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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Strip malls
1218 Dixie Dr Asheboro, NC 27203-8856
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2490325
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Total area
75,251 SF
Lot
18.75 ac (816,750 SF)
Zoning code
B2 (CZ)
APN
7760589094
UPID
US53-2490325
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
-
bealls Fashion Accessories Store Handbags Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
Middleton Income Invtrs Ashebo · 6 yrs held
Middleton Income Invtrs Ashebo
since 2019
2 recorded transactions
Zoning & alternative use
B2 (CZ) · Asheboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B2 General Commercial District is intended to serve the convenience goods, shoppers goods retail and service needs of the motoring public, both local and transient, This district should always be located with access directly to minor thoroughfares or higher classification streets, but never local residential streets, Conditional zoning is designed to pro…
Zone name
General Commercial Conditional Zoning
General category
COMMERCIAL
Zone area
241.20 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,410,000
Current use
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10%
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
$18 / 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
$167,316
Tax year 2023
Assessed value
$12,624,750
Assessed 2023
Previous assessed
$8,886,670
+42.1% YoY
Effective rate
1.33%
On assessed value
Assessed land
$7,687,500
Assessed improvement
$4,937,250
Land market value
$7,687,500
Improvement market value
$4,937,250
Total market value
$12,624,750
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
75,251 SF
Lot
18.75 ac (816,750 SF)
Zoning code
B2 (CZ)
APN
7760589094
UPID
US53-2490325
Jurisdiction
RANDOLPH
Zoning & alternative use
B2 (CZ) · Asheboro, NCZoning B2 (CZ) · permitted uses
B2 (CZ) · Asheboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B2 General Commercial District is intended to serve the convenience goods, shoppers goods retail and service needs of the motoring public, both local and transient, This district should always be located with access directly to minor thoroughfares or higher classification streets, but never local residential streets, Conditional zoning is designed to provide for flexibility in the development of property while ensuring the development is compatible with neighboring land uses
Zone name
General Commercial Conditional Zoning
General category
COMMERCIAL
Zone area
241.20 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
18.75 ac
Current owner
From public records · entity-resolved
Middleton Income Invtrs Ashebo
Individual
Mailing address
270 W NEW ENGLAND AVE, WINTER PARK, FL 32789-4226
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2019
—
Middleton Income Invtrs Ashebo
Centerpoint Plaza Lllp
Quit Claim Deed
related
$42,250,000 · Citi R/e Fndg INC
May 27, 2011
—
Centerpoint Plaza Shops Lllp
Centerpoint Plaza Lllp
Quit Claim Deed
related
—
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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