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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Apartment buildings
1819 Fayetteville St Asheboro, NC 27203-3478
Entity Owned
8-yr Hold
Property ID
US53-1788941
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1996
Construction
WOOD FRAME
Total area
7,652 SF
Lot
7.94 ac (345,866 SF)
Zoning code
RA6 (CZ)
APN
7762081057
UPID
US53-1788941
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
-
North Forest Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$945k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
Reserve At Ashelyn Glen LP · 8 yrs held
Reserve At Ashelyn Glen LP
since 2018
5 recorded transactions
Zoning & alternative use
RA6 (CZ) · Asheboro, 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 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%
$1,025,000
6.5%
$945,000
7%
$875,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$960,000
Current use
RESTAURANT
$925,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$114 / 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
$56,516
Tax year 2023
Assessed value
$4,264,420
Assessed 2023
Previous assessed
$4,264,420
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$730,000
Assessed improvement
$3,534,420
Land market value
$730,000
Improvement market value
$3,534,420
Total market value
$4,264,420
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
10
Stories
2
Units
8
Bathrooms
2
Total area
7,652 SF
Lot
7.94 ac (345,866 SF)
Zoning code
RA6 (CZ)
APN
7762081057
UPID
US53-1788941
Jurisdiction
RANDOLPH
Zoning & alternative use
RA6 (CZ) · Asheboro, NC
Zoning RA6 (CZ) · permitted uses
RA6 (CZ) · Asheboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Asheboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$960,000
RESTAURANT
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1996
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
10
Units
8
Bathrooms
2
Lot
7.94 ac
Current owner
From public records · entity-resolved
Reserve At Ashelyn Glen LP
Entity
Mailing address
701 EXPOSITION PL, RALEIGH, NC 27615-3300
Ownership since
2018
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
Mar 16, 2018
$3,011,000
Reserve At Ashelyn Glen LP
Asheboro North Forest LLC
Warranty Deed
$724,708 · Rwr Holdings INC
Feb 5, 2018
—
Asheboro North Forest LLC
Reserve At Ashelyn Glen LP
Warranty Deed
—
Sep 13, 2017
$3,011,000
Reserve At Ashelyn Glen Limited Par
Asheboro North Forest LLC
Warranty Deed
$3,011 · North State Bank
—
—
Reserve At Ashelyn Glen LP
—
Deed Of Trust
related
$454,556 · Housing Fin Agcy
—
—
Reserve At Ashelyn Glen LP
—
Deed Of Trust
related
$1,345,000 · Churchill Mtg Inv
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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