Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1988 Berkley Ln Asheboro, NC 27205-4182

    • Investment properties
    • 1,652 SF
    • 6.07 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    May 27, 2021
    $385,000
    Location Intelligence
    Property ID
    US53-5615265
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Asheboro Racquet and Swim Club / Tennis Club / Swimming Pool

    Property Details for 1988 Berkley Ln

    Year built
    1982
    Construction
    WOOD FRAME
    Lot size
    6.07 lot acres
    Property size
    1,652 SF
    Zone code
    RE
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    7752357136
    APU
    7752357136

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $380,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $385,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $440,000
      Mixed-Use
      $410,000
      Hospitality
      $365,000
      Educational
      $355,000
      Residential Income
      $430,000
      Energy
      $435,000
      Income-Based Land
      $350,000
      Food Service
      $395,000

    Location Insight

    • Map
    • Local Demand
    City
    Asheboro
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.8297
    Latitude
    35.7397
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,297
    $247,450
    $314,040
    $561,490
    -
    $247,450
    $314,040
    $561,490

    Comparable in this City

    • Value Estimation by Request
      28,944 SF

      3741 Old Lexington Rd

      STORE/OFFICE (MIXED USE) • 28,944 SF
      3741 Old Lexington Rd, Asheboro, NC 27205-2589
      View Details
    • Value Estimation by Request
      3,000 SF

      5078 Seagrove Plank Rd

      STORE/OFFICE (MIXED USE) • 3,000 SF
      5078 Seagrove Plank Rd, Asheboro, NC 27205-1276
      View Details
    • Value Estimation by Request
      2,400 SF

      6058 Us Hwy 220th S

      STORE/OFFICE (MIXED USE) • 2,400 SF
      6058 Us Hwy 220th S, Asheboro, NC 27205
      View Details
    • Value Estimation by Request
      3,750 SF

      4581 Dunbar Brg Rd

      STORE/OFFICE (MIXED USE) • 3,750 SF
      4581 Dunbar Brg Rd, Asheboro, NC 27205-2052
      View Details
    • Value Estimation by Request
      27,443 SF

      2795 Nc Hwy 134

      STORE/OFFICE (MIXED USE) • 27,443 SF
      2795 Nc Hwy 134, Asheboro, NC 27205-1101
      View Details
    • Value Estimation
      $4,355,000
      2,280 SF

      3671 Pisgah Covered Brg Rd

      STORE/OFFICE (MIXED USE) • 2,280 SF
      3671 Pisgah Covered Brg Rd, Asheboro, NC 27205-9331
      View Details

    Similar Nearby for Sale

    • $1,699,000

      Asheboro Investment Property - High Return

      17,000 SF Building, Fully Leased, High Traffic Area
      2013 Fayetteville St, Asheboro, NC 27205
      View Details
    • Contact for pricing
      4.60 Acres

      Wooded Land Parcel Auction Opportunity

      4.6 acre wooded parcel near US Highway 64, Asheboro, NC.
      Us 64 Hwy, Asheboro, NC 27205
      View Details
    • Contact for pricing

      99 Acre Industrial Land Parcel

      99 acre industrial land parcel in Randolph County, North Carolina.
      Mcdowell Rd, Asheboro, NC 27205
      View Details
    • $400,000
      2.70 Acres

      Commercial Land in Asheboro, NC

      2.7-acre commercial land near Randolph County offices and college.
      3 Mcdowell Rd, Asheboro, NC 27205
      View Details
    • $1,975,000

      Highway Frontage Land For Sale

      Large cleared tract with excellent road frontage ready to develop.
      617 Nc Highway 49 S, Asheboro, NC 27205
      View Details
    • $495,000
      66.85 Acres

      66 Acres Rural Land Opportunity

      66 acres in Randolph County with subdivision potential.
      Old Nc Highway 13, Asheboro, NC 27205
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1988 Berkley Ln
    Asheboro, NC 27205-4182
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.