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Property profile & analytics
OFF-MARKET
Estimated value
$4,550,000
Grocery and convenience stores
731 Dixie Dr, Asheboro, NC 27205-6739
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-0276206
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Total area
43,046 SF
Lot
4.09 ac (178,160 SF)
Zoning code
B2
APN
7750459822
UPID
US53-0276206
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
-
Huddle House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$4.55M
Owner & transaction history
Asheboro Dixie Marketplace Ptr · 8 yrs held
Asheboro Dixie Marketplace Ptr
since 2017
3 recorded transactions
Zoning & alternative use
B2 · Asheboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.4M
+45.7%
Restaurant
$5.2M
+40.8%
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
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
RETAIL STORES
$3,700,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,395,000
Change: +46% · Conversion: Difficult
RESTAURANT
$5,215,000
Change: +41% · Conversion: Easy
OFFICE BUILDING
$3,095,000
Change: -16% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,070,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$4.55M
Range $4.10M – $5.01M · ±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
$106 / 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
$73,732
Tax year 2023
Assessed value
$5,563,410
Assessed 2023
Previous assessed
$4,028,940
+38.1% YoY
Effective rate
1.33%
On assessed value
Assessed land
$2,672,500
Assessed improvement
$2,890,910
Land market value
$2,672,500
Improvement market value
$2,890,910
Total market value
$5,563,410
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
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
4
Total area
43,046 SF
Lot
4.09 ac (178,160 SF)
Zoning code
B2
APN
7750459822
UPID
US53-0276206
Jurisdiction
RANDOLPH
Zoning & alternative use
B2 · Asheboro, NC
Zoning B2 · permitted uses
B2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
RESTAURANT
Est. value
$5.2M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1995
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
4
Lot
4.09 ac
Current owner
From public records · entity-resolved
Asheboro Dixie Marketplace Ptr
Individual
Mailing address
PO BOX 5778, HIGH POINT, NC 27262-5778
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2017
—
Asheboro Dixie Marketplace Ptr
Brownstone Capital Invs LLC
Warranty Deed
$3,000,000 · Carter Bk&tr
Jun 29, 2017
$3,725,000
Brownstone Capital Invs LLC
Randolph Real Partners LLP
Warranty Deed
—
—
—
Real Partners LLP Randolph
—
Deed Of Trust
related
$3,000,000 · Branch Banking & Trust Co
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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