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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Medical Office Space
2609 Horner Blvd, Sanford, NC 27332-8032
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-2852914
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
5,285 SF
Lot
0.85 ac (37,026 SF)
APN
9652-71-4870-00
UPID
US53-2852914
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
-
Cardinal Heart & Vascular, PLLC Physician
-
Dr. Francesco R. Olivito, DO Pediatrician Physician
-
Jayawardena Suriya MD Physician
-
Rapid Care, PLLC Medical Clinic
-
Rapid care Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$580k
Owner & transaction history
Ssa Of Sanford LLC · 9 yrs held
Ssa Of Sanford LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$755,000
+86.1%
Restaurant
$570,000
+39.8%
Auto repair, garage
$475,000
+16.5%
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 Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford 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%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$405,000
Current use
COMMERCIAL (GENERAL)
$755,000
Change: +86% · Conversion: Easy
RESTAURANT
$570,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$475,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$455,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$110 / 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
$14,211
Tax year 2023
Assessed value
$1,199,200
Assessed 2023
Previous assessed
$1,199,200
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$329,900
Assessed improvement
$869,300
Land market value
$329,900
Improvement market value
$869,300
Total market value
$1,199,200
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
2005
Heating
YES
Cooling
NONE
Stories
1
Units
1
Total area
5,285 SF
Lot
0.85 ac (37,026 SF)
APN
9652-71-4870-00
UPID
US53-2852914
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
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
MEDICAL BUILDING Current
Est. value
$405,000
COMMERCIAL (GENERAL)
Est. value
$755,000
RESTAURANT
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$475,000
RETAIL STORES
Est. value
$455,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2005
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Ssa Of Sanford LLC
Entity
Mailing address
2609 S HORNER BLVD, SANFORD, NC 27332-8032
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
May 19, 2021
—
Ssa Of Sanford LLC
—
Deed
related
$988,550 · First Bank
Apr 26, 2017
$1,020,000
Ssa Of Sanford LLC
Csd LLC
Warranty Deed
$203,000 · Csd LLC
Feb 20, 2013
$975,000
Csd LLC
Rapid Centers LLC
Warranty Deed
$784,000 · Wells Fargo Bank NA
Dec 17, 2004
$297,000
Rapid Centers LLC
Waac Corp
Warranty Deed
$787,500 · Rbc Centura Bank
—
—
Rapid Centers LLC
—
Deed Of Trust
related
$760,000 · Crescent State Bank
—
—
Rapid Centers LLC
—
Deed Of Trust
related
$87,500 · Rbc Centura Bank
—
—
Csd LLC
—
Deed Of Trust
related
$897,087 · Select Bank & Trust
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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