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Property profile & analytics
OFF-MARKET
Office buildings
205 Kivett St, Asheboro, NC 27203
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1649968
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Construction
WOOD
Total area
2,448 SF
Lot
0.32 ac (13,939 SF)
Zoning code
OA6
APN
7751804790
UPID
US53-1649968
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Syndicate Investments LLC · 2 yrs held
Syndicate Investments LLC
since 2023
Last sale
$302,500
7 recorded transactions
Zoning & alternative use
OA6 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,999
Tax year 2023
Assessed value
$301,760
Assessed 2023
Previous assessed
$301,760
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$74,580
Assessed improvement
$227,180
Land market value
$74,580
Improvement market value
$227,180
Total market value
$301,760
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
3
Bathrooms
2
Total area
2,448 SF
Lot
0.32 ac (13,939 SF)
Zoning code
OA6
APN
7751804790
UPID
US53-1649968
Jurisdiction
RANDOLPH
Zoning & alternative use
OA6 · Asheboro, NC
Zoning OA6 · permitted uses
OA6 · 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
1995
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
3
Bathrooms
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Syndicate Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
535 S COX ST, ASHEBORO, NC 27203-5876
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2023
$302,500
Syndicate Investments LLC
Otis H Allen JR
Warranty Deed
—
Oct 13, 2015
—
Otis H Allen JR
Allen Commercial Props LLC
Quit Claim Deed
related
—
Jul 2, 2010
—
Allen Commercial Props LLC
Allen,otis H JR & Brenda B
Quit Claim Deed
related
—
Jun 28, 2010
—
Allen Commercial Properties Ll
Allen,otis H JR
Quit Claim Deed
related
—
Dec 15, 2009
—
Otis H Allen JR.
Allen Otis H SR Trust
Quit Claim Deed
related
—
Dec 11, 2009
—
Otis H Allen JR.
Allen,charles L
Quit Claim Deed
related
—
Dec 20, 2006
—
Allen,otis H SR Trust
Allen,otis H SR
Quit Claim Deed
related
—
Dec 18, 2006
—
H Allen Trus Otis SR.
Allen,otis Hayden
Quit Claim 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.
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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