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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Apartment buildings
722 Salem St 4-A-H, Thomasville, NC 27360-2855
Entity Owned
7-yr Hold
Property ID
US53-5613127
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
FRAME
Total area
7,824 SF
Lot
3.64 ac (158,558 SF)
Zoning code
R8
APN
16-022-0-000-0060
UPID
US53-5613127
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
-
Salem Point Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$625k
Owner & transaction history
Salem Point Apts LLC · 7 yrs held
Salem Point Apts LLC
since 2018
4 recorded transactions
Zoning & alternative use
R8 · Thomasville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$605,000
+21.9%
Auto repair, garage
$525,000
+5.5%
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 Thomasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thomasville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$495,000
Current use
COMMERCIAL (GENERAL)
$605,000
Change: +22% · Conversion: Moderate
AUTO REPAIR, GARAGE
$525,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$485,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±10%
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
$80 / 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
$22,318
Tax year 2023
Assessed value
$1,647,120
Assessed 2023
Previous assessed
$1,647,120
+0.0% YoY
Effective rate
1.35%
On assessed value
Land market value
$53,850
Improvement market value
$1,593,270
Total market value
$1,647,120
Applied tax rate
16.0000
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
1990
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
1
Stories
2
Units
8
Total area
7,824 SF
Lot
3.64 ac (158,558 SF)
Zoning code
R8
APN
16-022-0-000-0060
UPID
US53-5613127
Jurisdiction
DAVIDSON
Zoning & alternative use
R8 · Thomasville, NC
Zoning R8 · permitted uses
R8 · Thomasville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thomasville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$525,000
OFFICE BUILDING
Est. value
$485,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
1
Units
8
Lot
3.64 ac
Current owner
From public records · entity-resolved
Salem Point Apts LLC
Entity
Mailing address
2522 SUFFOLK AVE, HIGH POINT, NC 27265-3804
Ownership since
2018
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
Oct 30, 2018
$1,627,500
Salem Point Apts LLC
Salem Point Apartments LLC
Grant Deed
—
Nov 15, 2011
—
Mohammad Popalzai
Ajmal,mohammed & Parveen
Quit Claim Deed
related
—
Jun 13, 2006
$1,400,000
Salem Point Apartments LLC
Peters Ents INC
Warranty Deed
$1,120,000 · Lasalle National Bank
—
—
Salem Point Apts LLC
—
Deed Of Trust
related
$2,132,000 · Other Institutional Lenders
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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