Entity Owned 
For Lease
$2,360,000
1003 Olde Waterford Way, Leland, NC 28451
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Property summary
AI-generated overview
The property is a 2,166-square-foot commercial unit located at 1003 Olde Waterford Way in Leland, North Carolina. The interior configuration is designed for a dental/medical style professional office use and includes a reception area, a consultation office, four exam rooms, an x-ray room, a laboratory space, and a staff lounge/breakroom. The space is suitable for operation as a dental practice and can also be adapted for other professional office users.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2004
Total area
18,330 SF
Lot
1.74 ac (75,794 SF)
Zoning code
C2
APN
370005010
UPID
US53-1847240
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Medical Clinic
-
Physician
-
Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$2.36M
Owner & transaction history
since 2004
4 recorded transactions
Zoning & alternative use
C2 · Leland, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.36M
Value range
$2.12M – $2.60M
±10% around blend
Estimated value / SF
$129 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
50
$2.12M
blend $2.36M
$2.60M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
18,330 SF
Lot area
1.74 ac
Year built
2004
Stories
2
APN
370005010
Zoning
C2
Assessed value
$2,628,810
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$89k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.5 mi away · 13,828 SF
12.5 mi away · 13,828 SF
12.5 mi away · 13,828 SF
12.5 mi away · 13,828 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.36M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 127 sales
$226
-43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $129/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.63M
Move the market yield to see immediate price impact.
Value / SF
$143
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$166k
$3.31M
$2.37M
$1.84M
$184k
$3.68M
$2.63M
$2.04M
$202k
$4.05M
$2.89M
$2.25M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$65k
12.5 mi · Sep 2025 · $5/SF
Property tax & assessments
Property tax & assessments
Assessed value
$2,628,810
Assessed 2023
Previous assessed
$1,782,760
+47.5% YoY
Assessed land
$531,760
Assessed improvement
$2,097,050
Land market value
$531,760
Improvement market value
$2,097,050
Total market value
$2,628,810
Applied tax rate
31.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
2004
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
18,330 SF
Lot
1.74 ac (75,794 SF)
Zoning code
C2
APN
370005010
UPID
US53-1847240
Jurisdiction
BRUNSWICK
Zoning & alternative use
C2 · Leland, NCZoning C2 · permitted uses
C2 · Leland, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2004
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
4
Lot
1.74 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
Leland, NC
Recorded code
C2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Leland, NC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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