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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Strip malls
700 Parrish Dr, Benson, NC 27504-1759
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2383145
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Total area
5,000 SF
Lot
0.38 ac (16,553 SF)
Zoning code
SUP
APN
01030016A
UPID
US53-2383145
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
-
Food Lion Grocery & Convenience Store Food Market
-
North Carolina SweetPotato Commission Charitable Organization Social Service Agency
-
The American Sweet Potato Marketing Institute Charitable Organization Social Service Agency
-
Western Union Bank Credit Union
-
Coinstar Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
Trl Properties LLC · 5 yrs held
Trl Properties LLC
since 2020
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
SUP · Benson, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+52.2%
Office building
$835,000
+14.0%
Retail stores
$800,000
+9.1%
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 Benson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benson 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
$1,360,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
$1,310,000
6.5%
$1,210,000
7%
$1,125,000
Alternative Use
Use
Estimation
RESTAURANT
$1,115,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$835,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$800,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$760,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.16M (Aug 31 2020)
Last sale anchor
$1.16M
Aug 31 2020
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
$248 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,439
Tax year 2024
Assessed value
$352,330
Assessed 2024
Previous assessed
$352,330
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$82,770
Assessed improvement
$269,560
Land market value
$82,770
Improvement market value
$269,560
Total market value
$352,330
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1995
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
4
Bathrooms
8
Total area
5,000 SF
Lot
0.38 ac (16,553 SF)
Zoning code
SUP
APN
01030016A
UPID
US53-2383145
Jurisdiction
JOHNSTON
Zoning & alternative use
SUP · Benson, NC
Zoning SUP · permitted uses
SUP · Benson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Benson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$835,000
RETAIL STORES
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$760,000
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1995
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
4
Bathrooms
8
Lot
0.38 ac
Current owner
From public records · entity-resolved
Trl Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 911, DUNN, NC 28335-0911
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2020
$1,155,000
Trl Properties LLC
James Lockamy Real Estate LLC
Warranty Deed
—
Sep 26, 2008
—
James Lockamy Real Estate LLC
Trl Investment Properties LLC
Warranty Deed
—
Aug 16, 2004
$1,200,000
Tarheel Management LLC
Lowes Food Stores INC
Grant Deed
$582,250 · New Century Bank
Aug 16, 2004
—
Trl Investment Properties LLC
Tarheel Management LLC
Warranty Deed
related
—
—
—
James Lockamy Real Estate LLC
—
Deed Of Trust
related
$825,000 · First Bank
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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