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Property profile & analytics
OFF-MARKET
Estimated value
$4,415,000
High-rise multifamily apartments
156 Academy St Asheboro, NC 27203-5786
Entity Owned
15-yr Hold
Free & Clear
Property ID
US53-1331761
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1980
Total area
75,024 SF
Lot
2.02 ac (87,991 SF)
Zoning code
B2
APN
7751815649
UPID
US53-1331761
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
-
Asheboro Summit Apartments Apartment Complex
-
PuroClean Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.01M
Blend (final)
Blend
$4.42M
Owner & transaction history
Asheboro Affordable Hsng LLC · 15 yrs held
Asheboro Affordable Hsng LLC
since 2010
2 recorded transactions
Zoning & alternative use
B2 · 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
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,817.52 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
Blend value · Realmo final
$4.42M
Range $3.97M – $4.86M · ±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
$59 / 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
Assessed value
$5,247,930
Assessed 2023
Previous assessed
$3,496,890
+50.1% YoY
Assessed land
$1,010,000
Assessed improvement
$4,237,930
Land market value
$1,010,000
Improvement market value
$4,237,930
Total market value
$5,247,930
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1980
Heating
OTHER
Cooling
WINDOW A/C
Stories
6
Units
101
Bathrooms
2
Total area
75,024 SF
Lot
2.02 ac (87,991 SF)
Zoning code
B2
APN
7751815649
UPID
US53-1331761
Jurisdiction
RANDOLPH
Zoning & alternative use
B2 · Asheboro, NCZoning B2 · permitted uses
B2 · 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
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,817.52 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1980
Heating
OTHER
Cooling
Yes
Stories
6
Units
101
Bathrooms
2
Lot
2.02 ac
Current owner
From public records · entity-resolved
Asheboro Affordable Hsng LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1819 PEACHTREE RD NE STE #520, ATLANTA, GA 30309-1851
Ownership since
2010
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
Oct 8, 2010
—
Asheboro Affordable Hsng LLC
Rha Of Affordable Hsng II INC
Warranty Deed
—
Dec 3, 2004
—
Rha Of Affordable Housing II INC
Asheboro Affordable Hsng LLC
Warranty 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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