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Property profile & analytics
OFF-MARKET
Estimated value
$3,340,000
Office buildings
1300 National Hwy Thomasville, NC 27360-2318
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1526717
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
35,132 SF
Lot
14.36 ac (625,522 SF)
Zoning code
R10
APN
16-313-J-000-0001
UPID
US53-1526717
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
-
Lexington Home Brands Big Box & Wholesale Store Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$3.34M
Owner & transaction history
Schwarz Properties LLC · 6 yrs held
Schwarz Properties LLC
since 2020
5 recorded transactions
Zoning & alternative use
R10 · Thomasville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 22
Top alternative use upside
Restaurant
$5.2M
+138.7%
Commercial (general)
$2.7M
+24.7%
Auto repair, garage
$2.4M
+7.9%
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
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
OFFICE BUILDING
$2,180,000
Current use
RESTAURANT
$5,200,000
Change: +139% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,715,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,350,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,230,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$3.34M
Range $3.01M – $3.67M · ±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
$95 / 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
$54,374
Tax year 2023
Assessed value
$4,687,450
Assessed 2023
Previous assessed
$4,687,450
+0.0% YoY
Effective rate
1.16%
On assessed value
Land market value
$1,020,630
Improvement market value
$3,666,820
Total market value
$4,687,450
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
9
Total area
35,132 SF
Lot
14.36 ac (625,522 SF)
Zoning code
R10
APN
16-313-J-000-0001
UPID
US53-1526717
Jurisdiction
DAVIDSON
Zoning & alternative use
R10 · Thomasville, NCZoning R10 · permitted uses
R10 · Thomasville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 22
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
9
Lot
14.36 ac
Current owner
From public records · entity-resolved
Schwarz Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 1104, ASHEBORO, NC 27204-1104
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
—
Schwarz Properties LLC
Sp Master Capital LLC
Warranty Deed
—
Dec 23, 2019
—
Schwarz Properties LLC
Southeast Showroom LLC
Warranty Deed
—
Oct 16, 2019
—
Sp Master Capital LLC
Southeast Showroom LLC
Trustees Deed
$7,000,000 · Carter Bk&tr
Dec 1, 2010
—
Southeast Showroom LLC
Schwarz Properties LLC
Warranty Deed
—
Mar 31, 2004
$4,000,000
Schwarz Properties LLC
Lexington Furniture Inds INC
Warranty Deed
$3,750,000 · Ge Capital Business Asset Fund
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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