This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

964 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

111 Sunset Ave

3,960 SF 100% Leased Office Building Asheboro, NC 27203 £477,312 (£121/SF) 5.30% Net Initial Yield

Executive Summary

Almost 4000 sq ft downtown Asheboro NC. 100% occupied with long-term tenants. Rental Increase for 2025 in place. Rents are below market value so there is room to increase Cap Rate.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income £31,025 £7.83
Other Income - -
Vacancy Loss - -
Effective Gross Income £31,025 £7.83
Taxes £1,591 £0.40
Operating Expenses £4,137 £1.04
Total Expenses £5,728 £1.45
Net Operating Income £25,298 £6.39

Financial Summary (Actual - 2024)

Gross Rental Income
Annual £31,025
Annual Per SF £7.83
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £31,025
Annual Per SF £7.83
Taxes
Annual £1,591
Annual Per SF £0.40
Operating Expenses
Annual £4,137
Annual Per SF £1.04
Total Expenses
Annual £5,728
Annual Per SF £1.45
Net Operating Income
Annual £25,298
Annual Per SF £6.39

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,960 SF
Building Class
C
Year Built/Renovated
1921/2022
Price
£477,312
Price Per SF
£121
Net Initial Yield
5.30%
NOI
£25,298
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,980 SF
Slab to Slab
12 ft
Building FAR
1.14
Lot Size
0.08 AC
Zoning
B3 - B3: Central Business District – To accommodate a mixture of commercial, governmental, administrative, office, and service uses within the traditional

Amenities

  • 24 Hour Access
  • Central Heating
  • High Ceilings
  • Open-Plan
  • Suspended Ceilings
  • Air Conditioning
1 of 1
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 7751-82-0469
  • 7751-82-0690
 Total Assessment £2,742,603
Land Assessment £365,541 Annual Taxes £1,591 (£0.40/sf)
Improvements Assessment £2,377,062 Tax Year 2024

PROPERTY TAXES

Parcel Numbers
Multiple
  • 7751-82-0469
  • 7751-82-0690
Land Assessment
£365,541
Improvements Assessment
£2,377,062
Total Assessment
£2,742,603
Annual Taxes
£1,591 (£0.40/sf)
Tax Year
2024
(386) 793-4120

Contact

  • Justin Kivett
    Justin Kivett
  • Jsmreaa Properties

  • Listing ID: 33744510

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 111 Sunset Ave, Asheboro, NC 27203

The Office Property at 111 Sunset Ave, Asheboro, NC 27203 is currently available for sale. Contact Jsmreaa Properties for more information.

Nearby Listings

1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/5
111 Sunset Ave, Asheboro, NC for sale Building Photo- Image 1 of 5
Building Photo
111 Sunset Ave, Asheboro, NC for sale Building Photo- Image 2 of 5
Building Photo
111 Sunset Ave, Asheboro, NC for sale Building Photo- Image 3 of 5
Building Photo
111 Sunset Ave, Asheboro, NC for sale Building Photo- Image 4 of 5
Building Photo

1 of 1

Connect with us

© 2024 CoStar Group

111 Sunset Ave
(386) 793-4120 x

111 Sunset Ave

Justin Kivett

(386) 793-4120

(386) 793-4120

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link