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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Medical Office Space
150 Vlg Walk Dr, Holly Springs, NC 27540-7679
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1547465
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Construction
BRICK
Total area
7,364 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CB
APN
0648.07-78-3135 0361764
UPID
US53-1547465
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. Scott K. Butts Dental Office
-
Avent Ferry Family Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$1.81M
Owner & transaction history
Jeffrey D Connell Dmd PLLC · 1 yrs held
Jeffrey D Connell Dmd PLLC
since 2025
7 recorded transactions
Zoning & alternative use
CB · Holly Springs, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+6.3%
Commercial (general)
$2.5M
+2.4%
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 Holly Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holly Springs 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%
$1,680,000
6.5%
$1,550,000
7%
$1,440,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,395,000
Current use
AUTO REPAIR, GARAGE
$2,545,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,450,000
Change: +2% · Conversion: Easy
RETAIL STORES
$2,330,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±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
$245 / 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
$21,682
Tax year 2023
Assessed value
$2,010,219
Assessed 2023
Previous assessed
$2,010,219
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$573,244
Assessed improvement
$1,436,975
Land market value
$573,244
Improvement market value
$1,436,975
Total market value
$2,010,219
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
2013
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,364 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CB
APN
0648.07-78-3135 0361764
UPID
US53-1547465
Jurisdiction
WAKE
Zoning & alternative use
CB · Holly Springs, NC
Zoning CB · permitted uses
CB · Holly Springs, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holly Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2013
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Jeffrey D Connell Dmd PLLC
Individual
Free & Clear · 1 yrs held
Mailing address
4141 PINEY GAP DR, CARY, NC 27519-7515
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
—
Jeffrey D Connell Dmd PLLC
Scott K Butts Dds Pa
Deed
—
Nov 23, 2016
—
Kushi LLC
—
Deed
related
$734,236 · Bank Of America
Dec 19, 2013
—
Kushi LLC
—
Trustees Deed
related
$70,000 · Branch Banking & Trust Co
Aug 24, 2012
$513,000
Kushi LLC
Southpark Village Invs II LLC
Grant Deed
$384,750 · Branch Banking & Trust Co
Jul 30, 2010
—
Southpark Village Invs II LLC
Southpark Village Invs I LLC
Quit Claim Deed
related
$2,945,000 · Branch Banking & Trust Co
—
—
Kushi LLC
—
Deed Of Trust
related
$734,236 · Bank Of America
—
—
Kushi LLC
—
Deed Of Trust
related
$372,339 · Branch Banking & Trust Co
—
—
Kushi LLC
—
Deed Of Trust
related
$903,000 · Branch Banking & Trust Co
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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