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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office Spaces
2206 Eastchester Dr High Point, NC 27265-1454
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1246290
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1958
Construction
FRAME
Total area
3,203 SF
Lot
2.27 ac (98,881 SF)
Zoning code
CU-GO-M
APN
196475
UPID
US53-1246290
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
-
Mortgage Hotline Loan Service Bank
-
Appleville Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$600k
Owner & transaction history
Mccormick Properties 1 LLC · 2 yrs held
Mccormick Properties 1 LLC
since 2024
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
CU-GO-M · High Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$470,000
+4.2%
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$450,000
Current use
RETAIL STORES
$470,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Jun 27 2024)
Last sale anchor
$600k
Jun 27 2024
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
$187 / 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
$6,593
Tax year 2023
Assessed value
$489,100
Assessed 2023
Previous assessed
$489,100
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$461,500
Assessed improvement
$27,600
Land market value
$461,500
Improvement market value
$27,600
Total market value
$489,100
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
1958
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
3,203 SF
Lot
2.27 ac (98,881 SF)
Zoning code
CU-GO-M
APN
196475
UPID
US53-1246290
Jurisdiction
GUILFORD
Zoning & alternative use
CU-GO-M · High Point, NC
Zoning CU-GO-M · permitted uses
CU-GO-M · 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
COMMERCIAL (GENERAL) Current
Est. value
$450,000
RETAIL STORES
Est. value
$470,000
COMMERCIAL (GENERAL) Current
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
1958
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
2.27 ac
Current owner
From public records · entity-resolved
Mccormick Properties 1 LLC
Entity
Mailing address
2707 SWEETBRIAR RD NW, SOPHIA, NC 27350-8926
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
$600,000
Mccormick Properties 1 LLC
William Lewis Corn
Warranty Deed
$510,000 · Pinnacle Bank
Jun 27, 2024
$250,000
William Lewis Corn
William Lewis Corn
Warranty Deed
related
—
Jan 30, 2019
—
Whitney B Heard
Brigman,paul H JR
Quit Claim Deed
related
—
Apr 29, 2002
$50,000
William L Corn
Brigman,paul JR
Grant Deed
—
—
—
William L Corn
—
Deed Of Trust
related
$223,660 · Bank Of North Carolina
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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