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Property profile & analytics
FOR LEASE
Medical Office Space
12450 Cleveland Rd Garner, NC 27529
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0967256
For Lease
1 / 4
$16,800/Mo
12450 Cleveland Rd, Garner, NC 27529
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
20,292 SF
Lot
1.46 ac (63,598 SF)
Zoning code
COM
APN
06E02003M
UPID
US53-0967256
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
-
Kingdom Crusaders Church Church
-
Ramsey Development Solutions General Contractor
-
Haley Breanne Nichols Dental Office
-
Dr. Sree Nadella Dental Office
-
Dr. Gregg Howarth Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.36M
Blend (final)
Blend
$2.55M
Owner & transaction history
Lane Dental Properties LLC · 6 yrs held
Lane Dental Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
COM · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+21.0%
Retail stores
$3.2M
+10.0%
Auto repair, garage
$3.1M
+4.6%
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 Garner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garner 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,950,000
Current use
OFFICE BUILDING
$3,570,000
Change: +21% · Conversion: Easy
RETAIL STORES
$3,245,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,085,000
Change: +5% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,020,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,975,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.55M
Range $2.29M – $2.80M · ±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
$125 / 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
$40,470
Tax year 2024
Assessed value
$4,996,350
Assessed 2024
Previous assessed
$5,013,770
-0.3% YoY
Effective rate
0.81%
On assessed value
Assessed land
$535,790
Assessed improvement
$4,460,560
Land market value
$535,790
Improvement market value
$4,460,560
Total market value
$4,996,350
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
For Lease
Year built
2006
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
3
Bathrooms
8
Total area
20,292 SF
Lot
1.46 ac (63,598 SF)
Zoning code
COM
APN
06E02003M
UPID
US53-0967256
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Garner, NC
Zoning COM · permitted uses
COM · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garner. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
2
Bathrooms
8
Lot
1.46 ac
Current owner
From public records · entity-resolved
Lane Dental Properties 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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2020
—
Lane Dental Prop LLC
—
Deed
related
$5,000,000 · United Cmnty Bk
May 15, 2020
—
Lane Dental Properties LLC
—
Deed
related
$24,500,000 · United Cmnty Bk
Apr 15, 2020
—
Lane Dental Properties LLC
Peddlers Vlg Of N Carolina LLC
Warranty Deed
related
—
Dec 2, 2005
—
Peddlers Village Of Nc LLC
Lane,don G & Phyllis B
Grant Deed
$3,272,500 · Gateway Bank & Trust
Oct 18, 2005
—
Peddlers Village LLC
Lane,don G & Phyllis B
Warranty Deed
—
—
—
Peddlers Village Of Nc LLC
—
Deed Of Trust
related
$4,750,000 · Rbc Bank
—
—
Peddlers Village Of Nc LLC
—
Deed Of Trust
related
$4,900,000 · Gateway Bank & Trust
—
—
Lane Dental Properties LLC
—
Deed Of Trust
related
$24,500,000 · United Cmnty Bk
—
—
Peddlers Village Of North Carolin
—
Deed Of Trust
related
$3,400,000 · Vantagesouth Bank
—
—
Lane Dental Prop LLC
—
Deed Of Trust
related
$5,000,000 · United Cmnty Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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