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Property profile & analytics
OFF-MARKET
Estimated value
$2,495,000
Office buildings
40227 Tigrone Blvd Avon, NC 27915-1403
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3198356
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
13,887 SF
Lot
1.08 ac (47,045 SF)
APN
14643632
UPID
US53-3198356
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
$2.51M
CAP Approach
CAP
$2.79M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$2.50M
Owner & transaction history
Vacasa North Carolina LLC · 4 yrs held
Vacasa North Carolina LLC
since 2021
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
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 Avon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon 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
$2,565,000
ML approach
$2,505,000
CAP Approach
CAP Return
Estimation
6%
$3,020,000
6.5%
$2,790,000
7%
$2,590,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,295,000
Current use
Blend value · Realmo final
$2.50M
Range $2.25M – $2.74M · ±10% · vs last sale $2.46M (Dec 7 2021)
Last sale anchor
$2.46M
Dec 7 2021
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
$180 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$22,944
Tax year 2024
Assessed value
$2,724,600
Assessed 2024
Previous assessed
$2,724,600
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,129,100
Assessed improvement
$1,595,500
Land market value
$1,129,100
Improvement market value
$1,595,500
Total market value
$2,724,600
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
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
13,887 SF
Lot
1.08 ac (47,045 SF)
APN
14643632
UPID
US53-3198356
Jurisdiction
DARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.3M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
3
Lot
1.08 ac
Current owner
From public records · entity-resolved
Vacasa North Carolina LLC
Entity
Mailing address
850 NW 13TH AVE, PORTLAND, OR 97209-3680
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 7, 2021
$2,460,000
Vacasa North Carolina LLC
J Alexander Risser
Special Warranty Deed
$5,560,000 · Outer Beaches Realty INC
Dec 4, 2017
—
J Alexander Risser
J Alexander Risser
Gift Deed
related
—
Jun 17, 2016
—
J Alexander Risser
—
Deed
related
$881,922 · Obx Bank
Nov 14, 2013
—
J Alexander Risser
J Alexander Risser
Intrafamily Transfer
related
$590,000 · Obx Bank
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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