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Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Office Spaces
501 Main St, High Point, NC 27260-5042
Individually Owned
Absentee Owner
Free & Clear
Property ID
US53-0879981
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Construction
FRAME
Total area
18,636 SF
Lot
1.44 ac (62,726 SF)
Zoning code
MX-D
APN
186845
UPID
US53-0879981
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
-
THE FOUNDATION FOR A HEALTHY HIGH POINT Charitable Organization
-
Merrill Lynch Wealth Management Financial Advisor
-
Merrill Lynch Financial Advisor Vicky Tsitseras Leonard Financial Advisor
-
Bank of America (with Drive-thru ATM) Bank Loan Service
-
Merrill Lynch Wealth Management Advisor Marsh Hester Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.91M
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$3.29M
Owner & transaction history
NORTH CAROLINA NATIONSBANK
NORTH CAROLINA NATIONSBANK
Zoning & alternative use
MX-D · High Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.7M
+29.6%
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 High Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs High Point 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%
$3,145,000
6.5%
$2,905,000
7%
$2,695,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,065,000
Current use
RETAIL STORES
$2,675,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±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
$177 / 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
$39,100
Tax year 2023
Assessed value
$2,961,900
Assessed 2023
Previous assessed
$3,133,300
-5.5% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,016,200
Assessed improvement
$1,945,700
Land market value
$1,016,200
Improvement market value
$1,945,700
Total market value
$2,961,900
Applied tax rate
25.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Rooms
10
Bathrooms
4
Total area
18,636 SF
Lot
1.44 ac (62,726 SF)
Zoning code
MX-D
APN
186845
UPID
US53-0879981
Jurisdiction
GUILFORD
Zoning & alternative use
MX-D · High Point, NC
Zoning MX-D · permitted uses
MX-D · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
High Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
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
1991
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Rooms
10
Bathrooms
4
Lot
1.44 ac
Current owner
From public records · entity-resolved
NORTH CAROLINA NATIONSBANK
Individual
Free & Clear · 0 yrs held
Mailing address
101 N TRYON ST, CHARLOTTE, NC 28246-0100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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