Back to Search
Property profile & analytics
OFF-MARKET
Apartment buildings
252 Elm St Asheboro, NC 27203-5788
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1779112
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Construction
WOOD
Total area
5,700 SF
Lot
0.44 ac (19,166 SF)
Zoning code
RA6
APN
7751914990
UPID
US53-1779112
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Luckenbach Properties LLC · 2 yrs held
Luckenbach Properties LLC
since 2023
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
RA6 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,721
Tax year 2023
Assessed value
$507,120
Assessed 2023
Previous assessed
$507,120
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$100,000
Assessed improvement
$407,120
Land market value
$100,000
Improvement market value
$407,120
Total market value
$507,120
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
1979
Construction
WOOD
Heating
ELECTRIC
Cooling
WINDOW A/C
Stories
1
Units
10
Bathrooms
1
Total area
5,700 SF
Lot
0.44 ac (19,166 SF)
Zoning code
RA6
APN
7751914990
UPID
US53-1779112
Jurisdiction
RANDOLPH
Zoning & alternative use
RA6 · Asheboro, NC
Zoning RA6 · permitted uses
RA6 · 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.
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Units
10
Bathrooms
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Luckenbach Properties LLC
Entity
Mailing address
PO BOX 100, FRANKLINVILLE, NC 27248-0100
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2023
$1,250,000
Luckenbach Properties LLC
Aerion Ns Holdings LLC
Warranty Deed
$500,000 · The Fidelity Bank
Mar 31, 2022
$619,000
Lillian B Holdings
Patrick Marvin Obriant
Warranty Deed
—
Mar 31, 2022
—
Thomas L Obriant JR Revocable Trust
David H Boul
Warranty Deed
—
Apr 8, 2016
—
Obriant,thomas L JR Trust
Obriant,thomas L JR
Quit Claim Deed
related
—
Aug 19, 2009
—
Thomas L Obriant JR.
Jordan,lillian B
Warranty Deed
related
—
Aug 6, 2009
—
Lillian B Est Jordan
Jordan,lillian B
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 252 Elm St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
