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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Office Spaces
905 Phillips Ave High Point, NC 27262-7075
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1516682
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Construction
FRAME
Total area
12,734 SF
Lot
1.75 ac (76,230 SF)
Zoning code
CU-GO-M
APN
194049
UPID
US53-1516682
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
-
James Sloan Manning, MD Physician
-
Erin Louk Dennis, DO Physician
-
Julia Fuster Physician
-
John McFadden, MD Physician
-
Devyn Brown, MMS, PA-C Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$1.90M
Owner & transaction history
Wake Forest Health Network LLC · 1 yrs held
Wake Forest Health Network LLC
since 2024
4 recorded transactions
Zoning & alternative use
CU-GO-M · High Point, 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 High Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs High Point 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
$1,690,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,150,000
6.5%
$1,985,000
7%
$1,840,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,010,000
Current use
RETAIL STORES
$1,865,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±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
$149 / 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
$28,304
Tax year 2023
Assessed value
$2,099,700
Assessed 2023
Previous assessed
$2,099,700
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$534,400
Assessed improvement
$1,565,300
Land market value
$534,400
Improvement market value
$1,565,300
Total market value
$2,099,700
Applied tax rate
2.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
12,734 SF
Lot
1.75 ac (76,230 SF)
Zoning code
CU-GO-M
APN
194049
UPID
US53-1516682
Jurisdiction
GUILFORD
Zoning & alternative use
CU-GO-M · High Point, NC
Zoning CU-GO-M · permitted uses
CU-GO-M · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
High Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
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
2001
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Wake Forest Health Network LLC
Entity
Free & Clear · 1 yrs held
Mailing address
284 N EMILY CT, HIGH POINT, NC 27265-7666
Ownership since
2024
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
Aug 15, 2024
—
Wake Forest Health Network LLC
Cyrus Max 2024 Commercial LLC
Assignment Of Lease (leasehold Sale)
—
Mar 5, 2020
$2,170,000
Cyrus Max Commercial LLC
Family Medicine Partners LLC
Grant Deed
$2,045,000 · Bank Of Oak Ridge
Feb 24, 2004
$1,900,000
Family Medicine Partners
Carr Properties
Grant Deed
—
Apr 3, 2001
$525,000
Carr Properties LLC
State Farm Mutua
Grant 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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