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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Office Spaces
274 Pittsboro Elementary School Rd Pittsboro, NC 27312-5680
Individually Owned
~
Est. High Equity
Property ID
US53-3173070
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Construction
WOOD
Total area
5,014 SF
Lot
2.75 ac (119,877 SF)
Zoning code
O-I
APN
62853
UPID
US53-3173070
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
$935k
Comparable Approach
Comparable
$815k
Blend (final)
Blend
$845k
Owner & transaction history
Town Of Pittsboro
Town Of Pittsboro
since 2025
7 recorded transactions
Zoning & alternative use
O-I · Pittsboro, 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 Pittsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsboro 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%
$1,015,000
6.5%
$935,000
7%
$870,000
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$169 / 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
$7,847
Tax year 2023
Assessed value
$697,531
Assessed 2023
Previous assessed
$697,531
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$341,432
Assessed improvement
$356,099
Land market value
$341,432
Improvement market value
$356,099
Total market value
$697,531
Applied tax rate
201.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
5,014 SF
Lot
2.75 ac (119,877 SF)
Zoning code
O-I
APN
62853
UPID
US53-3173070
Jurisdiction
CHATHAM
Zoning & alternative use
O-I · Pittsboro, NC
Zoning O-I · permitted uses
O-I · Pittsboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pittsboro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.75 ac
Current owner
From public records · entity-resolved
Town Of Pittsboro
Individual
Mailing address
PO BOX 640, PITTSBORO, NC 27312-0640
Ownership since
2025
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 27, 2025
$1,400,000
Town Of Pittsboro
Rural Advancement Foundation Intern
Special Warranty Deed
$1,050,000 · Truist Bank
Oct 27, 2025
—
Town Of Pittsboro
Rural Advancement Foundation Intern
Deed
—
Feb 7, 2025
—
Rural Advancement Foundation Intern
—
Deed
related
$500,000 · First Citizens Bank & Trust Co
Dec 7, 2017
—
Rural Advancement Foun Interna
—
Deed
related
$75,000 · First Citizens Bk
—
—
Rural Advancement Foun Intl
—
Deed Of Trust
related
$300,000 · First Citizens Bank & Trust Co
—
—
Rural Advancement Foun Interna
—
Deed Of Trust
related
$75,000 · First Citizens Bk
—
—
Rural Advancement Foun Intl
—
Deed Of Trust
related
$300,000 · First Citizens Bank & Trust Co
—
—
Rural Advancement Fondation In
—
Deed Of Trust
related
$150,000 · First Citizens 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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