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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Medical Office Space
3708 Forestview Rd Ste 103, Raleigh, NC 27612-2391
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4014515
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Construction
BRICK
Total area
3,433 SF
Zoning code
OX-3
APN
0785.16-83-4859 0427858
UPID
US53-4014515
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
$1.33M
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.33M
Owner & transaction history
Fv Development LLC · 5 yrs held
Fv Development LLC
since 2020
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.9M
+74.7%
Retail stores
$1.4M
+24.6%
Commercial (general)
$1.1M
+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
$1,330,000
ML approach
$1,330,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,085,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,890,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$1,350,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,115,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,010,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.33M (Dec 16 2024)
Last sale anchor
$1.33M
Dec 16 2024
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
$387 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,158
Tax year 2024
Assessed value
$1,169,591
Assessed 2024
Previous assessed
$1,169,591
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed improvement
$1,169,591
Improvement market value
$1,169,591
Total market value
$1,169,591
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
1
Total area
3,433 SF
Zoning code
OX-3
APN
0785.16-83-4859 0427858
UPID
US53-4014515
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
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1
Current owner
From public records · entity-resolved
Fv Development LLC
Entity
Mailing address
1418 MELODY WOODS CT, CHARLOTTE, NC 28209-1577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 25, 2020
$2,252,500
Fv Development LLC
Forestview Medical Building LLC
Special Warranty Deed
$1,711,000 · Townebank
Sep 22, 2020
$1,211,000
3708 Dpo LLC
Forestview Medical Building LLC
Special Warranty Deed
$614,500 · First Fidelity Bank
Jul 1, 2019
—
Forestview Medical Bldg LLC
—
Trustees Deed
related
$225,000 · Providence Bk
—
—
Timber Drive Owners LLC
—
Deed Of Trust
related
$2,284,000 · Capital Bk
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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