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Property profile & analytics
OFF-MARKET
Estimated value
$10,865,000
Medical Office Space
2304 Wesvill Ct, Raleigh, NC 27607-0058
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1757182
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
BRICK
Total area
37,851 SF
Lot
2.21 ac (96,268 SF)
Zoning code
OX-3
APN
0795.17-01-4500 0288724
UPID
US53-1757182
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. Pamela Mbang Physician
-
Laurie Hogan Physician
-
Sujan Joshi Physician
-
Jeffrey Napolitano Physician Medical Clinic
-
Priti Patwari Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.64M
CAP Approach
CAP
$9.02M
Comparable Approach
Comparable
$10.61M
Blend (final)
Blend
$10.87M
Owner & transaction history
Curtis Kennelly LLC · 4 yrs held
Curtis Kennelly LLC
since 2021
Last sale
$11.1M
7 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.9M
+24.6%
Commercial (general)
$12.3M
+2.9%
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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
$13,755,000
ML approach
$10,640,000
CAP Approach
CAP Return
Estimation
6%
$9,765,000
6.5%
$9,015,000
7%
$8,370,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$11,935,000
Current use
RETAIL STORES
$14,875,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,275,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,160,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$10.87M
Range $9.78M – $11.95M · ±10% · vs last sale $11.10M (Nov 23 2021)
Last sale anchor
$11.10M
Nov 23 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
$287 / 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
$80,308
Tax year 2023
Assessed value
$7,367,672
Assessed 2023
Previous assessed
$7,367,672
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,044,557
Assessed improvement
$6,323,115
Land market value
$1,044,557
Improvement market value
$6,323,115
Total market value
$7,367,672
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
2002
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
37,851 SF
Lot
2.21 ac (96,268 SF)
Zoning code
OX-3
APN
0795.17-01-4500 0288724
UPID
US53-1757182
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NC
Zoning OX-3 · permitted uses
OX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$11.9M
RETAIL STORES
Est. value
$14.9M
COMMERCIAL (GENERAL)
Est. value
$12.3M
AUTO REPAIR, GARAGE
Est. value
$11.2M
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2002
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.21 ac
Current owner
From public records · entity-resolved
Curtis Kennelly LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2304 WESVILL CT STE #360, RALEIGH, NC 27607-2981
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
—
Curtis Kennelly LLC
Flagship Raleigh Wesvill LLC
Deed
—
Nov 23, 2021
$11,100,000
Curtis Kennelly LLC
Flacship Raleigh Wesvill LLC
Special Warranty Deed
$100,000 · Cogent Bank
Oct 1, 2020
—
Flagship Raleigh Wesvill LLC
Broyhill Raleigh Wesvill LLC
Grant Deed
related
—
Aug 28, 2015
$6,900,000
Flagship Raleigh Wesvill LLC
Wesvill Properties LLC
Trustees Deed
related
$8,418,000 · Communityone Bk NA
—
—
Wesvill Properties LLC
—
Deed Of Trust
related
$150,000 · Bank Of North Carolina
—
—
Wesvill Properties LLC
—
Deed Of Trust
related
$4,700,000 · Bank Of North Carolina
—
—
Wesvill Properties LLC
—
Deed Of Trust
related
$70,000 · Bank Of Nc
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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