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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
1929 1931st Richardson Dr Summerfield, NC 27358
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US53-0107485
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,901 SF
Lot
0.79 ac (34,412 SF)
Zoning code
OFFICE&INST REIDSVILLE
APN
7994-16-82-6503-00
UPID
US53-0107485
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$328k
Blend (final)
Blend
$505k
Owner & transaction history
Chw Agw LLC · 6 yrs held
Chw Agw LLC
since 2019
5 recorded transactions
Zoning & alternative use
OFFICE&INST REIDSVILLE · Summerfield, 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 Summerfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summerfield 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
$505k
Range $455k – $556k · ±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
$174 / 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
$5,790
Tax year 2023
Assessed value
$403,751
Assessed 2023
Previous assessed
$403,751
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$63,200
Assessed improvement
$340,551
Land market value
$63,200
Improvement market value
$340,551
Total market value
$403,751
Applied tax rate
101.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
2,901 SF
Lot
0.79 ac (34,412 SF)
Zoning code
OFFICE&INST REIDSVILLE
APN
7994-16-82-6503-00
UPID
US53-0107485
Jurisdiction
ROCKINGHAM
Zoning & alternative use
OFFICE&INST REIDSVILLE · Summerfield, NC
Zoning OFFICE&INST REIDSVILLE · permitted uses
OFFICE&INST REIDSVILLE · Summerfield, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Summerfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Chw Agw LLC
Entity
Mailing address
227 NIBLICK DR, SUMMERFIELD, NC 27358-9766
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2019
$154,000
Chw Agw LLC
Eldon L Presnell
Warranty Deed
$288,750 · Cogent Bank
Jul 26, 2016
—
Eldon L Presnell
Presnell,marsha R
Quit Claim Deed
related
—
—
—
Eldon L Presnell
—
Deed Of Trust
related
$160,000 · Ing Bank Fsb
—
—
Eldon L Presnell
—
Deed Of Trust
related
$160,900 · Suntrust Mortgage INC
—
—
Eldon L Presnell
—
Deed Of Trust
related
$20,000 · Ing Bank Fsb
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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