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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21 Colonial Dr, Unit A Thomasville, NC 27360-4600

    • Garden apartment buildings
    • 3,580 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Jan 10, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0928754
    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

    • Garden apartment buildings

    Property Details for 21 Colonial Dr

    Year built
    1992
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property size
    3,580 SF
    Zone code
    R6
    Property type
    Garden apartment buildings
    APN
    16-113-0-00C-0007
    APU
    16113000C0007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Thomasville
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.0828
    Latitude
    35.8793
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, 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
    $2,726
    $0.00
    $0.00
    $201,190
    -
    $13,800
    $187,390
    $201,190

    Comparable in this City

    • Value Estimation by Request
      8,120 SF

      1 Hunter St, Unit A-J

      GARDEN APT, COURT APT (5+ UNITS) • 8,120 SF
      1 Hunter St, Thomasville, NC 27360-4320
      View Details
    • Value Estimation by Request
      4,325 SF

      704 Rapp St, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 4,325 SF
      704 Rapp St, Thomasville, NC 27360-5059
      View Details
    • Value Estimation by Request
      3,182 SF

      130 Harmon Dr, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 3,182 SF
      130 Harmon Dr, Thomasville, NC 27360-3366
      View Details
    • Value Estimation by Request
      4,288 SF

      11 Jennings St, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 4,288 SF
      11 Jennings St, Thomasville, NC 27360-4858
      View Details
    • Value Estimation by Request
      5,988 SF

      101 Fisher Fry St, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 5,988 SF
      101 Fisher Fry St, Thomasville, NC 27360-4659
      View Details
    • Value Estimation by Request
      74,970 SF

      11 Pne St

      GARDEN APT, COURT APT (5+ UNITS) • 74,970 SF
      11 Pne St, Thomasville, NC 27360-5186
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26.00 Acres

      Thomasville Mixed-Use Development Opportunity

      26 Acres, Office-Institutional Zoning, Prime Location
      319 Old Lexington Rd, Thomasville, NC 27360
      View Details
    • $199,000
      Pending

      Thomasville Duplex: Investor Opportunity

      Charming, updated duplex in Thomasville, NC, ideal for investors.
      600 Clay St, Thomasville, NC 27360
      View Details
    • $390,000

      Commercial Land Parcel For Sale

      1.83 acre commercial parcel with retail development opportunity.
      274 Kennedy Rd, Thomasville, NC 27360
      View Details
    • New
      $45,900
      1.88 Acres

      Thomasville, NC Land Available

      1.88 acres in town, convenient to amenities and services.
      811 Douglas Dr, Thomasville, NC 27360
      View Details
    • New
      Contact for pricing
      0.34 Acres

      Residential Land in Thomasville, NC

      Residential land available in Thomasville, North Carolina.
      Jimmy Creek Rd, Thomasville, NC 27360
      View Details
    • $70,000

      Thomasville Investment Land Opportunity

      Wooded Acre, High Visibility, Great Potential
      285 Old Greensboro Rd, Thomasville, NC 27360
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      78,509 SF

      Thomasville Crossing Retail Center

      Prime Thomasville retail space, multiple suites available.
      1404 National Hwy, Thomasville, NC 27360
      View Details
    • $3,500 /Mo
      3,396 SF

      Retail Space with Secure Fencing

      Fenced retail space near Bus 85 with high visibility.
      1530 National Hwy, Thomasville, NC 27360
      View Details
    • $1,199,000
      6,050 SF

      Renovated Retail Property Available

      Clean, renovated retail space available for lease or purchase.
      1322 National Hwy, Thomasville, NC 27360
      View Details
    • $7 SF/Yr
      8,801 SF

      Thomasville Warehouse with Office Space

      Warehouse for lease with office space and convenient highway access.
      105 Todd Ct, Thomasville, NC 27360
      View Details
    • $14 SF/Yr
      2,100 SF

      Medical Office Space Available

      Well-maintained medical office space in high-traffic location.
      1630 Liberty Dr, Thomasville, NC 27360
      View Details
    • $10 SF/Yr
      4,100 SF

      Southgate Plaza Retail Space Available

      Prime Thomasville Retail, Flexible Spaces
      1033 Randolph St, Thomasville, NC 27360
      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.
    21 Colonial Dr, Unit A
    Thomasville, NC 27360-4600
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    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.