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Property profile & analytics
OFF-MARKET
Apartment buildings
605 Central Ave Asheboro, NC 27203-3497
Entity Owned
3-yr Hold
Property ID
US53-5745852
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD FRAME
Total area
9,440 SF
Lot
3.62 ac (157,687 SF)
Zoning code
RA6
APN
7762481964
UPID
US53-5745852
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
-
Caswell at Central Avenue Apartment Building
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
East Central Avenue Properties LLC · 3 yrs held
East Central Avenue Properties LLC
since 2022
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
RA6 · 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
—
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
$35,016
Tax year 2023
Assessed value
$2,642,090
Assessed 2023
Previous assessed
$2,642,090
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$480,000
Assessed improvement
$2,162,090
Land market value
$480,000
Improvement market value
$2,162,090
Total market value
$2,642,090
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
1972
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
2
Units
8
Total area
9,440 SF
Lot
3.62 ac (157,687 SF)
Zoning code
RA6
APN
7762481964
UPID
US53-5745852
Jurisdiction
RANDOLPH
Zoning & alternative use
RA6 · Asheboro, NC
Zoning RA6 · permitted uses
RA6 · 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
1972
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Units
8
Lot
3.62 ac
Current owner
From public records · entity-resolved
East Central Avenue Properties LLC
Entity
Mailing address
711 HARVEY ST, RALEIGH, NC 27608-2403
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2022
$3,500,000
East Central Avenue Properties LLC
J Mac Properties LLC
Warranty Deed
$3,327,750 · Southern States Bank
Apr 25, 2022
$1,375,000
J Mac Properties LLC
Piedmont Park Apartments LLC
Warranty Deed
$220,000 · Mc Mc Properties LLC
May 13, 2016
$1,300,000
Piedmont Park Apartments LLC
605 East Central Avenue LLC
Warranty Deed
$1,040,000 · Branch Bk&tr
Jan 26, 2015
$1,225,000
605 East Central Avenue LLC
Piedmont Place Apartments LLC
Warranty Deed
$700,000 · Avatar Capital Finance LLC
Jul 9, 2014
$870,000
Piedmont Place Apartments LLC
Asheboro Holdings LLC
Grant Deed
—
Jan 30, 2012
—
Asheboro Holdings LLC
Kiner Asheboro Properties LLC
Quit Claim Deed
—
Mar 15, 2005
$2,050,000
Kiner Asheboro Properties LLC
Schwarz Properties LLC
Grant Deed
related
$2,070,000 · Raally Property LLC
Mar 4, 2005
$1,100,000
Schwarz Properties LLC
Trogdon Family LLC
Warranty Deed
related
—
—
—
Piedmont Place Apartments LLC
—
Loan Modification
related
$620,000 · Slp-boa LLC
—
—
Kiner Asheboro Properties LLC
—
Deed Of Trust
related
$1,600,000 · Trans Lending Corp
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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