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Property profile & analytics
FOR SALE
Medical Office Space
100 Cunningham Ln Clayton, NC 27527
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1369241
For Sale
1 / 45
$1,500,000
100 Cunningham Ln, Clayton, NC 27527
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
9,836 SF
Lot
0.85 ac (37,026 SF)
Zoning code
COM
APN
16I02009I
UPID
US53-1369241
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
-
Key Physicians Medical Clinic
-
Horizon Family Medicine: Davis Rhonda H MD Pediatrician Physician
-
Horizon Family Medicine: Liverman Jr J T MD Pediatrician Physician
-
Horizon Family Medicine: Feldpausch Dale MD Pediatrician Physician
-
Horizon Family Medicine: Dawkins Robert G MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$990k
Blend (final)
Blend
$980k
Owner & transaction history
Blackwolf Run III LLC · 18 yrs held
Blackwolf Run III LLC
since 2007
4 recorded transactions
Zoning & alternative use
COM · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+10.0%
Auto repair, garage
$1.5M
+4.6%
Commercial (general)
$1.5M
+1.5%
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 Clayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clayton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,430,000
Current use
RETAIL STORES
$1,575,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,495,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,450,000
Change: +1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,440,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$100 / 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
$16,726
Tax year 2024
Assessed value
$1,267,100
Assessed 2024
Previous assessed
$1,267,100
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$129,590
Assessed improvement
$1,137,510
Land market value
$129,590
Improvement market value
$1,137,510
Total market value
$1,267,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
2006
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
9,836 SF
Lot
0.85 ac (37,026 SF)
Zoning code
COM
APN
16I02009I
UPID
US53-1369241
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Clayton, NC
Zoning COM · permitted uses
COM · Clayton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clayton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Blackwolf Run III LLC
Entity
Mailing address
2102 PRITCHARD RD, CLAYTON, NC 27527-9271
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Dec 19, 2018
—
Blackwolf Run III 2 LLC
—
Deed
related
$2,525,000 · Tbvat LLC
Aug 4, 2017
—
Blackwolf Run III-2 LLC
—
Grant Deed
related
$2,500,000 · First Nat'l Bk/pa
Jul 23, 2007
—
Blackwolf Run III LLC
Black & Gold Investments LLC
Quit Claim Deed
related
$10,000,000 · Wachovia Bank NA
Aug 18, 2006
—
Black & Gold Investments LLC
Riverwood On The Neuse LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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