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Property profile & analytics
OFF-MARKET
Estimated value
$22,360,000
Assisted living facilities
115 White Rd King, NC 27021-9526
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-3579873
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1993
Construction
WOOD
Total area
32,160 SF
Lot
8.3 ac (361,548 SF)
Zoning code
O-I
APN
599211559139
UPID
US53-3579873
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
-
King Health & Rehabilitation Center Nursing Home
-
Universal Healthcare/King Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$22.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.36M
Owner & transaction history
115 White Road LLC · 2 yrs held
115 White Road LLC
since 2024
Last sale
$22.4M
4 recorded transactions
Zoning & alternative use
O-I · King, 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 King submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs King 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
$22,360,000
ML approach
$22,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.36M
Range $20.12M – $24.60M · ±10% · vs last sale $22.36M (Jun 4 2024)
Last sale anchor
$22.36M
Jun 4 2024
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
$695 / 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
$31,203
Tax year 2024
Assessed value
$2,644,300
Assessed 2024
Previous assessed
$2,644,300
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$220,000
Assessed improvement
$2,424,300
Land market value
$220,000
Improvement market value
$2,424,300
Total market value
$2,644,300
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
32,160 SF
Lot
8.3 ac (361,548 SF)
Zoning code
O-I
APN
599211559139
UPID
US53-3579873
Jurisdiction
STOKES
Zoning & alternative use
O-I · King, NC
Zoning O-I · permitted uses
O-I · King, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
King. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
8.3 ac
Current owner
From public records · entity-resolved
115 White Road LLC
Entity
Mailing address
400 BLVD OF AMERICAS RD UNIT #401, LAKEWOOD, NJ 08701-4787
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
$22,361,500
115 White Road LLC
Universal Properties King LLC
Special Warranty Deed
$174,000,000 · Ctr Partnership LP
Sep 30, 2011
—
Universal Properties/king LLC
Cse King LP
Quit Claim Deed
related
—
Sep 30, 2011
$4,150,000
Universal Properties/king LLC
Cse King LP
Special Warranty Deed
—
Dec 19, 2006
$4,360,500
Cse King LP
Health Care Property Investors INC
Special Warranty Deed
$287,182,422 · Column Financial INC
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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