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Property profile & analytics
OFF-MARKET
Estimated value
$1,945,000
Medical Office Space
320 Gideon Crk Way, Raleigh, NC 27603-3584
Entity Owned
~
Est. High Equity
Property ID
US53-5831997
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
CONCRETE BLOCKS
Total area
8,664 SF
Lot
1.39 ac (60,548 SF)
Zoning code
IX-3
APN
1702.18-40-9855 0311754
UPID
US53-5831997
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
-
Capital Nephrology Associates Physician Medical Clinic
-
Dr. James E. Godwin Jr, MD Physician
-
Fresenius Kidney Care Southwest Wake Medical Clinic
-
Dr. Kevin M. Lee, MD Physician
-
Dr. Robert S. Schmidt, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$1.95M
Owner & transaction history
Sg Mortgage Finance Corp
Sg Mortgage Finance Corp
since 2026
7 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+4.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,095,000
6.5%
$1,935,000
7%
$1,795,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,730,000
Current use
OFFICE BUILDING
$2,865,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,555,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.75M – $2.14M · ±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
$224 / 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
$18,614
Tax year 2023
Assessed value
$1,707,696
Assessed 2023
Previous assessed
$1,707,696
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$305,162
Assessed improvement
$1,402,534
Land market value
$305,162
Improvement market value
$1,402,534
Total market value
$1,707,696
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
2004
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,664 SF
Lot
1.39 ac (60,548 SF)
Zoning code
IX-3
APN
1702.18-40-9855 0311754
UPID
US53-5831997
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2004
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Sg Mortgage Finance Corp
Entity
Mailing address
704 MARLOWE RD, RALEIGH, NC 27609-7024
Ownership since
2026
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
Apr 6, 2026
$3,000,000
Sg Mortgage Finance Corp
Wright Bus1nes Associates LLC
Special Warranty Deed
$3,092,000 · National Medical Emps Credit Union
May 18, 2022
—
Wright Business Associates LLC
—
Deed
related
$1,825,000 · Firstbank
Mar 27, 2019
—
Wright Business Associates LLC
—
Deed
related
$150,000 · Xenith Bk
Feb 7, 2019
$2,540,000
Wright Business Associates LLC
Dialysis Owners LLC
Grant Deed
$1,931,000 · Xenith Bk
Jun 29, 2017
$4,513,000
Dialysis Owners LLC
Nogfr Associates LLC
Warranty Deed
—
Mar 11, 2005
$1,279,500
Nogfr Associates LLC
Rkb Associates
Warranty Deed
—
—
—
Wright Business Associates LLC
—
Deed Of Trust
related
$150,000 · Xenith Bk
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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