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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Medical Office Space
1201 Rdg Rd, Raleigh, NC 27607-6834
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0622943
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
BRICK
Total area
2,728 SF
Lot
0.35 ac (15,246 SF)
Zoning code
OX-3
APN
0794.10-27-5143 0048776
UPID
US53-0622943
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
-
Lane & Associates Family Dentistry - Raleigh Ridge Rd Dental Office
-
Dr. Lara Clark Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Lane Spe LLC · 6 yrs held
Lane Spe LLC
since 2020
Last sale
$585,000
7 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+24.6%
Commercial (general)
$885,000
+2.9%
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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
$765,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$860,000
Current use
RETAIL STORES
$1,070,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$885,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$805,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $585k (Jul 1 2020)
Last sale anchor
$585k
Jul 1 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
$253 / 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
$7,607
Tax year 2023
Assessed value
$697,861
Assessed 2023
Previous assessed
$697,861
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$548,856
Assessed improvement
$149,005
Land market value
$548,856
Improvement market value
$149,005
Total market value
$697,861
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
1998
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,728 SF
Lot
0.35 ac (15,246 SF)
Zoning code
OX-3
APN
0794.10-27-5143 0048776
UPID
US53-0622943
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NC
Zoning OX-3 · permitted uses
OX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$860,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$805,000
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1998
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Lane Spe LLC
Entity
Mailing address
PO BOX 2230, ANGIER, NC 27501-2230
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2020
$246,000
Lane Spe LLC
Store Master Funding Xiii LLC
Special Warranty Deed
—
Apr 12, 2018
$240,000
Store Master Funding Xiii LLC
1201 Ridge Road LLC
Warranty Deed
related
$240,000 · Citibank
Apr 12, 2018
—
Lane Spe LLC
1201 Ridge Road LLC
Warranty Deed
related
$23,258,995 · Citibank
Jan 6, 2010
$585,000
1201 Ridge Road LLC
Lane,don G
Warranty Deed
—
Dec 31, 2009
$585,000
Don G Lane
1201 Ridge Road Land Trust
Warranty Deed
$300,000 · David R & Cheryl Jackson
May 7, 2003
—
1201 Ridge Rd Land Trust
—
Deed Of Trust
related
—
—
—
1201 Ridge Road LLC
—
Deed Of Trust
related
$393,000 · Crescent State Bank
—
—
1201 Ridge Road LLC
—
Deed Of Trust
related
$420,000 · 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.
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