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Property profile & analytics
OFF-MARKET
Medical Office Space
700 Sunset Ave, Asheboro, NC 27203-5304
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-1577591
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Construction
WOOD
Total area
7,611 SF
Lot
1.16 ac (50,530 SF)
Zoning code
OA6
APN
7751533033
UPID
US53-1577591
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
-
Garrett Tina Medical Clinic
-
Robert H. Butler, MD Physician
-
Robert Hoyt Butler Physician
-
Dr. Bennett I. Fein, MD Physician
-
Randolph Health Gastroenterology Medical Clinic
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
Highland Ventures Real Estate IV Ll
Highland Ventures Real Estate IV Ll
since 2026
4 recorded transactions
Zoning & alternative use
OA6 · 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
$11,923
Tax year 2023
Assessed value
$899,680
Assessed 2023
Previous assessed
$737,960
+21.9% YoY
Effective rate
1.33%
On assessed value
Assessed land
$146,530
Assessed improvement
$753,150
Land market value
$146,530
Improvement market value
$753,150
Total market value
$899,680
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
1995
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,611 SF
Lot
1.16 ac (50,530 SF)
Zoning code
OA6
APN
7751533033
UPID
US53-1577591
Jurisdiction
RANDOLPH
Zoning & alternative use
OA6 · Asheboro, NC
Zoning OA6 · permitted uses
OA6 · 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
1995
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Highland Ventures Real Estate IV Ll
Entity
Mailing address
1309 MIDDLETON CIR, ASHEBORO, NC 27205-2730
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Mar 26, 2026
$1,400,000
Highland Ventures Real Estate IV Ll
Fpi At Sunset LLC
Special Warranty Deed
—
Aug 12, 2025
—
Fpi At Sunset LLC
Dogwood Real Estate Investments LLC
Special Warranty Deed
—
Aug 11, 2025
$1,125,000
Fpi At Sunset LLC
Robert H Butler
Warranty Deed
$872,283 · Skyline National Bank
—
—
Robert H Butler
—
Deed Of Trust
related
$650,000 · Bank Of The Carolinas
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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