New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,615,000
Medical Office Space
3708 Forestview Rd, Raleigh, NC 27612-8042
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1778777
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Construction
BRICK
Total area
22,278 SF
Lot
1.89 ac (82,328 SF)
Zoning code
OX-3
APN
0785.16-83-4859 0071931
UPID
US53-1778777
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
-
Corrective Chiropractic Alternative Medicine Practice
-
Lundy Group Real Estate Agency
-
Blue Heel Communities General Contractor
-
Steel residential: Jenn Stinson Real Estate Agency
-
Taylor Hollingsworth Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.62M
Owner & transaction history
Pine Forest Holdings LLC · 1 yrs held
Pine Forest Holdings LLC
since 2024
7 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.2M
+2.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,025,000
Current use
COMMERCIAL (GENERAL)
$7,225,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,570,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.62M
Range $4.15M – $5.08M · ±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
$207 / 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
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
2014
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
5
Total area
22,278 SF
Lot
1.89 ac (82,328 SF)
Zoning code
OX-3
APN
0785.16-83-4859 0071931
UPID
US53-1778777
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NC
Zoning OX-3 · permitted uses
OX-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
$7.0M
COMMERCIAL (GENERAL)
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.6M
MEDICAL BUILDING Current
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
2014
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
5
Lot
1.89 ac
Current owner
From public records · entity-resolved
Pine Forest Holdings LLC
Entity
Mailing address
PO BOX 33279, RALEIGH, NC 27636-3279
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
3708 Dpo LLC
—
Deed
related
$999,000 · The Fidelity Bank
Dec 16, 2024
$1,172,000
Pine Forest Holdings LLC
Fv Development LLC
Special Warranty Deed
$2,125,000 · Fifth Third Bank NA
Dec 16, 2024
$1,328,500
Pine Forest Holdings LLC
Fv Development LLC
Special Warranty Deed
—
Sep 1, 2021
$313,500
Weekley Homes LLC
Nash Wendell Falls LLC
Special Warranty Deed
—
Jul 23, 2021
$875,000
72 Raleigh Properties LLC
Hen House LLC
Special Warranty Deed
—
Aug 10, 2020
—
Corbinton At Kildaire LLC
—
Deed Of Trust
related
$260,250 · Aquesta Bk
Jul 1, 2019
—
Forestview Medical Bldg LLC
—
Trust Deed
related
$225,000 · Providence Bk
Dec 15, 2016
$811,000
Wellness Real Estate LLC
Forestview Medical Bldg LLC
Warranty Deed
$984,000 · First Citizens Bk
Dec 13, 2016
—
Timber Drive Owners LLC
—
Deed
related
$2,284,000 · Capital Bk
Apr 17, 2015
—
Forestview Medical Building Ll
—
Grant Deed
related
$1,225,003 · Providence Bk
Mar 6, 2015
$499,500
Sopko Properties LLC
Forestview Medical Building Ll
Warranty Deed
$680,000 · First Citizens Bk
Apr 3, 2014
—
Forestview Medical Building Ll
—
Trustees Deed
related
$3,055,717 · Providence Bk
Nov 21, 2013
$900,000
Forestview Medical Building Ll
Baloch Properties LLC
Grant Deed
$124,939 · Baloch Properties LLC
Jun 30, 2006
$1,100,000
H H House
Moody,james R & Marie A
Warranty Deed
$1,000,000 · Marie A Moody
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3708 Forestview Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
