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    Property profile & analytics

    703 Washington St Eden, NC 27288

    • Office buildings
    • 2,619 SF
    • 0.07 lot acres
    For Sale
    View listing
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1207475
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Douglas R Hux Law Offices / Bankruptcy Service / Immigration Attorney

    Property Details for 703 Washington St

    Year built
    1952
    Lot size
    0.07 lot acres
    Property size
    2,619 SF
    Zone code
    CENTRAL BUS EDEN
    Property type
    Office buildings
    APN
    7979-07-58-1202-00
    APU
    79790758120200

    Description

    This exceptional commercial property, located at 703 Washington Street in the heart of Eden, NC, presents a fantastic opportunity for a variety of businesses. The building boasts a highly desirable location with significant foot and vehicular traffic, ensuring maximum exposure. Previously utilized as a law office, the space features a well-established layout comprising five spacious offices, each benefiting from impressive high ceilings. A dedicated receptionist area and comfortable waiting room are situated at the front of the building, providing a professional and welcoming atmosphere for clients. The property offers both front and side entrances, enhancing accessibility and convenience. The building sits on a 0-acre lot. While the square footage is not currently specified, the substantial interior space and strategic location make this a truly compelling investment opportunity at an asking price of $149,900. The presence of a full bedroom adds versatility to the space, potentially allowing for on-site residential use or expansion of office capabilities. This property is ready for immediate occupancy and presents a unique chance to establish a thriving business in a vibrant downtown setting. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $172,000
      Market price range: $173k - $375k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eden
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.7649
    Latitude
    36.4902
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,096
    $15,812
    $62,242
    $78,054
    -
    $15,812
    $62,242
    $78,054

    Comparable in this City

    • Value Estimation
      $260,000
      1,804 SF

      713 Brg St

      OFFICE BUILDING • 1,804 SF
      713 Brg St, Eden, NC 27288-4909
      View Details
    • Value Estimation
      $255,000
      1,336 SF

      125 The Blvd

      OFFICE BUILDING • 1,336 SF
      125 The Blvd, Eden, NC 27288-4748
      View Details
    • Value Estimation
      $265,000
      7,378 SF

      601 Brg St

      OFFICE BUILDING • 7,378 SF
      601 Brg St, Eden, NC 27288-6116
      View Details
    • Value Estimation
      $285,000
      10,000 SF

      413 Church St

      OFFICE BUILDING • 10,000 SF
      413 Church St, Eden, NC 27288-3243
      View Details
    • Value Estimation
      $260,000
      1,860 SF

      249 Kings Hwy

      OFFICE BUILDING • 1,860 SF
      249 Kings Hwy, Eden, NC 27288-5009
      View Details
    • Value Estimation
      $155,000
      1,412 SF

      110 Mdw Rd

      OFFICE BUILDING • 1,412 SF
      110 Mdw Rd, Eden, NC 27288-3320
      View Details

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    Similar Nearby for Lease

    • $6,500 /Mo

      Former Bank Building For Lease

      Former bank building with vault and drive-thru available for lease.
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      Eden Shopping Center: Prime Retail Space

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      View Details
    • $4 SF/Yr
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      Prime Rockingham County Industrial Space

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    703 Washington St
    Eden, NC 27288
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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