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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Retail space
5830 Samet Dr High Point, NC 27265-3614
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1663739
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
FRAME
Total area
55,810 SF
Lot
1.77 ac (77,101 SF)
Zoning code
PDM
APN
212275
UPID
US53-1663739
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
-
Regal Palladium Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$2.44M
Owner & transaction history
Oherring Properties INC · 6 yrs held
Oherring Properties INC
since 2020
7 recorded transactions
Zoning & alternative use
PDM · High Point, 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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±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
$44 / 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
$74,075
Tax year 2023
Assessed value
$5,495,200
Assessed 2023
Previous assessed
$10,132,300
-45.8% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,156,500
Assessed improvement
$4,338,700
Land market value
$1,156,500
Improvement market value
$4,338,700
Total market value
$5,495,200
Applied tax rate
2.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Bathrooms
4
Total area
55,810 SF
Lot
1.77 ac (77,101 SF)
Zoning code
PDM
APN
212275
UPID
US53-1663739
Jurisdiction
GUILFORD
Zoning & alternative use
PDM · High Point, NC
Zoning PDM · permitted uses
PDM · 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.
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Bathrooms
4
Lot
1.77 ac
Current owner
From public records · entity-resolved
Oherring Properties INC
Entity
Mailing address
2424 RDG RD, ROCKWALL, TX 75087-5116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jan 30, 2020
—
Oherring Properties INC
—
Deed
related
$8,600,000 · First Citizens Bank & Trust Co
Jan 6, 2017
—
Oherring Properties INC
—
Trustees Deed
related
$3,200,000 · Bank Of Nc
—
—
Oherring Properties INC
—
Deed Of Trust
related
$8,400,000 · High Point Bk&tr
—
—
Oherring Properties INC
—
Deed Of Trust
related
$1,682,130 · Newbridge Bank
—
—
Majestic Cinema Holdings LLC
—
Deed Of Trust
related
$5,400,000 · High Point Bank & Trust Co
—
—
Oherring Properties INC
—
Deed Of Trust
related
$2,200,000 · High Bank & Trust Company Co
—
—
Oherring Properties INC
—
Deed Of Trust
related
$1,200,000 · High Point Bank & Trust Co
—
—
Oherring Properties INC
—
Deed Of Trust
related
$8,465,000 · Newbridge Bank
—
—
Oherring Properties INC
—
Deed Of Trust
related
$1,000,000 · Newbridge Bank
—
—
Oherring Properties INC
—
Loan Modification
related
—
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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