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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Medical Office Space
1219 Lexington Ave Ste D, Thomasville, NC 27360-2784
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2358670
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,378 SF
Lot
0.36 ac (15,682 SF)
Zoning code
OI
APN
16-325-G-000-0004
UPID
US53-2358670
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
-
Atrium Health Wake Forest Baptist | Davidson Surgical Associates - Thomasville Medical Clinic Hospital
-
Novant Health Neurology & Sleep - Thomasville Medical Clinic
-
Dr. Herman B. Cheek, MD Physician
-
Piedmont Eye Surgical & Laser Ophthalmologist
-
Deang Cedric R MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$495k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Mlc3 Investments LLC · 2 yrs held
Mlc3 Investments LLC
since 2023
Last sale
$601,413
3 recorded transactions
Zoning & alternative use
OI · Thomasville, 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 Thomasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thomasville 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
$610,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$495,000
7%
$460,000
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $601k (Nov 3 2023)
Last sale anchor
$601k
Nov 3 2023
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
$254 / 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
$4,103
Tax year 2023
Assessed value
$353,700
Assessed 2023
Previous assessed
$353,700
+0.0% YoY
Effective rate
1.16%
On assessed value
Land market value
$40,000
Improvement market value
$313,700
Total market value
$353,700
Applied tax rate
16.0000
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
2,378 SF
Lot
0.36 ac (15,682 SF)
Zoning code
OI
APN
16-325-G-000-0004
UPID
US53-2358670
Jurisdiction
DAVIDSON
Zoning & alternative use
OI · Thomasville, NC
Zoning OI · permitted uses
OI · Thomasville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thomasville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.36 ac
Current owner
From public records · entity-resolved
Mlc3 Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
21 NEWBRIDGE PKWY UNIT #407, ASHEVILLE, NC 28804-1487
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2023
$601,413
Mlc3 Investments LLC
Romedical Properties LLC
Special Warranty Deed
—
Jun 12, 2012
$200,000
Romedical Properties LLC
Community General Health Ptrs
Grant Deed
—
—
—
Romedical Properties LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of Nc
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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