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Property profile & analytics
OFF-MARKET
Medical Office Space
2945 New Bern Ave, Raleigh, NC 27610-1213
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-3240155
Property summary
AI-generated overview
This exceptional investment opportunity presents a fully leased, single-tenant medical office building situated at 2945 New Bern Avenue in Raleigh, North Carolina. The 7,250 square foot building, constructed in 2005, sits on a 0.99-acre lot and is zoned OX-3. Its prime location offers convenient access to I-440 and Downtown Raleigh, and enjoys a highly visible position directly across New Bern Avenue from WakeMed's main campus. The property features a single-story design and is currently fully occupied by a tenant with a proven track record, operating ten locations, since 2014. The building's interior is comprehensively equipped with 20 exam rooms, each with associated plumbing, reflecting a substantial investment in medical-specific infrastructure. The asking price is $2,500,000, translating to $344.83 per square foot. This represents a compelling opportunity for investors seeking a stable, high-performing asset in a thriving medical market. The property's strong tenant history and strategic location contribute to its significant long-term potential.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
BRICK
Total area
7,250 SF
Lot
0.99 ac (43,124 SF)
Zoning code
OX-3
APN
1724.17-11-3264 0016132
UPID
US53-3240155
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
-
Night & Day Dental Dental Office
-
Dr. David W. Nightingale, DDS Dental Office
-
Uhlir Nicholas DDS Dental Office
-
Tiffee John C DDS Dental Office
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Dr. Marmar Jowza, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
West And O Brien Properties II LLC · 1 yrs held
West And O Brien Properties II LLC
since 2025
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,127
Tax year 2023
Assessed value
$1,112,547
Assessed 2023
Previous assessed
$1,112,547
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$550,004
Assessed improvement
$562,543
Land market value
$550,004
Improvement market value
$562,543
Total market value
$1,112,547
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
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
5
Total area
7,250 SF
Lot
0.99 ac (43,124 SF)
Zoning code
OX-3
APN
1724.17-11-3264 0016132
UPID
US53-3240155
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.
Building & site characteristics
From public records
Year built
2005
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
5
Lot
0.99 ac
Current owner
From public records · entity-resolved
West And O Brien Properties II LLC
Entity
Mailing address
1002 LK BOONE TRL, RALEIGH, NC 27607-6715
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
$2,300,000
West And O Brien Properties II LLC
New Bern Avenue LLC
Special Warranty Deed
$2,300,000 · The Fidelity Bank
Jan 25, 2018
—
New Bern Avenue LLC
—
Deed
related
$1,200,000 · Southern First Bk NA
Jan 29, 2015
—
New Bern Avenue LLC
Wirick Realty LLC
Grant Deed
related
—
Mar 28, 2005
$500,000
Wirick Realty LLC
Wirick,matthew S
Quit Claim Deed
related
—
Apr 16, 2004
$500,000
Matthew S Wirick
Capital New Bern Rental LLC
Grant Deed
—
Feb 26, 2003
$274,000
Capital New Bern Rental Ll
Capital Mortgage
Grant Deed
related
—
—
—
New Bern Avenue LLC
—
Deed Of Trust
related
$1,432,090 · First Citizens Bk
—
—
Wirick Realty LLC
—
Deed Of Trust
related
$100,000 · Wachovia Bank NA
—
—
New Bern Avenue LLC
—
Deed Of Trust
related
$1,200,000 · Southern First Bk NA
—
—
Wirick Realty LLC
—
Deed Of Trust
related
$250,000 · Wachovia Bank NA
—
—
Wirick Realty LLC
—
Deed Of Trust
related
$300,000 · First Citizens Bank & Trust Co
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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