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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Office buildings
833 Julian Ave Thomasville, NC 27360-5848
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1475283
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,896 SF
Lot
4.22 ac (183,823 SF)
Zoning code
C3
APN
16-190-0-000-0014
UPID
US53-1475283
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
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Black Path LLC · 1 yrs held
Black Path LLC
since 2025
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
C3 · Thomasville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 22
Top alternative use upside
Commercial (general)
$1.2M
+24.7%
Auto repair, garage
$995,000
+7.9%
Apartment house (5+ units)
$945,000
+2.3%
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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$925,000
Current use
COMMERCIAL (GENERAL)
$1,150,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$995,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$945,000
Change: +2% · Conversion: Easy
INDUSTRIAL (GENERAL)
$745,000
Change: -19% · Conversion: Difficult
RETAIL STORES
$740,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Dec 23 2024)
Last sale anchor
$750k
Dec 23 2024
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
$50 / 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
$24,131
Tax year 2023
Assessed value
$1,780,860
Assessed 2023
Previous assessed
$1,780,860
+0.0% YoY
Effective rate
1.36%
On assessed value
Land market value
$919,120
Improvement market value
$861,740
Total market value
$1,780,860
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
14,896 SF
Lot
4.22 ac (183,823 SF)
Zoning code
C3
APN
16-190-0-000-0014
UPID
US53-1475283
Jurisdiction
DAVIDSON
Zoning & alternative use
C3 · Thomasville, NCZoning C3 · permitted uses
C3 · Thomasville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 22
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$995,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$945,000
INDUSTRIAL (GENERAL)
Est. value
$745,000
RETAIL STORES
Est. value
$740,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
4
Lot
4.22 ac
Current owner
From public records · entity-resolved
Black Path LLC
Entity
Free & Clear · 1 yrs held
Mailing address
150 3RD AVE S, NASHVILLE, TN 37201-2011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 6, 2026
—
Black Path LLC
—
Deed
related
$750,000 · Industrial Performance Group Holdings In
Mar 18, 2025
—
Black Path LLC
Pinnacle Financial Partners INC
Deed
related
—
Dec 23, 2024
$750,000
Black Path LLC
Pinnacle Financial Partners INC
Special Warranty 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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