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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Medical Office Space
550 White Oak St Asheboro, NC 27203-4710
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1656926
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
WOOD
Total area
13,523 SF
Lot
1.34 ac (58,370 SF)
Zoning code
OA6
APN
7751852810
UPID
US53-1656926
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
-
White Oak Family Physicians: Khan Jaber A MD Pediatrician Physician
-
Dr. James B. Kinlaw, MD Pediatrician Physician
-
John F. Redding Jr, MD Pediatrician Physician
-
Dr. John D. Cameron, MD Pediatrician Physician
-
Kendall K. Garing, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$846k
Blend (final)
Blend
$780k
Owner & transaction history
White Oak Family Associates LLC · 2 yrs held
White Oak Family Associates LLC
since 2023
7 recorded transactions
Zoning & alternative use
OA6 · Asheboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The OA6 District is intended to produce moderate intensity office and residential development to serve adjacent residential areas and to provide a transition from residential to commercial uses, Land designated OA6 shall normally be located with access to a minor thoroughfare or higher classification street with access to local residential streets discourage…
Zone name
Office Apartment High Density
General category
COMMERCIAL
Zone area
249.42 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.2M
+36.1%
Office building
$1.2M
+33.0%
Auto repair, garage
$1.0M
+13.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$905,000
Current use
COMMERCIAL (GENERAL)
$1,230,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$1,205,000
Change: +33% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,025,000
Change: +13% · Conversion: Difficult
RESTAURANT
$935,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$850,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$58 / 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
$23,584
Tax year 2023
Assessed value
$1,779,500
Assessed 2023
Previous assessed
$1,422,180
+25.1% YoY
Effective rate
1.33%
On assessed value
Assessed land
$263,080
Assessed improvement
$1,516,420
Land market value
$263,080
Improvement market value
$1,516,420
Total market value
$1,779,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Total area
13,523 SF
Lot
1.34 ac (58,370 SF)
Zoning code
OA6
APN
7751852810
UPID
US53-1656926
Jurisdiction
RANDOLPH
Zoning & alternative use
OA6 · Asheboro, NCZoning OA6 · permitted uses
OA6 · Asheboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The OA6 District is intended to produce moderate intensity office and residential development to serve adjacent residential areas and to provide a transition from residential to commercial uses, Land designated OA6 shall normally be located with access to a minor thoroughfare or higher classification street with access to local residential streets discouraged
Zone name
Office Apartment High Density
General category
COMMERCIAL
Zone area
249.42 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RESTAURANT
Est. value
$935,000
RETAIL STORES
Est. value
$850,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
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
1988
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
White Oak Family Associates LLC
Entity
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
—
White Oak Family Associates LLC
White Oak Associates
Intrafamily Transfer
related
—
Apr 30, 2020
—
White Oak Associaties
—
Deed
related
$1,491,750 · Cogent Bank
Apr 2, 2019
—
White Oak Associates
—
Deed
related
$550,000 · Cogent Bank
Feb 7, 2017
—
White Oak Associates
—
Deed
related
$531,461 · Bank Of Nc
Jun 16, 2004
—
White Oak Associates
—
Deed Of Trust
related
$1,213,225 · Randolph Bank & Trust Co
—
—
White Oak Associates
—
Deed Of Trust
related
$800,000 · Newbridge Bank
—
—
White Oak Associates
—
Deed Of Trust
related
$531,461 · 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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