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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
364 Nc 16th Business Hwy Stanley, NC 28164-8813
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1132782
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
FRAME
Total area
9,036 SF
Lot
1.61 ac (70,001 SF)
Zoning code
ELDD B-N
APN
80373
UPID
US53-1132782
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$535k
Owner & transaction history
Plainsman LLC · 7 yrs held
Plainsman LLC
since 2019
4 recorded transactions
Zoning & alternative use
ELDD B-N · Stanley, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$795,000
+25.5%
Auto repair, garage
$785,000
+23.9%
Commercial (general)
$780,000
+23.7%
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 Stanley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stanley 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
$325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$630,000
Current use
OFFICE BUILDING
$795,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$785,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$780,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$710,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$590,000
Change: -6% · 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
$59 / 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
$15,288
Tax year 2023
Assessed value
$2,482,142
Assessed 2023
Previous assessed
$2,482,142
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$735,906
Assessed improvement
$1,746,236
Land market value
$735,906
Improvement market value
$1,746,236
Total market value
$2,482,142
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
1988
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
9,036 SF
Lot
1.61 ac (70,001 SF)
Zoning code
ELDD B-N
APN
80373
UPID
US53-1132782
Jurisdiction
LINCOLN
Zoning & alternative use
ELDD B-N · Stanley, NC
Zoning ELDD B-N · permitted uses
ELDD B-N · Stanley, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stanley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$630,000
OFFICE BUILDING
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$780,000
WAREHOUSE, STORAGE
Est. value
$710,000
RETAIL STORES
Est. value
$590,000
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1988
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Plainsman LLC
Entity
Mailing address
3522 NIBLICK CT, DENVER, NC 28037-8016
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2019
$650,000
Plainsman LLC
Wells Fargo Bk NA
Grant Deed
$520,000 · Peoples Bk
Aug 2, 2017
—
Wells Fargo Bk NA
Wallis,timothy M & Heather L
Affidavit Of Death
related
—
Jul 11, 2017
$947,994
Wells Fargo Bk NA
Whitley Kimberly H|moore,keisha A & Kenneth E
Trustees Deed
related
—
Jul 22, 2005
$1,100,000
Kenneth E Moore
Cannon,loy W & Emily W
Warranty Deed
$1,616,000 · Wachovia Sba Lending INC
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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