Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$395,000
Grocery and convenience stores
601 Griffith St Davidson, NC 28036-9333
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1965908
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1990
Total area
2,128 SF
Lot
1.02 ac (44,475 SF)
Zoning code
C
APN
321403
UPID
US53-1965908
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
-
First Charter Travel Agency Tour Operator
-
Wells Fargo ATM Atm
-
Harris Teeter Fuel Center Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$395k
Owner & transaction history
Harris Teeter Properties LLC · 6 yrs held
Harris Teeter Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
C · Davidson, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
al Planning Area (Storyhill Church) Linden Cotton Mill Novel Davidson (Potts Street Residential) Oak Hill Ph. 2 Parkside (Hoke Master Plan) Plattner Office Building River Run Phase 6 Master Plan Summers Walk - Phases 6A-C Summers Walk Phase 6D Summit Farms Conditional Master Plan Recently Completed Development Projects Submit a Permit Text & Map Amendments D…
Zone name
Conditional
General category
COMMERCIAL
Zone area
1,254.57 ac
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 Davidson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davidson 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
$280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$395k
Range $356k – $435k · ±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
$186 / 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
$13,308
Tax year 2023
Assessed value
$1,800,600
Assessed 2024
Previous assessed
$2,159,900
-16.6% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,280,000
Assessed improvement
$520,600
Land market value
$1,280,000
Improvement market value
$520,600
Total market value
$1,800,600
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,128 SF
Lot
1.02 ac (44,475 SF)
Zoning code
C
APN
321403
UPID
US53-1965908
Jurisdiction
MECKLENBURG
Zoning & alternative use
C · Davidson, NCZoning C · permitted uses
C · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
al Planning Area (Storyhill Church) Linden Cotton Mill Novel Davidson (Potts Street Residential) Oak Hill Ph. 2 Parkside (Hoke Master Plan) Plattner Office Building River Run Phase 6 Master Plan Summers Walk - Phases 6A-C Summers Walk Phase 6D Summit Farms Conditional Master Plan Recently Completed Development Projects Submit a Permit Text & Map Amendments Department Advisory Boards Transportation Planning Davidson Mobility Plan Transit
Zone name
Conditional
General category
COMMERCIAL
Zone area
1,254.57 ac
Building & site characteristics
From public records
Year built
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Harris Teeter Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
701 CRESTDALE RD, MATTHEWS, NC 28105-1700
Ownership since
2019
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 21, 2019
$3,065,000
Harris Teeter Properties LLC
Mehta Holdings LLC
Grant Deed
—
Aug 21, 2019
—
Harris Teeter Properties LLC
Mehta Holdings LLC
Grant Deed
—
Feb 25, 2019
—
Mehta Holdings LLC
—
Deed
related
$258,000 · Pinnacle Bk
Dec 21, 2017
—
Laurens Retail LLC
—
Trustees Deed
related
$400,000 · Uwharrie Bk
May 19, 2016
$1,200,000
Laurens Retail LLC
Propst Bros Dists INC
Warranty Deed
$1,000,000 · Propst Bros Dists INC
May 19, 2016
—
Laurens Retail LLC
Propst Bros Dists INC
Grant Deed
—
Dec 22, 1988
$265,000
Brothers Propst
Unknown
Grant Deed
—
—
—
Propst Bros Dists INC
—
Deed Of Trust
related
$650,000 · First Charter Bank
—
—
Propst Bros Dists INC
—
Deed Of Trust
related
$2,000,000 · Bank Of Nc
—
—
Mehta Holdings LLC
—
Deed Of Trust
related
$258,000 · Pinnacle 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 601 Griffith St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
