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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Grocery and convenience stores
507 Main St Highlands, NC 28741
Individually Owned
3-yr Hold
Free & Clear
Property ID
US53-0953360
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1961
Total area
11,738 SF
Lot
1.13 ac (49,223 SF)
Zoning code
HB2
APN
7540408147
UPID
US53-0953360
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
-
Country Club Properties Vacation Rentals Real Estate Agency
-
Rent In Highlands Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
William Terry Potts · 3 yrs held
William Terry Potts
since 2022
3 recorded transactions
Zoning & alternative use
HB2 · Highlands, 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 Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highlands 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$48 / 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
$10,046
Tax year 2023
Assessed value
$2,478,930
Assessed 2023
Previous assessed
$2,207,400
+12.3% YoY
Effective rate
0.41%
On assessed value
Assessed land
$1,412,500
Assessed improvement
$1,066,430
Land market value
$1,412,500
Improvement market value
$1,066,430
Total market value
$2,478,930
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1961
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Rooms
4
Bathrooms
1
Total area
11,738 SF
Lot
1.13 ac (49,223 SF)
Zoning code
HB2
APN
7540408147
UPID
US53-0953360
Jurisdiction
MACON
Zoning & alternative use
HB2 · Highlands, NCZoning HB2 · permitted uses
HB2 · Highlands, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1961
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Rooms
4
Bathrooms
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
William Terry Potts
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 1708, HIGHLANDS, NC 28741-1708
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
Nov 28, 2022
$800,000
William Terry Potts
John Robert Potts
Warranty Deed
related
—
Apr 18, 2011
$495,500
William Terry Potts
Arthur S Potts
Warranty Deed
related
$215,000 · Arthur S Potts
Jan 22, 2008
—
Mae Potts Vella
William Terry Potts
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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