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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Retail space
600 Main St Rolesville, NC 27571-9309
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2142425
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
CONCRETE BLOCKS
Total area
7,790 SF
Lot
1.69 ac (73,616 SF)
Zoning code
GC-CZ
APN
1758.11-57-1481 0252709
UPID
US53-2142425
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
-
Painters Of Raleigh General Contractor
-
Suburban Propane Gas Company Industrial Gas Supplier
-
Meineke Car Care Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.61M
Owner & transaction history
Grand Park Properties LLC · 9 yrs held
Grand Park Properties LLC
since 2017
3 recorded transactions
Zoning & alternative use
GC-CZ · Rolesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Commercial (GC) zoning district is established as a district in which the principal use of land is for commercial uses. The GC district allows for wide range of intensities of commercial uses. Regulations of this district are intended to minimize potential effects of commercial activity on residential districts.
Zone name
General Commercial Conditional Zoning
General category
COMMERCIAL
Zone area
179.97 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$2.6M
+5.1%
Medical building
$2.5M
+2.7%
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 Rolesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rolesville 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%
$2,305,000
6.5%
$2,125,000
7%
$1,975,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,465,000
Current use
COMMERCIAL (GENERAL)
$2,590,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$2,530,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±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
$207 / 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
$17,749
Tax year 2023
Assessed value
$1,588,965
Assessed 2023
Previous assessed
$1,588,965
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$478,504
Assessed improvement
$1,110,461
Land market value
$478,504
Improvement market value
$1,110,461
Total market value
$1,588,965
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,790 SF
Lot
1.69 ac (73,616 SF)
Zoning code
GC-CZ
APN
1758.11-57-1481 0252709
UPID
US53-2142425
Jurisdiction
WAKE
Zoning & alternative use
GC-CZ · Rolesville, NCZoning GC-CZ · permitted uses
GC-CZ · Rolesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Commercial (GC) zoning district is established as a district in which the principal use of land is for commercial uses. The GC district allows for wide range of intensities of commercial uses. Regulations of this district are intended to minimize potential effects of commercial activity on residential districts.
Zone name
General Commercial Conditional Zoning
General category
COMMERCIAL
Zone area
179.97 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES Current
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
1997
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Grand Park Properties LLC
Entity
Mailing address
2636 WAIT AVE, WAKE FOREST, NC 27587-6808
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jul 20, 2017
—
Grand Park Properties LLC
—
Deed
related
$508,000 · Benchmark Cmnty Bk
Apr 19, 2005
—
Grand Park Properties LLC
—
Trustees Deed
related
$330,000 · Central Carolina Bank & Trust
—
—
Grand Park Properties LLC
—
Deed Of Trust
related
$508,000 · Benchmark Cmnty Bk
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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