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Property profile & analytics
OFF-MARKET
Estimated value
$5,185,000
Apartment buildings
200 Coleridge Rd Asheboro, NC 27203-5018
Entity Owned
6-yr Hold
Property ID
US53-1203894
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD FRAME
Total area
4,590 SF
Lot
15.5 ac (675,180 SF)
Zoning code
RA6
APN
7761329752
UPID
US53-1203894
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
$4.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.19M
Owner & transaction history
Coleridge Road Housing Partners LP · 6 yrs held
Coleridge Road Housing Partners LP
since 2020
Last sale
$5.5M
2 recorded transactions
Zoning & alternative use
RA6 · 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
$4,920,000
ML approach
$4,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.19M
Range $4.67M – $5.70M · ±10% · vs last sale $5.50M (Apr 6 2020)
Last sale anchor
$5.50M
Apr 6 2020
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
$1,130 / 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
$1,778
Tax year 2023
Assessed value
$6,131,520
Assessed 2023
Previous assessed
$6,131,520
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$1,066,250
Assessed improvement
$5,065,270
Land market value
$1,066,250
Improvement market value
$5,065,270
Total market value
$6,131,520
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
1972
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
25
Stories
1
Units
5
Bathrooms
10
Total area
4,590 SF
Lot
15.5 ac (675,180 SF)
Zoning code
RA6
APN
7761329752
UPID
US53-1203894
Jurisdiction
RANDOLPH
Zoning & alternative use
RA6 · Asheboro, NC
Zoning RA6 · permitted uses
RA6 · 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.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
25
Units
5
Bathrooms
10
Lot
15.5 ac
Current owner
From public records · entity-resolved
Coleridge Road Housing Partners LP
Entity
Mailing address
1101 KEMP BLVD, ASHEBORO, NC 27203-5082
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2020
$550,000
Coleridge Road Housing Partners LP
Ffah Coleridge Road LLC
Special Warranty Deed
$4,420,000 · Merchants Bank Of Indiana
—
—
Ffah Coleridge Road LLC
—
Deed Of Trust
$60,370,000 · * Other Institutional Lenders
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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