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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Medical Office Space
110 Dennis Dr Sanford, NC 27330-6343
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4422363
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
7,856 SF
Lot
2.92 ac (127,195 SF)
Zoning code
OFFICE & INSTITUTIONAL
APN
9642-33-5658-00
UPID
US53-4422363
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
-
Ravikant Varanasi Physician
-
Ravikant Veerabhadra Varanasi Physician
-
McCall Jr Robert D MD Physician
-
Benham Asgharian, MD Physician
-
Dr. Marion B. Pate III, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$845k
Owner & transaction history
Pinehurst Medical Group LLC · 10 yrs held
Pinehurst Medical Group LLC
since 2016
1 recorded transaction
Zoning & alternative use
OFFICE & INSTITUTIONAL · Sanford, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+75.5%
Auto repair, garage
$800,000
+29.9%
Restaurant
$715,000
+16.1%
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 Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford 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%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$615,000
Current use
COMMERCIAL (GENERAL)
$1,085,000
Change: +75% · Conversion: Easy
AUTO REPAIR, GARAGE
$800,000
Change: +30% · Conversion: Difficult
RESTAURANT
$715,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$108 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$1,610,000
Assessed 2023
Previous assessed
$1,610,000
+0.0% YoY
Assessed land
$432,500
Assessed improvement
$1,177,500
Land market value
$432,500
Improvement market value
$1,177,500
Total market value
$1,610,000
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
1997
Heating
YES
Cooling
NONE
Stories
1
Total area
7,856 SF
Lot
2.92 ac (127,195 SF)
Zoning code
OFFICE & INSTITUTIONAL
APN
9642-33-5658-00
UPID
US53-4422363
Jurisdiction
LEE
Zoning & alternative use
OFFICE & INSTITUTIONAL · Sanford, NC
Zoning OFFICE & INSTITUTIONAL · permitted uses
OFFICE & INSTITUTIONAL · Sanford, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sanford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$800,000
RESTAURANT
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1997
Heating
YES
Cooling
Yes
Stories
1
Lot
2.92 ac
Current owner
From public records · entity-resolved
Pinehurst Medical Group LLC
Entity
Mailing address
205 PAGE RD, PINEHURST, NC 28374-8749
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2016
$131,000
Pinehurst Medical Group LLC
Mid Carolina Rentals LLC
Warranty Deed
$1,113,500 · First Citizens Bank & Trust Co
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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