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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Medical Office Space
2500 Vlg Dr Fayetteville, NC 28304-3748
Individually Owned
Free & Clear
Property ID
US53-1205450
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1999
Total area
9,744 SF
Lot
1.36 ac (59,242 SF)
Zoning code
OI
APN
0426-37-5687
UPID
US53-1205450
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
-
Catlett Family Dentistry Dental Office
-
Carolina Family Practice Center: Franco Jorge L MD Pediatrician Physician
-
Carolina Neurology Associates PLLC Physician Medical Clinic
-
Carolina Neurology Associates PLLC: Gadipudi Venugopal MD Physician Medical Clinic
-
Joseph Catlett Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$672k
Blend (final)
Blend
$1.05M
Owner & transaction history
Frances Mills Franco
Frances Mills Franco
since 2025
5 recorded transactions
Zoning & alternative use
OI · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Residential 6 (SF-6) District 30-3.D.5. Mixed Residential 5 (MR-5) District 30-3.D.6. Manufactured Home (MH) District 30-3.E. Business Base Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (OI) District 30-3.E.3. Neighborhood Commercial (NC) District 30-3.E.4. Limited Commercial (LC) District 30-3.E.5. Community Commercial (CC)…
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
637.54 ac
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 Fayetteville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fayetteville 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
$1,645,000
Current use
AUTO REPAIR, GARAGE
$1,630,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$1,400,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$107 / 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
$18,274
Tax year 2023
Assessed value
$1,273,809
Assessed 2023
Previous assessed
$1,273,809
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$312,872
Assessed improvement
$960,937
Land market value
$312,872
Improvement market value
$960,937
Total market value
$1,273,809
Applied tax rate
1,000.0000
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 CLINIC
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Bathrooms
4
Total area
9,744 SF
Lot
1.36 ac (59,242 SF)
Zoning code
OI
APN
0426-37-5687
UPID
US53-1205450
Jurisdiction
CUMBERLAND
Zoning & alternative use
OI · Fayetteville, NCZoning OI · permitted uses
OI · Fayetteville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Residential 6 (SF-6) District 30-3.D.5. Mixed Residential 5 (MR-5) District 30-3.D.6. Manufactured Home (MH) District 30-3.E. Business Base Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (OI) District 30-3.E.3. Neighborhood Commercial (NC) District 30-3.E.4. Limited Commercial (LC) District 30-3.E.5. Community Commercial (CC) District 30-3.E.6. Mixed-Use (MU) District 30-3.E.7.A. Business Park (BP) District
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
637.54 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1999
Heating
NONE
Stories
1
Bathrooms
4
Lot
1.36 ac
Current owner
From public records · entity-resolved
Frances Mills Franco
Individual
Free & Clear · 0 yrs held
Mailing address
212 GREY FOX LN, FAYETTEVILLE, NC 28303-5098
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Aug 27, 2025
—
Frances Mills Franco
Jorge L Franco
Deed
related
—
Sep 8, 2023
—
Jorge Franco
—
Deed
related
$441,084 · Bank Of America NA
Aug 30, 2016
—
Jorge L Franco
—
Deed
related
$730,000 · Bank Of America
—
—
Jorge L Franco
—
Deed Of Trust
related
$730,000 · Bank Of America
—
—
Jorge L Franco
—
Deed Of Trust
related
$1,150,000 · Bank Of America
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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