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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Drug stores
4305 Nc Hwy 49th S Harrisburg, NC 28075-7528
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0953123
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2003
Construction
STEEL FRAME
Total area
16,098 SF
Lot
1.66 ac (72,310 SF)
Zoning code
GC
APN
5507 86 1017
UPID
US53-0953123
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
$3.04M
CAP Approach
CAP
$3.04M
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$3.00M
Owner & transaction history
Mcm Wags Nc 1 LLC · 5 yrs held
Mcm Wags Nc 1 LLC
since 2021
Last sale
$4.1M
5 recorded transactions
Zoning & alternative use
GC · Harrisburg, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
GC, General Commercial Light Commercial and Institutional Provide areas for indoor commercial and some institutional uses in well- designed development sites that provide excellent transportation access, make the most efficient use of existing infrastructure, and provide for an orderly transition between the NC district and more intense districts. Developmen…
Zone name
General Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
246.66 ac
Top alternative use upside
Medical building
$3.6M
+85.2%
Auto repair, garage
$2.3M
+20.5%
Commercial (general)
$2.1M
+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
$2,975,000
ML approach
$3,035,000
CAP Approach
CAP Return
Estimation
6%
$3,295,000
6.5%
$3,040,000
7%
$2,825,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,920,000
Current use
MEDICAL BUILDING
$3,560,000
Change: +85% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,315,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,085,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±10% · vs last sale $4.10M (Jan 25 2021)
Last sale anchor
$4.10M
Jan 25 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
$186 / 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
$39,642
Tax year 2024
Assessed value
$4,020,500
Assessed 2024
Previous assessed
$3,403,430
+18.1% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,626,980
Assessed improvement
$2,393,520
Land market value
$1,626,980
Improvement market value
$2,393,520
Total market value
$4,020,500
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
16,098 SF
Lot
1.66 ac (72,310 SF)
Zoning code
GC
APN
5507 86 1017
UPID
US53-0953123
Jurisdiction
CABARRUS
Zoning & alternative use
GC · Harrisburg, NCZoning GC · permitted uses
GC · Harrisburg, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
GC, General Commercial Light Commercial and Institutional Provide areas for indoor commercial and some institutional uses in well- designed development sites that provide excellent transportation access, make the most efficient use of existing infrastructure, and provide for an orderly transition between the NC district and more intense districts. Development sites and buildings are of greater height and impervious surface, and provide for more auto-intensive establishments, than the NC district. Parking is largely accommodated by
Zone name
General Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
246.66 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Mcm Wags Nc 1 LLC
Entity
Mailing address
13024 BALLANTYNE CORPORATE PL STE #500, CHARLOTTE, NC 28277-0487
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
Jan 25, 2021
$4,100,000
Mcm Wags Nc 1 LLC
Noble 4305 Hwy 49 Harrisburg Nc LLC
Special Warranty Deed
$3,315,000 · Cogent Bank
May 22, 2014
$3,369,500
4305 Hwy 49 Harrisburg N Noble
Aw I LP
Grant Deed
—
May 13, 2005
$3,972,500
I Aw
Harrisburg Retail Invtrs LLC
Grant Deed
—
—
—
1700 Marietta Canton Ga LLC
—
Deed Of Trust
related
$25,200,000 · Bankunited Fsb
—
—
Harrisburg Retail Invtrs LLC
—
Deed Of Trust
related
$2,900,000 · Southern Electrical Retirement
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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