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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Medical Office Space
207 Mdw Rd Eden, NC 27288-3468
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4772937
Property summary
AI-generated overview
This Class A, 12,000 square foot medical office building in Eden, North Carolina, presents a compelling value-add investment opportunity. Located at 207 E Meadow Rd, in Rockingham County (zip code 27288), this single-story building, constructed in 2015, sits on a 43,124 square foot lot and is zoned BH. Currently operating with a 50% occupancy rate across six units under gross lease agreements, the property offers significant potential for increased revenue. Several short-term leases are in place, providing immediate cash flow, while available vacant space allows for owner-occupancy or lease expansion. Its prime location near the new Purina Pet Plant and Highway 14 ensures high visibility and accessibility. This multi-tenant property is ideal for a 1031 exchange. The asking price is $1,000,000. Note that a non-disclosure agreement is required to access lease information. The property is being offered via online auction, with bidding opening December 4th, 2024 and closing December 18th, 2024. The seller reserves the right to accept offers prior to the auction opening.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Total area
12,008 SF
Lot
0.99 ac (43,124 SF)
Zoning code
HWY BUS EDEN
APN
7080-14-24-5861-00
UPID
US53-4772937
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. Clarence H. Beavers Physician Medical Clinic
-
Beavers Dermatology & Skin Srg Physician Medical Clinic
-
Physical Therapy & Hand Specialists Physician
-
Stephen Kikel Pediatrician Physician
-
Dr. Douglas Browning Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.21M
Owner & transaction history
STRICKLAND TATE LLC
STRICKLAND TATE LLC
Zoning & alternative use
HWY BUS EDEN · Eden, 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 Eden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eden 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,315,000
Current use
OFFICE BUILDING
$1,250,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,185,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$1,075,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±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
$101 / 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
$14,492
Tax year 2023
Assessed value
$1,111,326
Assessed 2023
Previous assessed
$1,111,326
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$215,620
Assessed improvement
$895,706
Land market value
$215,620
Improvement market value
$895,706
Total market value
$1,111,326
Applied tax rate
102.0000
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
2015
Heating
HEAT PUMP
Stories
1
Total area
12,008 SF
Lot
0.99 ac (43,124 SF)
Zoning code
HWY BUS EDEN
APN
7080-14-24-5861-00
UPID
US53-4772937
Jurisdiction
ROCKINGHAM
Zoning & alternative use
HWY BUS EDEN · Eden, NC
Zoning HWY BUS EDEN · permitted uses
HWY BUS EDEN · Eden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2015
Heating
HEAT PUMP
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
STRICKLAND TATE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
203 E MDW RD, EDEN, NC 27288-3415
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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