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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
3431 Morganton SW Blvd Lenoir, NC 28645-8628
Entity Owned
9-yr Hold
Absentee Owner
Property ID
US53-2136291
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
WOOD
Total area
5,520 SF
Lot
7.45 ac (324,522 SF)
APN
06251 1 28
UPID
US53-2136291
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
-
Mountain View Pediatrics Pediatrician Medical Clinic
-
Clapp Christopher MD Pediatrician Medical Clinic
-
Donnell R. Mace, FNP Physician
-
Brenner FIT - Lenoir | Atrium Health Wake Forest Baptist Pediatrician Medical Clinic
-
Christopher Randolph Clapp Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$526k
Blend (final)
Blend
$535k
Owner & transaction history
Mountain View Properties LLC · 9 yrs held
Mountain View Properties LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$790,000
+91.5%
Office building
$575,000
+39.0%
Commercial (general)
$475,000
+15.7%
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 Lenoir submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenoir 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$410,000
Current use
APARTMENT HOUSE (5+ UNITS)
$790,000
Change: +92% · Conversion: Moderate
OFFICE BUILDING
$575,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$475,000
Change: +16% · Conversion: Easy
RESTAURANT
$460,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$455,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$385,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$97 / 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
Property tax & assessments
Assessed value
$847,200
Assessed 2024
Previous assessed
$847,200
+0.0% YoY
Assessed land
$128,400
Assessed improvement
$718,800
Land market value
$128,400
Improvement market value
$718,800
Total market value
$847,200
Applied tax rate
6.0000
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
1998
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
3
Total area
5,520 SF
Lot
7.45 ac (324,522 SF)
APN
06251 1 28
UPID
US53-2136291
Jurisdiction
CALDWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$410,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$790,000
OFFICE BUILDING
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$475,000
RESTAURANT
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$455,000
RETAIL STORES
Est. value
$385,000
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1998
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
3
Lot
7.45 ac
Current owner
From public records · entity-resolved
Mountain View Properties LLC
Entity
Mailing address
100 MEDICAL HTS DR, MORGANTON, NC 28655-5197
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jan 20, 2017
—
Mountain View Properties LLC
—
Deed
related
$207,778 · Suntrust Bk
May 4, 2011
—
Mountain View Properties LLC
—
Trustees Deed
related
$1,918,713 · Suntrust Bank NA
—
—
Mountain View Properties LLC
—
Deed Of Trust
related
$600,000 · Suntrust Bk
—
—
Mountain View Properties LLC
—
Deed Of Trust
related
$250,000 · Suntrust Bk
—
—
Mountain View Properties LLC
—
Loan Modification
related
$207,778 · Suntrust Bk
—
—
Mountain View Properties LLC
—
Deed Of Trust
related
$391,000 · Suntrust Bank NA
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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