assessed value
$2,160,333
Assessed 2023
Previous assessed
$2,160,333
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,170,893
Assessed improvement
$989,440
Land market value
$1,170,893
Improvement market value
$989,440
Total market value
$2,160,333
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
2001
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Rooms
4
Bathrooms
3
Total area
14,767 SF
Lot
2 ac (87,120 SF)
Zoning code
GB
APN
52444
UPID
US53-2179702
Jurisdiction
PITT
Zoning & alternative use
GB · Winterville, NC
Zoning GB · permitted uses
GB · Winterville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winterville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
3
Lot
2 ac
Current owner
From public records · entity-resolved
Awc Winterville LLC
Entity
Mailing address
101 NASHVILLE RD, ROCKY MOUNT, NC 27803-3627
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
—
Awc Winterville LLC
A Fred Adams
Warranty Deed
$19,950,000 · Atlantic Union Bank
Aug 8, 2022
$2,484,000
Awc Winterville LLC
A Fred Adams
Special 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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