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Property profile & analytics
OFF-MARKET
Apartment buildings
318 Hoover St Asheboro, NC 27203-5490
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-1485114
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1935
Construction
WOOD
Total area
4,508 SF
Lot
0.24 ac (10,454 SF)
Zoning code
I2
APN
7751732340
UPID
US53-1485114
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
TROGDON FAMILY LLC
TROGDON FAMILY LLC
Zoning & alternative use
I2 · Asheboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the I2 Industrial Development District is to produce areas for intensive manufacturing, warehousing, processing and assembly uses, controlled by performance standards to limit the effect of such uses on adjacent districts
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
1,379.58 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 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
$2,719
Tax year 2023
Assessed value
$205,180
Assessed 2023
Previous assessed
$205,180
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$60,000
Assessed improvement
$145,180
Land market value
$60,000
Improvement market value
$145,180
Total market value
$205,180
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
1935
Construction
WOOD
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
6
Bathrooms
1
Total area
4,508 SF
Lot
0.24 ac (10,454 SF)
Zoning code
I2
APN
7751732340
UPID
US53-1485114
Jurisdiction
RANDOLPH
Zoning & alternative use
I2 · Asheboro, NCZoning I2 · permitted uses
I2 · Asheboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the I2 Industrial Development District is to produce areas for intensive manufacturing, warehousing, processing and assembly uses, controlled by performance standards to limit the effect of such uses on adjacent districts
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
1,379.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1935
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
6
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
TROGDON FAMILY LLC
Entity
Free & Clear · 0 yrs held
Mailing address
665 GRN VLY RD, ASHEBORO, NC 27205-7839
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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