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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Apartment buildings
1019 Church St Asheboro, NC 27203-6864
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0117150
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Construction
WOOD FRAME
Total area
10,054 SF
Lot
1.34 ac (58,370 SF)
Zoning code
RA6
APN
7750782097
UPID
US53-0117150
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
$915k
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$955k
Owner & transaction history
Jmds Dove Properties LLC · 6 yrs held
Jmds Dove Properties LLC
since 2020
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
RA6 · Asheboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Asheboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asheboro 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
$895,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
$1,345,000
6.5%
$1,240,000
7%
$1,155,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,260,000
Current use
RESTAURANT
$1,220,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $1.00M (Apr 27 2020)
Last sale anchor
$1.00M
Apr 27 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
$95 / 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
$17,061
Tax year 2023
Assessed value
$1,125,460
Assessed 2023
Previous assessed
$1,125,460
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$240,000
Assessed improvement
$885,460
Land market value
$240,000
Improvement market value
$885,460
Total market value
$1,125,460
Applied tax rate
1.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1967
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
2
Units
16
Total area
10,054 SF
Lot
1.34 ac (58,370 SF)
Zoning code
RA6
APN
7750782097
UPID
US53-0117150
Jurisdiction
RANDOLPH
Zoning & alternative use
RA6 · Asheboro, NC
Zoning RA6 · permitted uses
RA6 · Asheboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Asheboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1967
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Units
16
Lot
1.34 ac
Current owner
From public records · entity-resolved
Jmds Dove Properties LLC
Entity
Mailing address
254 HASTY HL RD, THOMASVILLE, NC 27360-9110
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2020
—
Jmds Dove Properties LLC
Nabeel Kashif
Warranty Deed
—
Dec 9, 2019
$1,000,000
Kashif Leobigilba
Donneal LLC
Warranty Deed
$558,750 · Cogent Bank
Jul 16, 2018
—
Donneal LLC
D & P Rentals LLC
Warranty Deed
$600,000 · Pinnacle Bank
Sep 13, 2006
$900,000
D&p Rentals INC
Schwarz & Schwarz LLC
Grant Deed
$875,000 · Randolph Bank & Trust Co
—
—
D & P Rentals INC
—
Deed Of Trust
related
$830,000 · Carolina Bank
—
—
D & P Rentals INC
—
Deed Of Trust
related
$28,000 · Randolph Bank & Trust Co
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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