Entity Owned 
For Sale
1 / 2
$2,400,000
241 Freedom Way, Jacksonville, NC 28544
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Property summary
AI-generated overview
The property is a 10,438-square-foot medical office building located in Midway Park, North Carolina, situated on a 0.99-acre site. The building underwent complete renovation in 2017 and had a roof replacement in 2020. It is positioned along Highway 24 near the Piney Green Gate entrance to Camp Lejeune Marine Corps Base and is located within the Piney Green Shopping Center. The site offers convenient access and is surrounded by retail activity, with frontage along Hwy 24 and adjacency to nearby commercial tenants including Starbucks. The property is configured for medical office use and is supported by a leasing history.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Total area
10,646 SF
Lot
0.99 ac (43,120 SF)
Zoning code
CC
APN
48746
UPID
US53-1577569
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pediatrician Physician
-
Foster Care Service Social Service Agency
-
Physician
-
Physician Medical Clinic
-
Physician Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$886k
Blend (final)
Blend
$735k
Owner & transaction history
since 2007
2 recorded transactions
Zoning & alternative use
CC · Midway Park, NC
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$735k
Value range
$662k – $809k
±10% around blend
Estimated value / SF
$69 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$662k
blend $735k
$809k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,646 SF
Lot area
0.99 ac
Year built
1989
Stories
1
APN
48746
Zoning
CC
Assessed value
$2,154,400
Annual tax
$27,038
3
Income approach: direct capitalization
Partial preview
Income approach indication
$860k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$930k
@ 6.5% CAP return
$860k
@ 7% CAP return
$800k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$27,038
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$886k
Range $485k – $1.22M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$735k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 27 sales
$233
-70%
County 27 sales
$233
-70%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $69/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Selected market yield
5.38%
Selected cap rate for this other industrial properties
Derived from the Jacksonville market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.38%
9.0%
NOI (est.)
$129k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.40M
Move the market yield to see immediate price impact.
Value / SF
$226
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.88%5.38%5.88%
$116k
$2.38M
$2.16M
$1.98M
$129k
$2.65M
$2.40M
$2.20M
$142k
$2.91M
$2.64M
$2.42M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,038
Tax year 2023
Assessed value
$2,154,400
Assessed 2023
Previous assessed
$2,154,400
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$474,320
Assessed improvement
$1,680,080
Land market value
$474,320
Improvement market value
$1,680,080
Total market value
$2,154,400
Applied tax rate
1,220.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1989
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
41
Total area
10,646 SF
Lot
0.99 ac (43,120 SF)
Zoning code
CC
APN
48746
UPID
US53-1577569
Jurisdiction
ONSLOW
Zoning & alternative use
CC · Midway Park, NCZoning CC · permitted uses
CC · Midway Park, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1989
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
41
Lot
0.99 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CC
Jurisdiction
Midway Park, NC
Recorded code
CC
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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