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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Medical Office Space
309 Pineywood Rd Thomasville, NC 27360-3438
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1394487
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,269 SF
Lot
2.17 ac (94,525 SF)
Zoning code
OI
APN
16-325-0-000-0132
UPID
US53-1394487
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
-
Dr. Eric W. Beck, MD Pediatrician Physician
-
Tiffany Floyd Foster Care Service Social Service Agency
-
Dr. Sirajuddin Ismail Physician
-
Mathews Philip Pediatrician Physician
-
Jagannath Subedi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.40M
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
Bermuda Run Properties LLC · 2 yrs held
Bermuda Run Properties LLC
since 2024
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
OI · Thomasville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is defined as certain land areas with structures that provide office space for professional services and for certain institutional functions; and residential accommodations, usually medium or high density. The district is normally small, and may include older homes undergoing conversion. The district is usually situated between business and res…
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
281.58 ac
Source
Realmo
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 Thomasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thomasville 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
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
$2,765,000
6.5%
$2,555,000
7%
$2,370,000
Alternative Use
Use
Estimation
RESTAURANT
$1,815,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Apr 11 2024)
Last sale anchor
$2.40M
Apr 11 2024
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
$196 / 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
$15,820
Tax year 2023
Assessed value
$1,363,780
Assessed 2023
Previous assessed
$1,363,780
+0.0% YoY
Effective rate
1.16%
On assessed value
Land market value
$130,200
Improvement market value
$1,233,580
Total market value
$1,363,780
Applied tax rate
16.0000
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 BUILDING
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
5
Total area
12,269 SF
Lot
2.17 ac (94,525 SF)
Zoning code
OI
APN
16-325-0-000-0132
UPID
US53-1394487
Jurisdiction
DAVIDSON
Zoning & alternative use
OI · Thomasville, NCZoning OI · permitted uses
OI · Thomasville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is defined as certain land areas with structures that provide office space for professional services and for certain institutional functions; and residential accommodations, usually medium or high density. The district is normally small, and may include older homes undergoing conversion. The district is usually situated between business and residential districts, and the regulations are designed to permit development of the enumerated functions and still protect and be compatible with nearby residential districts.
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
281.58 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.8M
RESTAURANT
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
5
Lot
2.17 ac
Current owner
From public records · entity-resolved
Bermuda Run Properties LLC
Entity
Mailing address
6621 LINVILLE RDG DR, OAK RIDGE, NC 27310-9113
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
$2,400,000
Bermuda Run Properties LLC
Gemcap Development LLC
Special Warranty Deed
$2,040,000 · Bank Of Oak Ridge
Jun 15, 2022
$1,850,000
Gemcap Development LLC
Thomasville Medical Properties
Special Warranty Deed
$2,206,852 · First Bank
—
—
Thomasville Medical Properties
—
Deed Of Trust
related
$1,102,500 · First Community Bank
—
—
Thomasville Medical Properties
—
Deed Of Trust
related
$45,000 · Lexington State Bank
—
—
Thomasville Medical Properties
—
Deed Of Trust
related
$990,000 · First Community Bank
—
—
Thomasville Medical Properties
—
Deed Of Trust
related
$1,250,000 · Newbridge Bank
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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