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Property profile & analytics
FOR LEASE
Office buildings
120 Applecross Rd Pinehurst, NC 28374
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-5196061
No photos on file
For Lease
$525/Mo
120 Applecross Rd, Pinehurst, NC 28374
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Lot
1.09 ac (47,480 SF)
Zoning code
OS
APN
38905
UPID
US53-5196061
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
-
Robbins May & Rich LLP Law Firm
-
Friesen Robert M Law Firm
-
Later Stephen F Law Firm
-
Patricia T. Niebauer Law Firm
-
AMC Culinary Cookware Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$440k
Owner & transaction history
Whp Properties LLC · 4 yrs held
Whp Properties LLC
since 2021
Last sale
$385,000
7 recorded transactions
Zoning & alternative use
OS · Pinehurst, 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 Pinehurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pinehurst 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
$440,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$440k
Range $396k – $484k · ±10% · vs last sale $385k (Dec 30 2021)
Last sale anchor
$385k
Dec 30 2021
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
—
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
$17,540
Tax year 2024
Assessed value
$2,751,340
Assessed 2024
Previous assessed
$2,751,340
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$446,750
Assessed improvement
$2,304,590
Land market value
$446,750
Improvement market value
$2,304,590
Total market value
$2,751,340
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 buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2003
Heating
NONE
Lot
1.09 ac (47,480 SF)
Zoning code
OS
APN
38905
UPID
US53-5196061
Jurisdiction
MOORE
Zoning & alternative use
OS · Pinehurst, NCZoning OS · permitted uses
OS · Pinehurst, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Lot
1.09 ac
Current owner
From public records · entity-resolved
Whp Properties LLC
Entity
Mailing address
120 APPLECROSS RD, PINEHURST, NC 28374-8520
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2024
—
San Toki LLC
—
Deed
related
$425,000 · Michael E Kostich JR
Dec 30, 2021
$385,000
Whp Properties LLC
Midland Road Associates LLC
Warranty Deed
$1,933,000 · First Citizens Bank & Trust Co
Dec 15, 2021
$384,500
Esquire Exchange LLC
Midland Road Associates LLC
Warranty Deed
$290,750 · Midland Road Associates LLC
Nov 7, 2019
—
Midland Road Associates LLC
Applecross Partners LLC
Warranty Deed
$905,846 · First Citizens Bank & Trust Co
Jan 6, 2017
—
Robert M Friesen
—
Deed
related
$450,000 · Yadkin Bank
Mar 13, 2009
—
Esquire Homes LLC
Cornerstone Partners Of Woodlake
Warranty Deed
$35,000 · First Bank
Sep 17, 2008
—
Applecross Partners LLC
Stephen F Later
Other
—
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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