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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Medical Office Space
1503 Rd St, Elizabeth City, NC 27909-3243
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-4194104
Property summary
AI-generated overview
This exceptional Class A medical office building, located at 1503 N Road St, Elizabeth City, NC 27909, presents a unique leasing opportunity. The property, built in 2002, encompasses 21,387 square feet across two stories and sits on a 2.18-acre lot. The building features one elevator and is currently configured as a multi-tenant facility with two suites. A significant portion of the building, totaling 6,068 square feet, is currently vacant and available for lease. This space offers flexibility, with minimum divisible space of 1,550 square feet and a maximum contiguous space of 6,068 square feet, accommodating a range of medical practices. The building's previous tenant was Virginia Oncology Associates, highlighting its suitability for various medical specialties. The property's prime location in Elizabeth City, North Carolina, offers excellent visibility and accessibility for patients and staff. This is an ideal opportunity for healthcare providers seeking modern, well-maintained office space in a thriving community. The building's amenities include ample parking and a convenient location. Interested parties should inquire about lease terms and availability.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
FRAME
Lot
2.18 ac (94,787 SF)
Zoning code
GB
APN
891503424310
UPID
US53-4194104
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
-
Peter Mitrev Ophthalmologist
-
Daniel Mosquera Atienza Physician
-
Adam Trowbridge Lipman Ophthalmologist
-
Jitendra Swarup Ophthalmologist
-
Adam Lipman Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
No Taco Elizabeth City LLC · 4 yrs held
No Taco Elizabeth City LLC
since 2021
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
GB · Elizabeth City, 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 Elizabeth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth City 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)
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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
$1,400,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10% · vs last sale $1.30M (Nov 8 2021)
Last sale anchor
$1.30M
Nov 8 2021
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
—
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
$777,040
Tax year 2023
Assessed value
$6,367,700
Assessed 2023
Previous assessed
$6,367,700
+0.0% YoY
Effective rate
12.20%
On assessed value
Land market value
$516,400
Improvement market value
$5,851,300
Total market value
$6,367,700
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
2002
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Units
1
Lot
2.18 ac (94,787 SF)
Zoning code
GB
APN
891503424310
UPID
US53-4194104
Jurisdiction
PASQUOTANK
Zoning & alternative use
GB · Elizabeth City, NC
Zoning GB · permitted uses
GB · Elizabeth City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elizabeth City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Units
1
Lot
2.18 ac
Current owner
From public records · entity-resolved
No Taco Elizabeth City LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4622 PENNSYLVANIA AVE, KANSAS CITY, MO 64112-1444
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2021
$1,303,500
No Taco Elizabeth City LLC
Nikpri LLC
Special Warranty Deed
—
Jun 29, 2020
$6,455,000
F&r Medical Properties Ec LLC
Nikpri LLC
Special Warranty Deed
$13,100,000 · Sunflower Bank NA
Nov 10, 2016
—
Nikpri LLC
Melody Morrow
Warranty Deed
—
Oct 21, 2016
—
Nikpri LLC
Jitndra Swarup
Warranty Deed
$2,465,000 · First Citizens Bank & Trust Co
Oct 7, 2016
—
Jitendra Swarup
Solus Nobis Holdings
Warranty 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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