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Property profile & analytics
OFF-MARKET
Apartment buildings
624 Sunset Ave Asheboro, NC 27203-5389
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US53-1812669
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1996
Construction
WOOD
Total area
6,624 SF
Lot
0.56 ac (24,394 SF)
Zoning code
OA6
APN
7751535019
UPID
US53-1812669
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Colonial Apartments Of Ashebor · 16 yrs held
Colonial Apartments Of Ashebor
since 2009
1 recorded transaction
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
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
$5,151
Tax year 2023
Assessed value
$388,630
Assessed 2023
Previous assessed
$388,630
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$60,000
Assessed improvement
$328,630
Land market value
$60,000
Improvement market value
$328,630
Total market value
$388,630
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
1996
Construction
WOOD
Heating
ELECTRIC
Cooling
WINDOW A/C
Stories
2
Units
10
Bathrooms
1
Total area
6,624 SF
Lot
0.56 ac (24,394 SF)
Zoning code
OA6
APN
7751535019
UPID
US53-1812669
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
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
2
Units
10
Bathrooms
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Colonial Apartments Of Ashebor
Individual
Mailing address
PO BOX 4640, ASHEBORO, NC 27204-4640
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2009
$250,000
Colonial Apartments Of Ashebor
Tucker,clayton Terry
Grant Deed
$200,000 · Carolina 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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