Back to Search
Property profile & analytics
OFF-MARKET
Apartment buildings
801 Hoover St Asheboro, NC 27203-5216
Individually Owned
13-yr Hold
Free & Clear
Property ID
US53-5294889
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1945
Construction
WOOD
Total area
5,080 SF
Lot
0.15 ac (6,534 SF)
Zoning code
OA6
APN
7751439423
UPID
US53-5294889
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
R Lee Davidson · 13 yrs held
R Lee Davidson
since 2013
4 recorded transactions
Zoning & alternative use
OA6 · Asheboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The OA6 District is intended to produce moderate intensity office and residential development to serve adjacent residential areas and to provide a transition from residential to commercial uses, Land designated OA6 shall normally be located with access to a minor thoroughfare or higher classification street with access to local residential streets discourage…
Zone name
Office Apartment High Density
General category
COMMERCIAL
Zone area
249.42 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$717
Tax year 2023
Assessed value
$54,110
Assessed 2023
Previous assessed
$54,110
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$30,000
Assessed improvement
$24,110
Land market value
$30,000
Improvement market value
$24,110
Total market value
$54,110
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
OTHER
Cooling
CENTRAL
Stories
2
Units
5
Total area
5,080 SF
Lot
0.15 ac (6,534 SF)
Zoning code
OA6
APN
7751439423
UPID
US53-5294889
Jurisdiction
RANDOLPH
Zoning & alternative use
OA6 · Asheboro, NCZoning OA6 · permitted uses
OA6 · Asheboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The OA6 District is intended to produce moderate intensity office and residential development to serve adjacent residential areas and to provide a transition from residential to commercial uses, Land designated OA6 shall normally be located with access to a minor thoroughfare or higher classification street with access to local residential streets discouraged
Zone name
Office Apartment High Density
General category
COMMERCIAL
Zone area
249.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1945
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
2
Units
5
Lot
0.15 ac
Current owner
From public records · entity-resolved
R Lee Davidson
Individual
Free & Clear · 13 yrs held
Mailing address
711 W DIXIE DR, ASHEBORO, NC 27205-6739
Ownership since
2013
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
Jan 16, 2013
$15,000
R Lee Davidson
Suntrust Bk
Grant Deed
—
Nov 14, 2011
$69,000
Suntrust Bk
Gorham,f Kevin
Trustees Deed
related
—
Jul 26, 2006
$125,000
Casey E Conover
Hoyt W Robbins
Warranty Deed
$116,000 · Suntrust Bank
Jul 24, 2006
$125,000
Casey E Conover
Robbins,hoyt W
Grant Deed
$116,000 · Suntrust Bank NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 801 Hoover St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
