Probably purchased in 2018, the model was first released in 2017 (as
@heretiq has said). There was nothing between the 2017 27" iMac and the 2019 27" iMac (which I have).
That's good. It might have had only had 8 GB RAM. And the i7 4 core cpu is good for some years. Capture One should run fine.
In terms how useful your particular Mac will be, what is the disk? It might be:
1) Hard disk > slow (Not on your model?)
2) SSD > fast
3) Fusion Drive (a mix of small SSD and a hard disk) > medium speed.
About this Mac > Storage and (I think) that will tell you what type of disk as well as size.
Is your Capture One the latest version or is it old? If old it may not run on latest macOS.
The graphics card might be 4 GB (Radeon Pro 570, Radeon Pro 575) or 8 GB (Radeon Pro 580) GDDR5. The larger, faster will be better, but you probably won't notice too much.
There really is not much. Apple doesn't make it easy to assess wear and tear. If it runs ok and with the fan not getting excited under light load that is good.
You might want to check how much fluff is stuck in the incoming air vents at the bottom. Not easy to do much about it except for a light vacuum when turned off. A thorough clean requires taking the Mac apart - and, believe me, you don't want to be doing that!
If you want to delve deeper, you can explore how hard the disk/ssd has worked. But that requires add-on software like
DriveDX which can extract counters from the drive to indicate potential problems with the HDD or SSD. You could download and run as a trial just long enough to see the current state. I suggest you don't worry about this unless you have a Fusion Drive (very small SSD plus HDD), in which case it is a good idea to check up on the condition of both the SSD and HDD. If your Mac is SSD only, it is very unlikely to have used up a significant part of its life time.