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Property profile & analytics
FOR LEASE
Medical Office Space
1177 N Road St Elizabeth City, NC 27909
Individually Owned
5-yr Hold
Property ID
US53-4546579
For Lease
1 / 55
$149,864 SF/Yr
1177 N Road St, Elizabeth City, NC 27909
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
FRAME
Lot
1.39 ac (60,548 SF)
Zoning code
GB
APN
891402882042
UPID
US53-4546579
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
-
Nicole F. De Simone, D.O. Physician
-
Sentara Surgery Specialists Medical Clinic Hospital
-
Crystal Brabble, NP-C Physician
-
Michael W. McCormick, M.D. Physician
-
Dr. Chukwuemeka Obiora Physician Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Everett W Larabee · 5 yrs held
Everett W Larabee
since 2020
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
GB · Elizabeth City, 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 Elizabeth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth City 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
$880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Sep 3 2020)
Last sale anchor
$900k
Sep 3 2020
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
—
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
Assessed value
$1,044,700
Assessed 2023
Previous assessed
$1,044,700
+0.0% YoY
Land market value
$417,000
Improvement market value
$627,700
Total market value
$1,044,700
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
For Lease
Year built
2009
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Units
1
Lot
1.39 ac (60,548 SF)
Zoning code
GB
APN
891402882042
UPID
US53-4546579
Jurisdiction
PASQUOTANK
Zoning & alternative use
GB · Elizabeth City, NC
Zoning GB · permitted uses
GB · Elizabeth City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elizabeth City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Units
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Everett W Larabee
Individual
Mailing address
205 ACADEMY ST S, AHOSKIE, NC 27910-3241
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
—
Everett W Larabee
—
Deed
related
$842,432 · Ultim8 Equities LLC
Sep 3, 2020
$900,000
Everett W Larabee
Apex Bank
Warranty Deed
$300,000 · First Citizens Bank & Trust Co
Apr 7, 2014
$995,000
Bank Of Camden
Carolina Mountaineer Investments Ll
Commissioners Deed
related
—
Dec 18, 2008
—
Carolina Mountainerr Investments Ll
Women First Gyn PLLC
Warranty Deed
$1,450,000 · The East Carolina Bank
Dec 21, 2005
$400,000
Women First Ob Gyn PLLC
James M Gard
Warranty Deed
$400,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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