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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Industrial properties
2420 Penny Rd High Point, NC 27265-8120
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1845039
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Construction
FRAME
Total area
3,800 SF
Lot
0.86 ac (37,462 SF)
Zoning code
OI
APN
213031
UPID
US53-1845039
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
-
Royal Oak Dental Group - High Point Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Capital City Properties LLC · 3 yrs held
Capital City Properties LLC
since 2023
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
OI · High Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The OI district is established to primarily accommodate a wide variety of moderate and high intensity office, institutional, and residential uses. In addition, the district accommodates health care, personal services, and retail uses
Zone name
Office Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
283.02 ac
Source
Realmo
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
$1,330,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.15M (Feb 28 2023)
Last sale anchor
$1.15M
Feb 28 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
$317 / 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
$11,818
Tax year 2023
Assessed value
$843,700
Assessed 2023
Previous assessed
$876,700
-3.8% YoY
Effective rate
1.40%
On assessed value
Assessed land
$94,600
Assessed improvement
$749,100
Land market value
$94,600
Improvement market value
$749,100
Total market value
$843,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Bathrooms
2
Total area
3,800 SF
Lot
0.86 ac (37,462 SF)
Zoning code
OI
APN
213031
UPID
US53-1845039
Jurisdiction
GUILFORD
Zoning & alternative use
OI · High Point, NCZoning OI · permitted uses
OI · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The OI district is established to primarily accommodate a wide variety of moderate and high intensity office, institutional, and residential uses. In addition, the district accommodates health care, personal services, and retail uses
Zone name
Office Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
283.02 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2008
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Capital City Properties LLC
Entity
Mailing address
5612 GREENEVERS DR, RALEIGH, NC 27613-6197
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
$1,150,000
Capital City Properties LLC
Royal Oak High Point Real Estate Ll
Limited Warranty Deed
$747,500 · First Bank
Jan 7, 2021
$875,000
Royal Oak High Point Real Estate Ll
Amelia Claire Wilsong LLC
Warranty Deed
$875,000 · Providence Bank
Nov 14, 2017
—
Jordan Deep River Farm LLC
Jordan Hh Trust
Quit Claim Deed
related
—
—
—
Amelia Claire Wilson LLC
—
Deed Of Trust
related
$750,000 · 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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