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Property profile & analytics
OFF-MARKET
Estimated value
$5,955,000
Medical Office Space
1212 Cedarhurst Dr, Raleigh, NC 27609-5587
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0412619
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Construction
BRICK
Total area
17,312 SF
Lot
1.95 ac (84,942 SF)
Zoning code
OX-3
APN
1716.14-44-6194 0095296
UPID
US53-0412619
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
-
Dr. Gregory C. Hinn, MD Physician Medical Clinic
-
Cardinal Points Imaging - Midtown Medical Clinic
-
Dr. Jeffrey Browne, MD Physician Medical Clinic
-
Dr. Jeffrey S. Taylor, MD Physician
-
Dr. Sara James Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.63M
CAP Approach
CAP
$4.13M
Comparable Approach
Comparable
$4.77M
Blend (final)
Blend
$5.96M
Owner & transaction history
Willgold Dev Opps LLC · 3 yrs held
Willgold Dev Opps LLC
since 2022
Last sale
$5.9M
5 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.5M
+122.3%
Restaurant
$9.4M
+119.4%
Retail stores
$6.8M
+58.6%
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 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
$6,635,000
ML approach
$6,630,000
CAP Approach
CAP Return
Estimation
6%
$4,465,000
6.5%
$4,125,000
7%
$3,830,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,290,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,540,000
Change: +122% · Conversion: Difficult
RESTAURANT
$9,415,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$6,805,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,615,000
Change: +31% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,105,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,905,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.96M
Range $5.36M – $6.55M · ±10% · vs last sale $5.87M (Nov 23 2022)
Last sale anchor
$5.87M
Nov 23 2022
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
$344 / 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
$33,760
Tax year 2023
Assessed value
$3,097,216
Assessed 2023
Previous assessed
$3,097,216
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$680,385
Assessed improvement
$2,416,831
Land market value
$680,385
Improvement market value
$2,416,831
Total market value
$3,097,216
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
1977
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
17,312 SF
Lot
1.95 ac (84,942 SF)
Zoning code
OX-3
APN
1716.14-44-6194 0095296
UPID
US53-0412619
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
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.5M
RESTAURANT
Est. value
$9.4M
RETAIL STORES
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$3.9M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1977
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Willgold Dev Opps LLC
Entity
Mailing address
2238 NELSON HWY, CHAPEL HILL, NC 27517-8914
Ownership since
2022
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
Nov 23, 2022
$5,870,000
Willgold Dev Opps LLC
Cedarhurst Associates LLC
Special Warranty Deed
$4,989,500 · Truist Bank
Jun 7, 2018
—
Cedarhurst Associates LLC
—
Deed
related
$1,600,000 · Union Bk&tr
Apr 12, 2002
$1,900,000
Cedarhurst Associates LLC
Rima Associates
Grant Deed
—
—
—
Cedarhurst Associates LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of North Carolina
—
—
Cedarhurst Associates LLC
—
Deed Of Trust
related
$1,600,000 · Union Bk&tr
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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