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Property profile & analytics
FOR LEASE
Medical Office Space
377 Gallimore Rd Brevard, NC 28712
Individually Owned
7-yr Hold
Free & Clear
Property ID
US53-2944634
For Lease
1 / 116
$15 SF/Yr
377 Gallimore Rd, Brevard, NC 28712
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Property summary
AI-generated overview
This exceptional 15,333-square-foot Class B medical office building is available for lease in Brevard, North Carolina. Located at 377 Gallimore Road, zip code 28712, this single-tenant property offers a turnkey opportunity for a medical practice seeking ample space and convenient amenities. The building boasts a spacious waiting area, 24 exam rooms, a fully equipped laboratory, a nurses' station, multiple private offices, ample storage, restrooms, and a comfortable break room. The property is well-maintained and situated in a desirable location surrounded by residential areas, ensuring high visibility and convenient access for patients. The building features abundant handicap-accessible parking at the front, conveniently covered by a portico, and additional staff parking is located at the rear. This property is ideally suited for a medical practice requiring significant space to accommodate a large patient volume and diverse staff needs. The entire building is currently vacant, presenting a unique opportunity for a single tenant to customize the space to their exact specifications. The property is situated in Transylvania County, North Carolina. This is a rare opportunity to secure a substantial, well-appointed medical office building in a thriving community.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
15,333 SF
Lot
2.3 ac (100,188 SF)
Zoning code
R2
APN
8585-66-5578-000
UPID
US53-2944634
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
-
Medical Associates: La Torre II Erensto MD Physician
-
Dr. Marshall S. Foster, MD Pediatrician Physician
-
Alexandra Chatterton Physician
-
Benton III George R MD Physician
-
Dr. Morris L. Jenkins, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$905k
Owner & transaction history
Mh Transylvania Regl Hosp Lll · 7 yrs held
Mh Transylvania Regl Hosp Lll
since 2019
3 recorded transactions
Zoning & alternative use
R2 · Brevard, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Brevard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brevard 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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,260,000
Current use
Blend value · Realmo final
$905k
Range $815k – $996k · ±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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,360
Tax year 2024
Assessed value
$1,882,920
Assessed 2024
Previous assessed
$1,882,920
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$690,000
Assessed improvement
$1,192,920
Land market value
$690,000
Improvement market value
$1,192,920
Total market value
$1,882,920
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
For Lease
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
11
Total area
15,333 SF
Lot
2.3 ac (100,188 SF)
Zoning code
R2
APN
8585-66-5578-000
UPID
US53-2944634
Jurisdiction
TRANSYLVANIA
Zoning & alternative use
R2 · Brevard, NCZoning R2 · permitted uses
R2 · Brevard, NC
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
$1.3M
MEDICAL BUILDING Current
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
2000
Heating
FORCED AIR
Cooling
Yes
Bathrooms
11
Lot
2.3 ac
Current owner
From public records · entity-resolved
Mh Transylvania Regl Hosp Lll
Individual
Free & Clear · 7 yrs held
Mailing address
33 PO BOX 80610TH AVE #201, INDIANAPOLIS, IN 46280-0610
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2019
$28,645,000
Mh Transylvania Regl Hosp Lll
Transylvania Cmnty Hosp INC
Grant Deed
—
Jul 3, 2014
$1,700,000
Transylvania Cmnty Hospital In
Aesculapius Ents LLC
Warranty Deed
—
May 6, 2010
—
City Of Brevard
Aesculapius,enterprises Ll
Grant Deed
related
—
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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