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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Medical Office Space
106 Barcelona Dr, Fayetteville, NC 28303-4453
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-1335873
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1973
Total area
3,864 SF
Lot
0.82 ac (35,719 SF)
Zoning code
LC
APN
0417-49-9846
UPID
US53-1335873
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
-
Dennis C. Polley II Physician
-
Polley Clinic of Dermatology and Dermatologic Surgery PA Medical Clinic Skin Care Clinic
-
Affordable Solar Fayetteville Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$605k
Owner & transaction history
L & R Realty LLC · 9 yrs held
L & R Realty LLC
since 2016
6 recorded transactions
Zoning & alternative use
LC · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$745,000
+14.8%
Office building
$745,000
+14.2%
Commercial (general)
$690,000
+5.8%
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 Fayetteville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fayetteville 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%
$670,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$650,000
Current use
AUTO REPAIR, GARAGE
$745,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$745,000
Change: +14% · Conversion: Easy
COMMERCIAL (GENERAL)
$690,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$157 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$12,554
Tax year 2019
Assessed value
$889,170
Assessed 2023
Previous assessed
$889,170
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$445,034
Assessed improvement
$444,136
Land market value
$445,034
Improvement market value
$444,136
Total market value
$889,170
Applied tax rate
1,000.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
2
Stories
1
Total area
3,864 SF
Lot
0.82 ac (35,719 SF)
Zoning code
LC
APN
0417-49-9846
UPID
US53-1335873
Jurisdiction
CUMBERLAND
Zoning & alternative use
LC · Fayetteville, NC
Zoning LC · permitted uses
LC · Fayetteville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fayetteville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$745,000
OFFICE BUILDING
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$690,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1973
Heating
NONE
Stories
1
Buildings
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
L & R Realty LLC
Entity
Mailing address
1806 GLENDALE DR SW, WILSON, NC 27893-4402
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2016
—
L & R Realty LLC
Polley,dennis C & Diane R
Warranty Deed
—
Mar 5, 2010
$800,000
Dennis C Polley
Mercedes Properties III LLC
Warranty Deed
$800,000 · Branch Banking & Trust Co
Mar 9, 2005
—
Mercedes Properties III LLC
Thompson,sidney E & Esther R
Warranty Deed
related
—
Jan 14, 2005
$535,000
Sidney E Thompson
Braswell Fam Investments LLC
Warranty Deed
$570,000 · Rbc Centura Bank
Jun 4, 2004
$520,000
Braswell Fam Investments LLC
Jsmb Investments LLC
Warranty Deed
$520,000 · Branch Banking & Trust Co
—
—
Mercedes Properties III LLC
—
Deed Of Trust
related
$250,000 · Rbc Bank (usa)
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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