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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Medical Office Space
161 Kodiak Ln, Mount Airy, NC 27030-5399
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-4671167
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Total area
5,400 SF
Lot
0.83 ac (36,155 SF)
Zoning code
B2
APN
5020-19-50-0188
UPID
US53-4671167
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
-
Lane & Associates Family Dentistry - Mt. Airy Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$625k
Owner & transaction history
Lane Dental Prop LLC · 5 yrs held
Lane Dental Prop LLC
since 2021
Last sale
$625,000
4 recorded transactions
Zoning & alternative use
B2 · Mount Airy, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$575,000
+19.1%
Auto repair, garage
$550,000
+13.6%
Retail stores
$525,000
+9.1%
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 Mount Airy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Airy 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
$670,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$485,000
Current use
COMMERCIAL (GENERAL)
$575,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$550,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$525,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$470,000
Change: -3% · Conversion: Moderate
RESTAURANT
$465,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Jun 10 2021)
Last sale anchor
$625k
Jun 10 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
$116 / 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
$4,358
Tax year 2024
Assessed value
$789,550
Assessed 2024
Previous assessed
$789,550
+0.0% YoY
Effective rate
0.55%
On assessed value
Assessed land
$231,390
Assessed improvement
$558,160
Land market value
$231,390
Improvement market value
$558,160
Total market value
$789,550
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
1993
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
5,400 SF
Lot
0.83 ac (36,155 SF)
Zoning code
B2
APN
5020-19-50-0188
UPID
US53-4671167
Jurisdiction
SURRY
Zoning & alternative use
B2 · Mount Airy, NC
Zoning B2 · permitted uses
B2 · Mount Airy, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Airy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$485,000
COMMERCIAL (GENERAL)
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$550,000
RETAIL STORES
Est. value
$525,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$470,000
RESTAURANT
Est. value
$465,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1993
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Lane Dental Prop LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 2230, ANGIER, NC 27501-2230
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2021
$625,000
Lane Dental Prop LLC
Grady E Slate
Warranty Deed
—
Jun 2, 2021
—
Grady E Slate
E And Slate Ventures LLC
Warranty Deed
—
Dec 30, 2016
—
E And P Slate Ventures LLC
Geraldine S Slate
Intrafamily Transfer
related
—
Jun 2, 2015
—
E & P Slate Ventures LLC
Edward Slate Grady
Intrafamily Transfer
related
—
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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