Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    113 Nn St Asheboro, NC 27203-5437

    • Warehouses
    • 22,010 SF
    • 2.18 lot acres
    OFF-MARKET
    Last Sale
    Jun 28, 2024
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3875243
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 113 Nn St

    Year built
    1929
    Lot size
    2.18 lot acres
    Property size
    22,010 SF
    Zone code
    OA6
    Property type
    Warehouses
    APN
    7751738393
    APU
    7751738393

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $850,000
      Market price range: $372k - $1.02M
      AI Estimate
      $898,000
      Market price range: $307k - $1.05M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $650,000
      Current use
      COMMERCIAL (GENERAL)
      $1,240,000
      Change: +91% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Asheboro
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.8155
    Latitude
    35.7073
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,290
    $281,200
    $969,850
    $1,251,050
    -
    $281,200
    $969,850
    $1,251,050

    Comparable in this City

    • Value Estimation
      $5,655,000
      159,217 SF

      515 Balfour Ave

      WAREHOUSE, STORAGE • 159,217 SF
      515 Balfour Ave, Asheboro, NC 27203-3111
      View Details
    • Value Estimation by Request
      3,500 SF

      189 Commerce Pl

      WAREHOUSE, STORAGE • 3,500 SF
      189 Commerce Pl, Asheboro, NC 27203-0515
      View Details
    • Value Estimation
      $910,000
      20,288 SF

      2455 Fayetteville St

      WAREHOUSE, STORAGE • 20,288 SF
      2455 Fayetteville St, Asheboro, NC 27203
      View Details
    • Value Estimation by Request
      2,400 SF

      308 Gold Hl Rd

      WAREHOUSE, STORAGE • 2,400 SF
      308 Gold Hl Rd, Asheboro, NC 27203-8260
      View Details
    • Value Estimation
      $565,000
      12,000 SF

      222 Nc Hwy 42nd N

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      222 Nc Hwy 42nd N, Asheboro, NC 27203
      View Details
    • Value Estimation by Request
      2,422 SF

      436 Salisbury St

      WAREHOUSE, STORAGE • 2,422 SF
      436 Salisbury St, Asheboro, NC 27203-5444
      View Details

    Similar Nearby for Sale

    • $349,900
      1.30 Acres

      Industrial Building with Extra Lot

      Versatile building with extra lot in Asheboro city limits.
      1449 Old Liberty Rd, Asheboro, NC 27203
      View Details
    • Contact for pricing

      Commercial Building at Busy Intersection

      Commercial building with showroom, sales, and warehouse space available.
      603 N Fayetteville St, Asheboro, NC 27203
      View Details
    • Contact for pricing

      Commercial Building with Warehouse Space

      Commercial building suited for service businesses or small-scale manufacturing.
      2244 Us Highway 64, Asheboro, NC 27203
      View Details
    • Contact for pricing
      265,944 SF

      Asheboro Manufacturing/Industrial Property For Sale

      Manufacturing/Industrial property in Asheboro, NC, with strategic location.
      515 W Balfour Ave, Asheboro, NC 27203
      View Details
    • $5,650,000
      131,536 SF

      Industrial Campus in Asheboro, NC

      131,536 SF industrial campus with I-73/74 access.
      840 West Salisbury St, Asheboro, NC 27203
      View Details
    • Contact for pricing
      79,050 SF

      Durham/Asheboro Self Storage Portfolio

      Three self-storage facilities totaling 79,050 SF across 696 units.
      1825 N Fayetteville St, Asheboro, NC 27203
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Asheboro Retail/Warehouse Space Available

      Retail/warehouse space in a busy, signaled intersection in Asheboro.
      603 N Fayetteville St, Asheboro, NC 27203
      View Details
    • Contact for pricing

      Freestanding Restaurant Space For Lease

      6,568 SF restaurant space with parking available for lease.
      2200 N Fayetteville St, Asheboro, NC 27203
      View Details
    • Contact for pricing

      Retail Space with Pylon Signage

      Retail space with high visibility and multiple access points.
      1330 E Dixie Dr, Asheboro, NC 27203
      View Details
    • Contact for pricing

      Retail Center Near Downtown Asheboro

      Retail and office spaces available near Asheboro's medical district.
      338-372 N Fayetteville St, Asheboro, NC 27203
      View Details
    • Contact for pricing

      Asheboro Retail/Office Space Available

      Retail/office space for lease in Asheboro, North Carolina.
      1640 Us Highway 64, Asheboro, NC 27203
      View Details
    • Contact for pricing
      4,022 SF

      Restaurant Space For Rent

      Restaurant space available for lease in Asheboro, North Carolina.
      1106 E Dixie Dr, Asheboro, NC 27203
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    113 Nn St
    Asheboro, NC 27203-5437
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!