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Property profile & analytics
OFF-MARKET
Office Spaces
1040 Randolph St Ste 33 Thomasville, NC 27360-6384
Individually Owned
7-yr Hold
Free & Clear
Property ID
US53-5741203
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1986
Construction
FRAME
Total area
949 SF
Lot
3.22 ac (140,263 SF)
Zoning code
OI
APN
16-189-0-000-0004-DI
UPID
US53-5741203
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Timmy W Hawks · 7 yrs held
Timmy W Hawks
since 2018
3 recorded transactions
Zoning & alternative use
OI · Thomasville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is defined as certain land areas with structures that provide office space for professional services and for certain institutional functions; and residential accommodations, usually medium or high density. The district is normally small, and may include older homes undergoing conversion. The district is usually situated between business and res…
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
281.58 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 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,211
Tax year 2023
Assessed value
$89,380
Assessed 2023
Previous assessed
$89,380
+0.0% YoY
Effective rate
1.35%
On assessed value
Land market value
$25,000
Improvement market value
$64,380
Total market value
$89,380
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
949 SF
Lot
3.22 ac (140,263 SF)
Zoning code
OI
APN
16-189-0-000-0004-DI
UPID
US53-5741203
Jurisdiction
DAVIDSON
Zoning & alternative use
OI · Thomasville, NCZoning OI · permitted uses
OI · Thomasville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is defined as certain land areas with structures that provide office space for professional services and for certain institutional functions; and residential accommodations, usually medium or high density. The district is normally small, and may include older homes undergoing conversion. The district is usually situated between business and residential districts, and the regulations are designed to permit development of the enumerated functions and still protect and be compatible with nearby residential districts.
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
281.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1986
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
3.22 ac
Current owner
From public records · entity-resolved
Timmy W Hawks
Individual
Free & Clear · 7 yrs held
Mailing address
2801 LK HL CT, HIGH POINT, NC 27265-2335
Ownership since
2018
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
Dec 13, 2018
$75,000
Timmy W Hawks
Shaw,ronald S
Warranty Deed
—
Feb 22, 2011
—
Ronald W Shaw
Sb Industries Associates LLC
Warranty Deed
—
Sep 12, 2005
$75,000
Sb Industries Associates LLC
William E Stanley JR
Warranty Deed
$70,000 · Branch Banking And 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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