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Property profile & analytics
OFF-MARKET
Estimated value
$9,805,000
Medical Office Space
269 Gillman Rd, Denver, NC 28037-7922
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2953817
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
26,132 SF
Lot
1.79 ac (77,885 SF)
Zoning code
ELDD B-G
APN
87289
UPID
US53-2953817
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
-
Novant Health Rehabilitation Center - Denver Occupational Medical Physician Sports Medicine Clinic
-
Novant Health Harbor Pointe OB/GYN - Denver Physician
-
Dr. Keith McManus, MD Physician
-
Novant Health Gohealth Urgent Care-Denver Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.81M
Owner & transaction history
Lipt Gilman Road LLC · 4 yrs held
Lipt Gilman Road LLC
since 2022
Last sale
$12.5M
5 recorded transactions
Zoning & alternative use
ELDD B-G · Denver, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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
$10,820,000
ML approach
$7,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.81M
Range $8.82M – $10.79M · ±10% · vs last sale $12.50M (Jun 29 2022)
Last sale anchor
$12.50M
Jun 29 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
$375 / 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
$44,397
Tax year 2023
Assessed value
$7,362,321
Assessed 2023
Previous assessed
$7,362,321
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$960,039
Assessed improvement
$6,402,282
Land market value
$960,039
Improvement market value
$6,402,282
Total market value
$7,362,321
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
2017
Heating
YES
Cooling
YES
Stories
2
Total area
26,132 SF
Lot
1.79 ac (77,885 SF)
Zoning code
ELDD B-G
APN
87289
UPID
US53-2953817
Jurisdiction
LINCOLN
Zoning & alternative use
ELDD B-G · Denver, NC
Zoning ELDD B-G · permitted uses
ELDD B-G · Denver, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Heating
YES
Cooling
Yes
Stories
2
Lot
1.79 ac
Current owner
From public records · entity-resolved
Lipt Gilman Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
333 W WACKER DR STE #2300, CHICAGO, IL 60606-1266
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 29, 2022
$12,500,000
Lipt Gilman Road LLC
Chp Lakc Norman Mob Owner LLC
Special Warranty Deed
—
Jun 13, 2018
—
Chp,lake Norman Mob Dst Trust
Chp Lake Norman Mob LLC
Quit Claim Deed
related
—
Sep 22, 2017
—
Mpv Denver Mob LLC
—
Grant Deed
related
$1,729,695 · First Bk
Feb 24, 2017
—
Mpv Denver Mob LLC
—
Grant Deed
related
$5,291,626 · First Bk
Nov 14, 2016
$1,200,000
Mpv Denver Mob LLC
Gore,gwenlo F & Carl E
Warranty Deed
—
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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