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Property profile & analytics
OFF-MARKET
Estimated value
$2,195,000
Drug stores
533 Main St Troutman, NC 28166-8526
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2123467
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2007
Construction
STEEL FRAME
Total area
12,477 SF
Lot
1.74 ac (75,794 SF)
Zoning code
HB
APN
4731-78-3808.000
UPID
US53-2123467
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
by Request
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$2.20M
Owner & transaction history
Bsprt Walgreens Portfolio 13 LLC · 1 yrs held
Bsprt Walgreens Portfolio 13 LLC
since 2024
7 recorded transactions
Zoning & alternative use
HB · Troutman, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+60.8%
Office building
$2.7M
+42.7%
Commercial (general)
$2.5M
+35.2%
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 Troutman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troutman 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%
$2,555,000
6.5%
$2,355,000
7%
$2,190,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,880,000
Current use
RESTAURANT
$3,020,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$2,680,000
Change: +43% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,540,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$2,435,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±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
$176 / 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
$24,350
Tax year 2023
Assessed value
$2,213,600
Assessed 2023
Previous assessed
$1,836,010
+20.6% YoY
Effective rate
1.10%
On assessed value
Assessed land
$341,040
Assessed improvement
$1,872,560
Land market value
$341,040
Improvement market value
$1,872,560
Total market value
$2,213,600
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
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
2
Bathrooms
1
Total area
12,477 SF
Lot
1.74 ac (75,794 SF)
Zoning code
HB
APN
4731-78-3808.000
UPID
US53-2123467
Jurisdiction
IREDELL
Zoning & alternative use
HB · Troutman, NC
Zoning HB · permitted uses
HB · Troutman, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troutman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
Bsprt Walgreens Portfolio 13 LLC
Entity
Mailing address
15305 DALLAS PKWY STE #300, ADDISON, TX 75001-6470
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
—
Bsprt Walgreens Portfolio 13 LLC
Bsp Of Finance LLC
Special Warranty Deed
—
Jul 2, 2024
$3,267,000
Ss 533 N Main Street LLC
Bsprt Walgreens Portfolio 13 LLC
Special Warranty Deed
$57,750,000 · Peoples Bank & Trust Co Of Pickett
Apr 27, 2023
—
Bsprt Walgreens Portfolio 13 LLC
Benefit Street Partners Rlty Operat
Special Warranty Deed
—
Jan 20, 2023
$2,801,509
Benefit Street Partners Rlty Operat
Ibf Properties LLC
Trustees Deed
related
—
Apr 22, 2022
—
Ibf Properties LLC
—
Deed
related
$149,700,000 · Peoples Bank & Trust Co Of Pickett Co
Mar 18, 2022
$3,630,000
Ibf Properties LLC
Pharmacy Sale Leaseback Dst
Special Warranty Deed
$70,326,550 · Revere Tactical Opportunities Reit
Jan 3, 2014
$3,322,500
Pharmacy Sale Leaseback Dst
Walgreens Of North Carolina INC
Sheriffs Deed
related
$40,741,048 · Parkway Bank & Trust Co
Nov 15, 2013
$3,918,500
Walgreens Of North Carolina INC
Carolina Dh Vi LLC
Grant Deed
related
—
Sep 13, 2006
$250,000
Carolina Dh Vi LLC
Murdock,gilmer L & Frances L
Warranty Deed
$900,000 · Suntrust Bank NA
Sep 13, 2006
$300,000
Carolina Dh Vi LLC
Chapman,john & Peggy S
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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