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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Apartment buildings
2625 Suffolk Ave High Point, NC 27265-3572
Entity Owned
13-yr Hold
Absentee Owner
Property ID
US53-0846631
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Total area
5,630 SF
Lot
9.85 ac (429,066 SF)
Zoning code
RM
APN
176887
UPID
US53-0846631
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
-
New Vision Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$524k
Blend (final)
Blend
$535k
Owner & transaction history
Cloisters Apartments LLC · 13 yrs held
Cloisters Apartments LLC
since 2013
4 recorded transactions
Zoning & alternative use
RM · High Point, NC
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
by Request
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$485,000
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$95 / 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
$97,060
Tax year 2023
Assessed value
$6,607,600
Assessed 2023
Previous assessed
$6,607,600
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$1,231,300
Assessed improvement
$5,376,300
Land market value
$1,231,300
Improvement market value
$5,376,300
Total market value
$6,607,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
29
Stories
1
Units
6
Rooms
4
Bathrooms
2
Total area
5,630 SF
Lot
9.85 ac (429,066 SF)
Zoning code
RM
APN
176887
UPID
US53-0846631
Jurisdiction
GUILFORD
Zoning & alternative use
RM · High Point, NCZoning RM · permitted uses
RM · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning (MapServer)
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
29
Units
6
Rooms
4
Bathrooms
2
Lot
9.85 ac
Current owner
From public records · entity-resolved
Cloisters Apartments LLC
Entity
Mailing address
400 BLVD OF AMERICAS UNIT #405, LAKEWOOD, NJ 08701-4787
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Sep 2, 2025
—
Cloisters Foxfire Owner LLC
—
Deed
related
$26,870,000 · Arbor Agency Lending LLC
May 3, 2022
—
Cloisters Foxfire Owner LLC
—
Deed
related
$28,614,579 · Capital Funding
Apr 16, 2013
$3,500,000
Cloisters Apartments LLC
U S Bank N A
Special Warranty Deed
—
Sep 1, 2011
$4,000,000
Us Bank NA Series 2002-mw1 Tr
Simpson David T JR
Trustees 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.
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