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Property profile & analytics
OFF-MARKET
Estimated value
$3,245,000
Office Spaces
507 Lindsay St High Point, NC 27262-4303
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US53-0510800
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Construction
FRAME
Total area
21,544 SF
Lot
1.47 ac (64,033 SF)
Zoning code
OI
APN
192373
UPID
US53-0510800
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
-
Katelin Starre Physician
-
Chad Allen Physician
-
Lauren Tessneer Physician
-
Andy Phung Pediatrician Physician
-
John Murphy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.36M
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$3.25M
Owner & transaction history
Peters Medical Research LLC · 16 yrs held
Peters Medical Research LLC
since 2010
4 recorded transactions
Zoning & alternative use
OI · High Point, 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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,635,000
6.5%
$3,355,000
7%
$3,115,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,400,000
Current use
RETAIL STORES
$3,160,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$3.25M
Range $2.92M – $3.57M · ±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
$151 / 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
$53,660
Tax year 2023
Assessed value
$3,980,700
Assessed 2023
Previous assessed
$4,479,700
-11.1% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,021,700
Assessed improvement
$2,959,000
Land market value
$1,021,700
Improvement market value
$2,959,000
Total market value
$3,980,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
5
Bathrooms
8
Total area
21,544 SF
Lot
1.47 ac (64,033 SF)
Zoning code
OI
APN
192373
UPID
US53-0510800
Jurisdiction
GUILFORD
Zoning & alternative use
OI · High Point, NC
Zoning OI · permitted uses
OI · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
High Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
RETAIL STORES
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
8
Lot
1.47 ac
Current owner
From public records · entity-resolved
Peters Medical Research LLC
Entity
Mailing address
507 N LINDSAY ST, HIGH POINT, NC 27262-4303
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Nov 16, 2022
—
Peters Holdings LLC
—
Deed
related
$4,500,000 · Southern First Bank NA
Feb 8, 2022
—
Peters Development LLC
—
Deed
related
$4,500,000 · Southern First Bank NA
Jun 9, 2010
$3,200,000
Peters Medical Research LLC
Peters Enterprises INC
Grant Deed
related
$2,337,500 · Branch Banking & Trust Co
—
—
Peters Holdings LLC
—
Deed Of Trust
related
$3,970,000 · Bank Of Nc
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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