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Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Office Spaces
Norvasa St Rural Hall, NC 27045
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3728192
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2012
Construction
STEEL FRAME
Total area
4,312 SF
Lot
1.02 ac (44,431 SF)
Zoning code
LI
APN
6819-68-7868.00
UPID
US53-3728192
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
$1.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.03M
Owner & transaction history
Sunshine Boys Investments II LLC · 6 yrs held
Sunshine Boys Investments II LLC
since 2020
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
LI · Rural Hall, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The LI District is primarily intended to accommodate limited manufacturing, wholesaling, warehousing, research and development, and related commercial and service activities which, in their normal operations, have little or no adverse effect upon adjoining properties
Zone name
Limited Industrial
General category
INDUSTRIAL
Zone area
237.66 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 Rural Hall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rural Hall 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
$2,105,000
ML approach
$1,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $2.00M (Feb 3 2020)
Last sale anchor
$2.00M
Feb 3 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
$470 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,409
Tax year 2024
Assessed value
$367,200
Assessed 2024
Previous assessed
$367,200
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$35,500
Assessed improvement
$331,700
Land market value
$35,500
Improvement market value
$331,700
Total market value
$367,200
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
2012
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
4,312 SF
Lot
1.02 ac (44,431 SF)
Zoning code
LI
APN
6819-68-7868.00
UPID
US53-3728192
Jurisdiction
FORSYTH
Zoning & alternative use
LI · Rural Hall, NCZoning LI · permitted uses
LI · Rural Hall, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The LI District is primarily intended to accommodate limited manufacturing, wholesaling, warehousing, research and development, and related commercial and service activities which, in their normal operations, have little or no adverse effect upon adjoining properties
Zone name
Limited Industrial
General category
INDUSTRIAL
Zone area
237.66 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2012
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Sunshine Boys Investments II LLC
Entity
Mailing address
620 FORUM PKWY, RURAL HALL, NC 27045-8934
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2020
$2,000,000
Sunshine Boys Investments II LLC
Sunshine Boys Investments LLC
Special Warranty Deed
$1,980,000 · Cogent Bank
Apr 30, 2008
$1,300,000
Sunshine Boys Investments LLC
Omli Commercial Properties LLC
Warranty Deed
$1,105,000 · Wachovia 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.
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