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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Medical Office Space
3614 Providence S Rd Waxhaw, NC 28173-6309
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-2048274
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
25,840 SF
Lot
2.64 ac (114,998 SF)
Zoning code
C-3 WAXHAW
APN
06-138-008
UPID
US53-2048274
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
-
Lauren Scollin Physician
-
Michael Christo Physician
-
Kavita Shanker-Patel Pediatrician Physician
-
MillBridge Dentistry Dental Office
-
Dr. Armen Balasanyan Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.99M
Owner & transaction history
Pmak Waxhaw LLC · 6 yrs held
Pmak Waxhaw LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-3 WAXHAW · Waxhaw, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+45.5%
Restaurant
$3.2M
+29.8%
Commercial (general)
$3.0M
+23.6%
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 Waxhaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waxhaw 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
$2,425,000
Current use
OFFICE BUILDING
$3,530,000
Change: +46% · Conversion: Easy
RESTAURANT
$3,150,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,000,000
Change: +24% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,430,000
Change: +0% · Conversion: Moderate
RETAIL STORES
$2,015,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±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
$116 / 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
$46,832
Tax year 2023
Assessed value
$4,614,400
Assessed 2023
Previous assessed
$4,614,400
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$528,000
Assessed improvement
$4,086,400
Land market value
$528,000
Improvement market value
$4,086,400
Total market value
$4,614,400
Applied tax rate
528.0000
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
2007
Heating
YES
Cooling
CENTRAL
Stories
2
Units
1
Rooms
5
Bathrooms
1
Total area
25,840 SF
Lot
2.64 ac (114,998 SF)
Zoning code
C-3 WAXHAW
APN
06-138-008
UPID
US53-2048274
Jurisdiction
UNION
Zoning & alternative use
C-3 WAXHAW · Waxhaw, NC
Zoning C-3 WAXHAW · permitted uses
C-3 WAXHAW · Waxhaw, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waxhaw. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$3.5M
RESTAURANT
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2007
Heating
YES
Cooling
Yes
Stories
2
Units
1
Rooms
5
Bathrooms
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
Pmak Waxhaw LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2019
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
Dec 2, 2019
$11,200,000
Pmak Waxhaw LLC
Waxhaw Medical Properties LLC
Special Warranty Deed
$594,376,000 · Capital One Bank NA
Mar 14, 2016
$6,600,000
Waxhaw Medical Properties LLC
Md Group LLC
Special Warranty Deed
$5,450,000 · Healthcare Financial Solutions LLC
Jun 24, 2013
—
Md Group LLC
—
Trustees Deed
related
$700,000 · Us Income Partners LLC
Dec 28, 2007
—
Md Group LLC
—
Trustees Deed
related
$5,150,000 · Magnet Bank Fsb
May 8, 2006
$2,018,000
Md Group LLC
Dhakad,padam & Madhu
Warranty Deed
$1,313,250 · First National Bank
Nov 17, 2004
$595,000
Padam Dhakad
Demopoulos,mary C
Warranty Deed
$240,000 · First Trust Bank Of Savings
—
—
Md Group LLC
—
Deed Of Trust
related
$4,875,000 · Security Mutual Life Insurance
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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