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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Garden apartment buildings
1009 Doak Ct A, Thomasville, NC 27360-2773
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0135395
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,960 SF
Lot
9.61 ac (418,612 SF)
Zoning code
R8
APN
16-027-0-000-0003
UPID
US53-0135395
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$577k
Blend (final)
Blend
$555k
Owner & transaction history
Thomasville Church Housing LLC · 3 yrs held
Thomasville Church Housing LLC
since 2022
5 recorded transactions
Zoning & alternative use
R8 · Thomasville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$540,000
+21.9%
Auto repair, garage
$465,000
+5.5%
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 Thomasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thomasville 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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$440,000
Current use
COMMERCIAL (GENERAL)
$540,000
Change: +22% · Conversion: Moderate
AUTO REPAIR, GARAGE
$465,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$430,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$80 / 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
Assessed value
$5,435,060
Assessed 2023
Previous assessed
$5,435,060
+0.0% YoY
Land market value
$144,580
Improvement market value
$5,290,480
Total market value
$5,435,060
Applied tax rate
16.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Buildings
1
Stories
1
Units
7
Bathrooms
1
Total area
6,960 SF
Lot
9.61 ac (418,612 SF)
Zoning code
R8
APN
16-027-0-000-0003
UPID
US53-0135395
Jurisdiction
DAVIDSON
Zoning & alternative use
R8 · Thomasville, NC
Zoning R8 · permitted uses
R8 · Thomasville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thomasville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$465,000
OFFICE BUILDING
Est. value
$430,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE 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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
7
Bathrooms
1
Lot
9.61 ac
Current owner
From public records · entity-resolved
Thomasville Church Housing LLC
Entity
Mailing address
9131 QUEENS BLVD STE #512, ELMHURST, NY 11373-5542
Ownership since
2022
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 3, 2022
—
Thomkasville Church Housing LLC
—
Deed
related
$4,950,000 · Webster Bank NA
Aug 2, 2022
—
Thomasville Church Housing LLC
Transy Properties LLC
Special Warranty Deed
—
Sep 4, 2020
$5,450,000
Thomasville Church Homes LLC
Transy Properties LLC
Special Warranty Deed
$800,000 · Sterling National Bank
Dec 6, 2006
$2,200,000
Transy Properties LLC
Terra Linda Properties LLC
Warranty Deed
$1,760,000 · Lasalle National Bank
—
—
Transy Properties LLC
—
Deed Of Trust
related
$1,825,000 · Arbor Commercial Funding LLC
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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