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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Office Spaces
2076-300 Nc 42nd Hwy 300 Clayton, NC 27520
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2066043
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2009
Total area
9,774 SF
Lot
0.6 ac (26,136 SF)
Zoning code
OFF
APN
05G03004F
UPID
US53-2066043
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.96M
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$2.94M
Owner & transaction history
Johnston Memorial Hospital Authorit · 4 yrs held
Johnston Memorial Hospital Authorit
since 2022
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
OFF · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+6.6%
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 Clayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clayton 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
$2,930,000
ML approach
$2,955,000
CAP Approach
CAP Return
Estimation
6%
$2,665,000
6.5%
$2,460,000
7%
$2,285,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,045,000
Current use
RESTAURANT
$2,180,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±10% · vs last sale $2.95M (Jun 30 2022)
Last sale anchor
$2.95M
Jun 30 2022
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
$301 / 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
Assessed value
$1,984,320
Assessed 2024
Previous assessed
$1,746,980
+13.6% YoY
Assessed improvement
$1,984,320
Improvement market value
$1,984,320
Total market value
$1,984,320
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Total area
9,774 SF
Lot
0.6 ac (26,136 SF)
Zoning code
OFF
APN
05G03004F
UPID
US53-2066043
Jurisdiction
JOHNSTON
Zoning & alternative use
OFF · Clayton, NCZoning OFF · permitted uses
OFF · Clayton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING Current
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Johnston Memorial Hospital Authorit
Individual
Mailing address
PO BOX 1376, SMITHFIELD, NC 27577-1376
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Jun 30, 2022
$2,950,000
Johnston Memorial Hospital Authorit
Triangle Orthopaedics Re Group LLC
Warranty Deed
$2,500,000 · First Citizens Bank & Trust Co
Nov 23, 2021
$2,242,000
Jack1 LLC
Triangle Orthopaedics Real Estate G
Special Warranty Deed
—
Jan 21, 2021
—
Triangle Orthopaedics Real Est
—
Deed
related
$3,400,000 · First Citizens Bk
Jul 17, 2012
—
Triangle Orthopaedics Real Est
Johnston Memorial Hospital Aut
Grant Deed
$3,270,000 · First Citizens Bank & Trust Co
—
—
Triangle Orthopaedics Real Est
—
Loan Modification
related
$3,400,000 · First Citizens Bk
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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