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    Property profile & analytics

    223 Ward St Asheboro, NC 27203-5423

    • Medical offices
    • 5,059 SF
    OFF-MARKET
    Value Estimation
    $475,000
    Last Sale
    Oct 18, 2022
    $629,000
    Location Intelligence
    Property ID
    US53-4784473
    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

    • Steve Lucey, MD: Sports Medicine and Joint Replacement | Wake Forest Baptist Health / Doctor / Orthopedic Clinic
    • Kearns Amy J / Physician Assistant
    • Atrium Health Wake Forest Baptist | Sports Medicine and Joint Replacement - Asheboro / Orthopedic Clinic / Sports Medicine Clinic
    • Dr. Clark W. Pinyan, MD / Doctor
    • Dana Chinese Collins / Family Practice Physician

    Property Details for 223 Ward St

    Year built
    1999
    Property size
    5,059 SF
    Zone code
    OA6 (CZ)
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    7751747387100
    APU
    7751747387100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $530,000
      6.5%
      $600,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $515,000
      Geo Method
      $565,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $570,000
      Retail
      $495,000
      Mixed-Use
      $560,000
      Hospitality
      $615,000
      Educational
      $600,000
      Residential Income
      $450,000
      Energy
      $475,000
      Income-Based Land
      $470,000
      Food Service
      $610,000

    Location Insight

    • Map
    • Local Demand
    City
    Asheboro
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.816
    Latitude
    35.71
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, 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
    $0.00
    $100,920
    $785,270
    $886,190
    -
    $100,920
    $785,270
    $886,190

    Comparable in this City

    • Value Estimation by Request
      5,262 SF

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      600 Salisbury St, Asheboro, NC 27203-5590
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    • Value Estimation
      $2,330,000
      9,227 SF

      136 Park St

      MEDICAL BUILDING • 9,227 SF
      136 Park St, Asheboro, NC 27203-5651
      View Details
    • Value Estimation by Request
      6,938 SF

      600 Salisbury St

      MEDICAL BUILDING • 6,938 SF
      600 Salisbury St, Asheboro, NC 27203-5590
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    • Value Estimation by Request
      3,934 SF

      422 Church St

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      327 Rock Crusher Rd

      MEDICAL BUILDING • 4,020 SF
      327 Rock Crusher Rd, Asheboro, NC 27203-8477
      View Details
    • Value Estimation by Request
      3,886 SF

      600 Salisbury St

      MEDICAL BUILDING • 3,886 SF
      600 Salisbury St, Asheboro, NC 27203-5590
      View Details

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    223 Ward St
    Asheboro, NC 27203-5423
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    Realmo Value Estimation

    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.

    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.

    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
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