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Property profile & analytics
OFF-MARKET
Estimated value
$2,265,000
Office Spaces
213 Lindsay St High Point, NC 27262-4868
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5504418
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1966
Total area
7,576 SF
Lot
1.91 ac (83,200 SF)
Zoning code
MX-D
APN
187907
UPID
US53-5504418
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
Current use
Occupant on record · Public records
-
Motsinger Ancil S Insurance Agency
-
American Friends Services Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$2.27M
Owner & transaction history
Brownstone Capital Investments LLC · 3 yrs held
Brownstone Capital Investments LLC
since 2023
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
MX-D · High Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.8M
+137.8%
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 High Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs High Point 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
$2,570,000
ML approach
$2,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,845,000
Change: +138% · Conversion: Moderate
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±10% · vs last sale $2.23M (Jul 12 2023)
Last sale anchor
$2.23M
Jul 12 2023
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
$299 / 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
$21,646
Tax year 2023
Assessed value
$1,679,200
Assessed 2023
Previous assessed
$1,679,200
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,164,800
Assessed improvement
$514,400
Land market value
$1,164,800
Improvement market value
$514,400
Total market value
$1,679,200
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1966
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
10
Bathrooms
10
Total area
7,576 SF
Lot
1.91 ac (83,200 SF)
Zoning code
MX-D
APN
187907
UPID
US53-5504418
Jurisdiction
GUILFORD
Zoning & alternative use
MX-D · High Point, NC
Zoning MX-D · permitted uses
MX-D · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
High Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
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
1966
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
10
Bathrooms
10
Lot
1.91 ac
Current owner
From public records · entity-resolved
Brownstone Capital Investments LLC
Entity
Mailing address
100 N CHERRY ST STE #600, WINSTON SALEM, NC 27101-4016
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
—
Brownstone Capital Investments LLC
Lindsay Court Partners LLC
Special Warranty Deed
—
Jul 12, 2023
$2,225,000
Hp Ventures LLC
Brownstone Capital Investments LLC
Special Warranty Deed
—
Feb 4, 2016
$140,000
Lindsay Court Partners LLC
High Point Bk & Trust Co
Grant Deed
—
May 8, 2014
$324,000
High Point Bk & Trust Co
Manger Richard A
Trustees Deed
related
—
—
—
Gaap
—
Deed Of Trust
related
$70,000 · High Point Bk&tr
—
—
Gaap
—
Deed Of Trust
related
$531,739 · 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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