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Property profile & analytics
OFF-MARKET
Estimated value
$6,360,000
Medical Office Space
115 Crescentcommons Dr Cary, NC 27518-8102
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1030291
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
STONE
Total area
20,172 SF
Lot
1.72 ac (74,923 SF)
Zoning code
OIP
APN
0762.19-52-5295 0217335
UPID
US53-1030291
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
-
PMG Sports Advertising Agency Marketing & Advertising
-
Lake Pine Oral Surgery Dental Office
-
Shazia Obaid Pediatrician Physician
-
Michelle Williams, Realtor Real Estate Agency
-
Dr. Lemuel G. Yerby III, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.40M
Blend (final)
Blend
$6.36M
Owner & transaction history
Hr North Carolina LLC · 4 yrs held
Hr North Carolina LLC
since 2021
Last sale
$5.8M
4 recorded transactions
Zoning & alternative use
OIP · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.5M
+51.2%
Retail stores
$9.3M
+34.1%
Auto repair, garage
$8.5M
+22.6%
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 Cary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cary 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
$6,895,000
ML approach
$6,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,950,000
Current use
RESTAURANT
$10,510,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$9,320,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,520,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$6.36M
Range $5.72M – $7.00M · ±10% · vs last sale $5.78M (Sep 20 2021)
Last sale anchor
$5.78M
Sep 20 2021
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
$315 / 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
$41,654
Tax year 2023
Assessed value
$4,157,110
Assessed 2023
Previous assessed
$4,157,110
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$827,150
Assessed improvement
$3,329,960
Land market value
$827,150
Improvement market value
$3,329,960
Total market value
$4,157,110
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
2003
Construction
STONE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
20,172 SF
Lot
1.72 ac (74,923 SF)
Zoning code
OIP
APN
0762.19-52-5295 0217335
UPID
US53-1030291
Jurisdiction
WAKE
Zoning & alternative use
OIP · Cary, NC
Zoning OIP · permitted uses
OIP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$7.0M
RESTAURANT
Est. value
$10.5M
RETAIL STORES
Est. value
$9.3M
AUTO REPAIR, GARAGE
Est. value
$8.5M
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2003
Construction
STONE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.72 ac
Current owner
From public records · entity-resolved
Hr North Carolina LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3310 W END AVE STE #700, NASHVILLE, TN 37203-1097
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2021
$5,780,000
Hr North Carolina LLC
115 Crescent Commons LLC
Special Warranty Deed
—
Dec 17, 2002
—
115 Crescent Commons LLC
Lochmere,west
Grant Deed
related
—
—
—
115 Crescent Commons LLC
—
Deed Of Trust
related
$2,700,000 · Wachovia Bank NA
—
—
115 Crescent Commons LLC
—
Deed Of Trust
related
$5,400,000 · First Citizens Bk
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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