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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Specialty properties
3240 Rogers Rd, Wake Forest, NC 27587-3804
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-3984427
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2020
Construction
FRAME
Total area
5,452 SF
Lot
2.11 ac (91,912 SF)
Zoning code
NB
APN
1840.03-20-8842 0436576
UPID
US53-3984427
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
-
Heritage Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$768k
Blend (final)
Blend
$615k
Owner & transaction history
Heritage Vets PLLC · 10 yrs held
Heritage Vets PLLC
since 2016
3 recorded transactions
Zoning & alternative use
NB · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$975,000
+90.7%
Office building
$955,000
+87.1%
Restaurant
$890,000
+74.0%
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 Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$510,000
Current use
RETAIL STORES
$975,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$955,000
Change: +87% · Conversion: Difficult
RESTAURANT
$890,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$880,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$845,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$545,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$113 / 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
$21,012
Tax year 2023
Assessed value
$1,808,231
Assessed 2023
Previous assessed
$1,808,231
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$735,296
Assessed improvement
$1,072,935
Land market value
$735,296
Improvement market value
$1,072,935
Total market value
$1,808,231
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,452 SF
Lot
2.11 ac (91,912 SF)
Zoning code
NB
APN
1840.03-20-8842 0436576
UPID
US53-3984427
Jurisdiction
WAKE
Zoning & alternative use
NB · Wake Forest, NC
Zoning NB · permitted uses
NB · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$510,000
RETAIL STORES
Est. value
$975,000
OFFICE BUILDING
Est. value
$955,000
RESTAURANT
Est. value
$890,000
MEDICAL BUILDING
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$545,000
VETERINARY, ANIMAL HOSPITAL Current
RETAIL STORES
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2020
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Heritage Vets PLLC
Individual
Mailing address
3415 ROGERS RD STE #131, WAKE FOREST, NC 27587-3957
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2020
—
Heritage Vets PLLC
—
Deed
related
$250,000 · Truist Bank
Sep 13, 2019
—
Heritage Vets PLLC
—
Trustees Deed
related
$1,538,103 · Branch Bk&tr
May 3, 2016
$291,000
Heritage Vets PLLC
Ammons,andrew L & Jeanette F
Warranty Deed
$232,400 · Branch Bk&tr
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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