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Property profile & analytics
OFF-MARKET
Estimated value
$5,600,000
Apartment buildings
450 Mtn Top Dr Asheboro, NC 27203-5063
Entity Owned
2-yr Hold
Property ID
US53-1563929
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2003
Construction
WOOD
Total area
88,172 SF
Lot
8.22 ac (358,063 SF)
Zoning code
B2
APN
7761635799
UPID
US53-1563929
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
-
Debbie C Realty Real Estate Agency
-
Hazel’s Apartment Building
-
Clapp's Mountain Top Living Residential Apartments Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.60M
Owner & transaction history
Clapps Mountain Top Living LLC · 2 yrs held
Clapps Mountain Top Living LLC
since 2023
5 recorded transactions
Zoning & alternative use
B2 · 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
$64 / 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
$96,335
Tax year 2023
Assessed value
$7,268,930
Assessed 2023
Previous assessed
$7,268,930
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$385,600
Assessed improvement
$6,883,330
Land market value
$385,600
Improvement market value
$6,883,330
Total market value
$7,268,930
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
2003
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
3
Units
60
Bathrooms
1
Total area
88,172 SF
Lot
8.22 ac (358,063 SF)
Zoning code
B2
APN
7761635799
UPID
US53-1563929
Jurisdiction
RANDOLPH
Zoning & alternative use
B2 · Asheboro, NC
Zoning B2 · permitted uses
B2 · 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
2003
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
2
Units
60
Bathrooms
1
Lot
8.22 ac
Current owner
From public records · entity-resolved
Clapps Mountain Top Living LLC
Entity
Mailing address
3108 SQUIRREL DEN RD, ASHEBORO, NC 27205-0412
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Clapps Mountain Top Living LLC
Clapp Healthcare LLC
Assignment Of Lease (leasehold Sale)
$16,000,000 · The Fidelity Bank
Jul 1, 2019
—
Clapps Mountain Top Living LLC
—
Grant Deed
related
$6,800,000 · Branch Bk&tr
Dec 17, 2010
—
Clapps Mountain Top Living LLC
Clapp Nursing Home Family Limited P
Warranty Deed
$8,200,000 · Branch Banking And Trust Co
—
—
Clapps Mtn Top Living LLC
—
Deed Of Trust
related
$5,900,000 · First National Bank
—
—
Clapps Nursing Home Family
—
Deed Of Trust
related
$6,177,750 · First National 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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