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Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Medical Office Space
123 Professional Park Dr, Locust, NC 28097-7712
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2652704
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Total area
8,018 SF
Lot
1.52 ac (66,211 SF)
APN
556504707488
UPID
US53-2652704
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
-
Margaret Trzebiatowski, DO Pediatrician Physician
-
Jeffrey A. Chance, PA Hospital
-
Atrium Health Musculoskeletal Institute Orthopedics & Sports Medicine Medical Clinic Physician
-
Atrium Health Primary Care Cabarrus Family Medicine Pediatrician Physician
-
Steven E. Lucas, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.42M
Owner & transaction history
Harry Properties LLC · 4 yrs held
Harry Properties LLC
since 2022
Last sale
$2.6M
4 recorded transactions
Zoning & alternative use
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 Locust submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Locust 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
$2,335,000
ML approach
$2,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±10% · vs last sale $2.55M (May 17 2022)
Last sale anchor
$2.55M
May 17 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
$302 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,180
Tax year 2024
Assessed value
$1,209,206
Assessed 2024
Previous assessed
$1,209,206
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$334,400
Assessed improvement
$874,806
Land market value
$334,400
Improvement market value
$874,806
Total market value
$1,209,206
Applied tax rate
550.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2012
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
8,018 SF
Lot
1.52 ac (66,211 SF)
APN
556504707488
UPID
US53-2652704
Jurisdiction
STANLY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2012
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.52 ac
Current owner
From public records · entity-resolved
Harry Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
400 GILEAD RD UNIT #1332, HUNTERSVILLE, NC 28070-6856
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$2,550,000
Harry Properties LLC
Flagship 123 Locust LLC
Special Warranty Deed
—
May 9, 2019
$1,650,000
Flagship 123 Locust LLC
Locust Mob I LLC
Grant Deed
—
May 3, 2019
—
Locust Mob I-e LLC
Locust Mob I LLC
Quit Claim Deed
related
—
Mar 29, 2012
$351,500
Locust Mob I LLC
South Central Oil Co INC
Grant Deed
—
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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