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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Medical Office Space
1704 Main St, Wake Forest, NC 27587-7323
Entity Owned
8-yr Hold
Property ID
US53-1619576
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Construction
FRAME
Total area
7,401 SF
Lot
0.83 ac (36,155 SF)
Zoning code
NB
APN
1840.03-03-4236 0168202
UPID
US53-1619576
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
-
Wake Forest Family Dentistry: Eric J Wagoner DDS Dental Office
-
Edmond Suh Dental Office
-
Supremia Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.56M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.39M
Owner & transaction history
Cjn Investments LLC · 8 yrs held
Cjn Investments LLC
since 2018
4 recorded transactions
Zoning & alternative use
NB · Wake Forest, 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 Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest 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%
$1,690,000
6.5%
$1,560,000
7%
$1,445,000
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±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
$187 / 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
$18,484
Tax year 2023
Assessed value
$1,590,710
Assessed 2023
Previous assessed
$1,590,710
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$216,930
Assessed improvement
$1,373,780
Land market value
$216,930
Improvement market value
$1,373,780
Total market value
$1,590,710
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
2020
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
10
Bathrooms
2
Total area
7,401 SF
Lot
0.83 ac (36,155 SF)
Zoning code
NB
APN
1840.03-03-4236 0168202
UPID
US53-1619576
Jurisdiction
WAKE
Zoning & alternative use
NB · Wake Forest, NC
Zoning NB · permitted uses
NB · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Cjn Investments LLC
Entity
Mailing address
1711 S MAIN ST, WAKE FOREST, NC 27587-9287
Ownership since
2018
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
Apr 10, 2018
$451,000
Cjn Investments LLC
Redp LLC
Warranty Deed
$3,041,000 · Southern Bk
Apr 5, 2018
—
Redp LLC
Optimal Living LLC
Warranty Deed
related
—
Sep 7, 2017
$347,500
Optimal Living LLC
Ray,larry H
Warranty Deed
—
Dec 22, 2006
$120,000
Lapriesta Ramsey
Mayo,steven
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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