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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Medical Office Space
237 Fayetteville St, Asheboro, NC 27203-5572
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0087114
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Total area
24,614 SF
Lot
1.56 ac (67,954 SF)
Zoning code
B3
APN
7751831768
UPID
US53-0087114
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
-
Stephanie Hudnell Physician
-
Kate Hoyt Yates, PA-C Physician
-
TRT Therapy Clinic Corporate Office
-
Anna S. Potts, MSN, APRN, FNP-C Physician
-
Dr. Nina B Uppin Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.51M
Owner & transaction history
Fayetteville Re LLC · 19 yrs held
Fayetteville Re LLC
since 2007
7 recorded transactions
Zoning & alternative use
B3 · Asheboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+36.1%
Office building
$2.2M
+33.0%
Auto repair, garage
$1.9M
+13.1%
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%
$1,400,000
6.5%
$1,295,000
7%
$1,200,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,650,000
Current use
COMMERCIAL (GENERAL)
$2,245,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$2,190,000
Change: +33% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,865,000
Change: +13% · Conversion: Difficult
RESTAURANT
$1,700,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$1,545,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$61 / 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
$47,816
Tax year 2023
Assessed value
$3,607,920
Assessed 2023
Previous assessed
$2,711,280
+33.1% YoY
Effective rate
1.33%
On assessed value
Assessed land
$556,800
Assessed improvement
$3,051,120
Land market value
$556,800
Improvement market value
$3,051,120
Total market value
$3,607,920
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
5
Total area
24,614 SF
Lot
1.56 ac (67,954 SF)
Zoning code
B3
APN
7751831768
UPID
US53-0087114
Jurisdiction
RANDOLPH
Zoning & alternative use
B3 · Asheboro, NC
Zoning B3 · permitted uses
B3 · 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
MEDICAL BUILDING Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
5
Lot
1.56 ac
Current owner
From public records · entity-resolved
Fayetteville Re LLC
Entity
Mailing address
802 NORTHERN SHRS LN, GREENSBORO, NC 27455-3468
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
—
Fayetteville Re LLC
—
Deed
related
$500,000 · First Bank
Aug 31, 2016
—
Fayetteville Re LLC
—
Deed
related
$4,203,800 · Branch Bk&tr
Jun 22, 2012
—
Fayetteville Re LLC
—
Grant Deed
related
$2,200,000 · Communityone Bank
Feb 15, 2007
$2,800,000
Fayetteville Re LLC
Amgrace LLC
Warranty Deed
$2,500,000 · Carolina Bank Asheboro
Feb 14, 2007
—
Fayetteville Re LLC
Amgrace LLC
Grant Deed
related
—
Aug 10, 2005
—
Amgrace LLC
Environmental Protections LLC
Grant Deed
related
$2,500,000 · Carolina Bank Asheboro
—
—
Kenneth Kennedy
—
Deed Of Trust
related
$156,000 · Phoenix Housing Group INC
—
—
Fayetteville Re LLC
—
Deed Of Trust
related
$4,203,800 · Branch Bk&tr
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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