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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
207 Balfour Dr, Archdale, NC 27263-3117
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-0083269
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Construction
WOOD
Total area
4,420 SF
Lot
0.48 ac (20,909 SF)
Zoning code
OI
APN
7718644335
UPID
US53-0083269
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
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Richardson Thaxton JR · 4 yrs held
Richardson Thaxton JR
since 2021
Last sale
$590,000
3 recorded transactions
Zoning & alternative use
OI · Archdale, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$655,000
+103.7%
Retail stores
$650,000
+100.8%
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 Archdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Archdale 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
$500,000
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$325,000
Current use
COMMERCIAL (GENERAL)
$655,000
Change: +104% · Conversion: Easy
RETAIL STORES
$650,000
Change: +101% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $590k (Oct 5 2021)
Last sale anchor
$590k
Oct 5 2021
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
$120 / 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
$4,822
Tax year 2023
Assessed value
$468,020
Assessed 2023
Previous assessed
$392,040
+19.4% YoY
Effective rate
1.03%
On assessed value
Assessed land
$89,780
Assessed improvement
$378,240
Land market value
$89,780
Improvement market value
$378,240
Total market value
$468,020
Applied tax rate
2.0000
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
Total area
4,420 SF
Lot
0.48 ac (20,909 SF)
Zoning code
OI
APN
7718644335
UPID
US53-0083269
Jurisdiction
RANDOLPH
Zoning & alternative use
OI · Archdale, NC
Zoning OI · permitted uses
OI · Archdale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Archdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$325,000
COMMERCIAL (GENERAL)
Est. value
$655,000
RETAIL STORES
Est. value
$650,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1995
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
3
Lot
0.48 ac
Current owner
From public records · entity-resolved
Richardson Thaxton JR
Individual
Free & Clear · 4 yrs held
Mailing address
1350 W LK DR, GREENSBORO, NC 27408-8614
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2021
—
Richardson Thaxton JR
Richardson Thaxton JR
Intrafamily Transfer
related
—
Jan 18, 2006
$590,000
Richardson Thaxton JR
R Dale Britt
Warranty Deed
$220,000 · First Citizens Bank & Trust Co
Oct 13, 2005
—
Britt R D
—
Trustees Deed
related
$465,000 · High Point Bank & Trust Co
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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