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Property profile & analytics
OFF-MARKET
Estimated value
$5,145,000
Medical Office Space
1565 Orch Villas Ave Apex, NC 27502-4321
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1942123
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Construction
BRICK
Total area
12,238 SF
Lot
1.55 ac (67,518 SF)
Zoning code
TND-CU
APN
0742.09-07-2301 0012371
UPID
US53-1942123
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
-
Colin N. Chao, MD Pediatrician Physician
-
Hongtao Guo Physician
-
Angelo Milazzo Physician
-
Amritpal Kaur Gill Pediatrician Physician
-
Linh Nguyen, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.79M
Blend (final)
Blend
$5.15M
Owner & transaction history
Duke University Health System INC · 4 yrs held
Duke University Health System INC
since 2021
Last sale
$5.5M
1 recorded transaction
Zoning & alternative use
TND-CU · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.7M
+69.6%
Restaurant
$6.6M
+66.1%
Auto repair, garage
$4.2M
+6.3%
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 Apex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apex 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
$7,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,975,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,745,000
Change: +70% · Conversion: Difficult
RESTAURANT
$6,605,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,225,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,070,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$5.15M
Range $4.63M – $5.66M · ±10% · vs last sale $5.52M (Jul 1 2020)
Last sale anchor
$5.52M
Jul 1 2020
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
$420 / 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
$34,699
Tax year 2023
Assessed value
$3,163,124
Assessed 2023
Previous assessed
$3,163,124
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$473,977
Assessed improvement
$2,689,147
Land market value
$473,977
Improvement market value
$2,689,147
Total market value
$3,163,124
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
2016
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,238 SF
Lot
1.55 ac (67,518 SF)
Zoning code
TND-CU
APN
0742.09-07-2301 0012371
UPID
US53-1942123
Jurisdiction
WAKE
Zoning & alternative use
TND-CU · Apex, NC
Zoning TND-CU · permitted uses
TND-CU · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apex. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
RESTAURANT
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.1M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2016
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Duke University Health System INC
Entity
Free & Clear · 4 yrs held
Mailing address
195 NN ST STE #100, TETERBORO, NJ 07608-1216
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
—
Duke University Health System INC
Cnlv Dukapexnc LLC
Lease
—
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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