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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Medical Office Space
114 Medical Park Dr, Lexington, NC 27292-6773
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2157348
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
FRAME
Total area
3,818 SF
Lot
1.47 ac (64,033 SF)
Zoning code
PD
APN
11-343-F-000-0007-A
UPID
US53-2157348
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
-
Aaron William Pickens, MD Physician
-
Restoration Internal Medicine Physician
-
Phillip B. Land, PA-C Physician
-
Atrium Health Wake Forest Baptist Pulmonary and Sleep Medicine - Lexington Medical Clinic
-
James Long Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
Breeden Two LLC · 2 yrs held
Breeden Two LLC
since 2023
Last sale
$820,000
7 recorded transactions
Zoning & alternative use
PD · Lexington, 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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
$725,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$740,000
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $820k (Jul 12 2023)
Last sale anchor
$820k
Jul 12 2023
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
$212 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,305
Tax year 2023
Assessed value
$786,660
Assessed 2023
Previous assessed
$786,660
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$384,200
Improvement market value
$402,460
Total market value
$786,660
Applied tax rate
11.0000
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
1996
Construction
FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
3,818 SF
Lot
1.47 ac (64,033 SF)
Zoning code
PD
APN
11-343-F-000-0007-A
UPID
US53-2157348
Jurisdiction
DAVIDSON
Zoning & alternative use
PD · Lexington, NC
Zoning PD · permitted uses
PD · Lexington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.47 ac
Current owner
From public records · entity-resolved
Breeden Two LLC
Entity
Mailing address
312 W PO BOX 2137TH ST, LEXINGTON, NC 27293-2137
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2023
—
Breeden Two LLC
Breeden And Company INC
Deed
related
—
Jul 12, 2023
$820,000
Breeden And Company INC
Carolina Medical And Laboratory Mgm
Warranty Deed
—
Oct 31, 2019
—
Carolina Medical & Laborator M
—
Deed
related
$405,000 · Private Individual
Aug 22, 2019
—
Carolina Medical & Laboratory
—
Deed
related
$405,000 · Private Individual
May 30, 2017
$800,000
Carolina Medical & Laboratory
Long Randall Trust
Warranty Deed
$2,328 · Long J Randall Trust (rt)
Oct 12, 2016
—
J Randall Long
—
Deed
related
$200,000 · Wells Fargo Bank NA
May 20, 2008
—
Long J Randall Trust
Long,j Randall
Quit Claim Deed
related
—
—
—
James R Long
—
Deed Of Trust
related
$373,000 · Branch Banking & Trust Co
—
—
Carolina Medical & Laboratory
—
Deed Of Trust
related
$405,000 · Private Individual
—
—
Carolina Medical & Laborator M
—
Deed Of Trust
related
$405,000 · Private Individual
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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