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Property profile & analytics
FOR SALE
Medical Office Space
724 Thomas St Asheboro, NC 27203
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2725616
For Sale
1 / 2
$2,700,000
724 Thomas St, Asheboro, NC 27203
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
8,160 SF
Lot
1.81 ac (78,844 SF)
Zoning code
O&I
APN
7761412301
UPID
US53-2725616
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
-
DeQuincy Andrew Lewis, MD Physician
-
Christine Holzer Mccarty Physician
-
Central Piedmont Surgery Center Medical Clinic Hospital
-
Christine H. McCarty, MD Physician
-
DeQuincy A. Lewis, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Flagship Asheboro Asc LLC · 5 yrs held
Flagship Asheboro Asc LLC
since 2020
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
O&I · 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
Method
Estimation
Statistic approach
$1,415,000
ML approach
$1,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.58M (Dec 29 2020)
Last sale anchor
$1.58M
Dec 29 2020
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
$184 / 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
$23,082
Tax year 2023
Assessed value
$1,741,660
Assessed 2023
Previous assessed
$1,423,190
+22.4% YoY
Effective rate
1.33%
On assessed value
Assessed land
$189,610
Assessed improvement
$1,552,050
Land market value
$189,610
Improvement market value
$1,552,050
Total market value
$1,741,660
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
For Sale
Year built
2011
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
8,160 SF
Lot
1.81 ac (78,844 SF)
Zoning code
O&I
APN
7761412301
UPID
US53-2725616
Jurisdiction
RANDOLPH
Zoning & alternative use
O&I · Asheboro, NC
Zoning O&I · permitted uses
O&I · 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
2011
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Flagship Asheboro Asc LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2701 COLTSGATE RD, CHARLOTTE, NC 28211-3534
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2020
—
Flagship Asheboro Asc LLC
Broyhill Asheboro Asc LLC
Grant Deed
related
—
Jan 19, 2016
$1,582,500
Flagship Asheboro Asc LLC
Broyhill Asheboro Asc LLC
Grant Deed
—
Dec 10, 2015
$3,300,000
Flagship Asheboro Asc LLC
Asheboro Medical Props LLC
Grant Deed
—
Dec 10, 2015
—
Flagship Asheboro Asc LLC
Asheboro Medical Porperties LLC
Deed
—
Feb 14, 2011
$525,000
Asheboro Medical Props LLC
Carolina Bk
Warranty Deed
$2,700,000 · Carolina Bank
Apr 24, 2009
$1,005,000
Carolina Bank
Cooke Barden W
Trustees Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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