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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Apartment buildings
2220 Fayetteville St Asheboro, NC 27203-3261
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-5668893
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1982
Construction
WOOD FRAME
Total area
11,194 SF
Lot
1.31 ac (57,064 SF)
Zoning code
B2
APN
7763038483
UPID
US53-5668893
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
-
Ivy Terrace Apartments Apartment Complex
-
Metal Detector Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Schwarz Properties LLC · 6 yrs held
Schwarz Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
B2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,405,000
Current use
RESTAURANT
$1,355,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
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
$76 / 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
$16,057
Tax year 2023
Assessed value
$1,211,560
Assessed 2023
Previous assessed
$1,211,560
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$310,000
Assessed improvement
$901,560
Land market value
$310,000
Improvement market value
$901,560
Total market value
$1,211,560
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
WINDOW A/C
Buildings
4
Stories
2
Units
16
Bathrooms
1
Total area
11,194 SF
Lot
1.31 ac (57,064 SF)
Zoning code
B2
APN
7763038483
UPID
US53-5668893
Jurisdiction
RANDOLPH
Zoning & alternative use
B2 · Asheboro, NC
Zoning B2 · permitted uses
B2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1982
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
4
Units
16
Bathrooms
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Schwarz Properties LLC
Entity
Mailing address
PO BOX 1104, ASHEBORO, NC 27204-1104
Ownership since
2019
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
Nov 19, 2019
—
Schwarz Properties LLC
Schwarz Properties LLC
Quit Claim Deed
$1,000 · Miscellaneous Ins Co
Aug 31, 2012
—
S & S Gaston LLC
—
Deed Of Trust
related
$7,340,000 · Carter Bank & Trust
Jan 16, 2007
$900,000
S & S Randolph LLC
Colonial Apartments Of Asheboro L
Warranty Deed
$764,679 · Carolina Bank Asheboro
Mar 12, 2004
$784,000
Colonial Apartments Of Asheboro L
Mcmasters,bruce J & Marie B
Warranty Deed
$779,000 · Carolina Bank Asheboro
—
—
Colonial Apartments Of Asheboro L
—
Deed Of Trust
related
$803,250 · Carolina Bank Asheboro
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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