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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Medical Office Space
1212 Central Dr, Sanford, NC 27330-4169
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4700349
Property summary
AI-generated overview
This exceptional medical office building, located at 1212 Central Drive in Sanford, North Carolina, offers a fantastic opportunity for healthcare professionals seeking flexible and modern workspace. Built in 2008, the two-story building boasts a total of 16,991 square feet, with multiple tenancy options available. Currently, there are 3,418 square feet of vacant space, divisible into units ranging from a minimum of 1,572 square feet to a maximum contiguous space of 1,846 square feet. The building is conveniently located in Lee County, offering easy access for patients and staff. Modern amenities include elevators for convenient access to both floors. This property presents an ideal setting for a variety of medical practices, providing a professional and efficient environment for patient care. The building's strategic location in Sanford, NC, zip code 27330, ensures high visibility and accessibility. The available space is perfect for practices needing a flexible and well-appointed space to expand or establish their presence in the thriving Sanford community. Inquire today to learn more about leasing options and secure your ideal medical office space.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
16,580 SF
Lot
1.17 ac (50,965 SF)
Zoning code
OFFICE & INSTITUTIONAL
APN
9642-44-2880-00
UPID
US53-4700349
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
-
Rahul Kakkar Physician
-
Dave Nailesh MD Physician
-
Dr. Kaushik Sen, MD Physician
-
Sanford Hematology & Oncology Medical Clinic
-
Neurology & Pain Management Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.76M
Owner & transaction history
Shriji Properties LLC · 7 yrs held
Shriji Properties LLC
since 2018
2 recorded transactions
Zoning & alternative use
OFFICE & INSTITUTIONAL · Sanford, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+75.5%
Auto repair, garage
$1.7M
+29.9%
Restaurant
$1.5M
+16.1%
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 Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,070,000
6.5%
$1,915,000
7%
$1,775,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,305,000
Current use
COMMERCIAL (GENERAL)
$2,285,000
Change: +75% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,690,000
Change: +30% · Conversion: Difficult
RESTAURANT
$1,510,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,105,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$1,065,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±10%
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
$106 / 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
$38,843
Tax year 2023
Assessed value
$3,277,900
Assessed 2023
Previous assessed
$3,277,900
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$183,500
Assessed improvement
$3,094,400
Land market value
$183,500
Improvement market value
$3,094,400
Total market value
$3,277,900
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
2008
Heating
YES
Cooling
NONE
Stories
1
Units
1
Total area
16,580 SF
Lot
1.17 ac (50,965 SF)
Zoning code
OFFICE & INSTITUTIONAL
APN
9642-44-2880-00
UPID
US53-4700349
Jurisdiction
LEE
Zoning & alternative use
OFFICE & INSTITUTIONAL · Sanford, NC
Zoning OFFICE & INSTITUTIONAL · permitted uses
OFFICE & INSTITUTIONAL · Sanford, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sanford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2008
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Shriji Properties LLC
Entity
Mailing address
350 PNE STATE ST, LILLINGTON, NC 27546-9428
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2018
—
Shriji Properties LLC
—
Deed
related
$5,141,400 · The Fidelity Bank
May 22, 2017
—
Willgold Dev LLC
—
Trustees Deed
related
$1,810,000 · Branch 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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