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Property profile & analytics
FOR SALE
Medical Office Space
702 S Main St Randleman, NC 27317
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2123597
For Sale
1 / 2
Contact for pricing
702 S Main St, Randleman, NC 27317
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
WOOD
Total area
2,948 SF
Lot
0.73 ac (31,799 SF)
Zoning code
B2
APN
7764193848
UPID
US53-2123597
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
-
Labcorp Medical Laboratory
-
Jernejcic Tara C Employment Agency
-
Dr. Jerome I. Davis, MD Pediatrician Physician
-
Dr. Kathleen E. Zeller, MD Physician
-
Regina York Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$190k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$200k
Owner & transaction history
Noeller Holdings LLC · 4 yrs held
Noeller Holdings LLC
since 2021
Last sale
$235,000
2 recorded transactions
Zoning & alternative use
B2 · Randleman, NC
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 Randleman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randleman 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
$200,000
ML approach
$190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$200k
Range $180k – $220k · ±10% · vs last sale $235k (Dec 7 2021)
Last sale anchor
$235k
Dec 7 2021
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
$68 / 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
$3,307
Tax year 2023
Assessed value
$292,670
Assessed 2023
Previous assessed
$236,500
+23.8% YoY
Effective rate
1.13%
On assessed value
Assessed land
$62,120
Assessed improvement
$230,550
Land market value
$62,120
Improvement market value
$230,550
Total market value
$292,670
Applied tax rate
6.0000
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
For Sale
Year built
1962
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,948 SF
Lot
0.73 ac (31,799 SF)
Zoning code
B2
APN
7764193848
UPID
US53-2123597
Jurisdiction
RANDOLPH
Zoning & alternative use
B2 · Randleman, NCZoning B2 · permitted uses
B2 · Randleman, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 154: ZONING
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Noeller Holdings LLC
Entity
Mailing address
2135 SUNBEAM CT, ASHEBORO, NC 27205-7035
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
$235,000
Noeller Holdings LLC
A & B Acquisitions LLC
Warranty Deed
$515,000 · Larry Mckenzie
—
—
A&b Acquisitions LLC
—
Deed Of Trust
related
$200,000 · Carolina Bank Asheboro
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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