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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
634 Main St Walnut Cove, NC 27052-8310
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3458399
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,262 SF
Lot
2.56 ac (111,514 SF)
Zoning code
NB-2
APN
696213234636
UPID
US53-3458399
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
-
Mobil Gas Station
-
Walnut Cove Food Mart Discount Store Grocery & Convenience Store
-
EXPREZIT Gas Station
-
Truist ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
As & S INC · 13 yrs held
As & S INC
since 2013
3 recorded transactions
Zoning & alternative use
NB-2 · Walnut Cove, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Business District is generally located on the major thoroughfare in town and provides space for offices, services and retail goods.
Zone name
Neighborhood Business District
General category
COMMERCIAL
Zone area
162.22 ac
Source
Realmo
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 Walnut Cove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnut Cove 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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,285
Tax year 2024
Assessed value
$656,300
Assessed 2024
Previous assessed
$656,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$368,000
Assessed improvement
$288,300
Land market value
$368,000
Improvement market value
$288,300
Total market value
$656,300
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
CONVENIENCE STORE
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
7
Total area
2,262 SF
Lot
2.56 ac (111,514 SF)
Zoning code
NB-2
APN
696213234636
UPID
US53-3458399
Jurisdiction
STOKES
Zoning & alternative use
NB-2 · Walnut Cove, NCZoning NB-2 · permitted uses
NB-2 · Walnut Cove, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Neighborhood Business District is generally located on the major thoroughfare in town and provides space for offices, services and retail goods.
Zone name
Neighborhood Business District
General category
COMMERCIAL
Zone area
162.22 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
7
Lot
2.56 ac
Current owner
From public records · entity-resolved
As & S INC
Entity
Mailing address
117 TRL CT, THOMASVILLE, NC 27360-6357
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Apr 1, 2013
$415,000
As & S INC
Getty Leasing INC
Special Warranty Deed
$265,000 · Bank Of North Carolina
Apr 13, 2007
$981,500
Getty Nc Leasing INC
Net Lease Funding 2005 LP
Special Warranty Deed
—
Mar 21, 2005
$1,100,000
Net Lease Funding 2005 LP
Usrp Gant2 LLC
Special 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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