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Property profile & analytics
OFF-MARKET
Medical Office Space
109 Airport Rd Kinston, NC 28501-1603
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2694453
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Total area
7,844 SF
Lot
1.39 ac (60,548 SF)
Zoning code
B1
APN
452614341298
UPID
US53-2694453
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
-
Dr. George H. West, MD Physician
-
Amy M. Kornegay, PA-C Pediatrician Physician
-
Julia E. Noel, Ed.D, MSW, LCSW Foster Care Service Social Service Agency
-
UNC Health Complete Care Pediatrician Physician
-
Fernando A. Escabi-Mendez, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Herritage LLC · 4 yrs held
Herritage LLC
since 2021
Last sale
$300,000
3 recorded transactions
Zoning & alternative use
B1 · Kinston, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Kinston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kinston 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,339
Tax year 2024
Assessed value
$702,117
Assessed 2024
Previous assessed
$702,117
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$90,000
Assessed improvement
$612,117
Land market value
$90,000
Improvement market value
$612,117
Total market value
$702,117
Applied tax rate
156.0000
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 BUILDING
Status
Off-Market
Year built
1976
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Rooms
12
Total area
7,844 SF
Lot
1.39 ac (60,548 SF)
Zoning code
B1
APN
452614341298
UPID
US53-2694453
Jurisdiction
LENOIR
Zoning & alternative use
B1 · Kinston, NC
Zoning B1 · permitted uses
B1 · Kinston, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kinston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
12
Lot
1.39 ac
Current owner
From public records · entity-resolved
Herritage LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 277, KINSTON, NC 28502-0277
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
$300,000
Herritage LLC
Lenoir Community College Foundation
Warranty Deed
—
Apr 10, 2018
—
Lenoir Cmnty Clg Foun INC
West,george H & Annette T
Warranty Deed
related
—
Dec 28, 2017
—
College Foundation INC
West,george H & Annette T
Grant Deed
related
—
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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