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Property profile & analytics
OFF-MARKET
Estimated value
$12,410,000
Medical Office Space
3802 Wade Coble Dr Burlington, NC 27215-9765
Individually Owned
13-yr Hold
Free & Clear
Property ID
US53-1112374
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Total area
135,186 SF
Lot
15.6 ac (679,405 SF)
Zoning code
R 15
APN
106940
UPID
US53-1112374
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
by Request
CAP Approach
CAP
$13.79M
Comparable Approach
Comparable
$11.03M
Blend (final)
Blend
$12.41M
Owner & transaction history
Lutheran Retirement Ministries · 13 yrs held
Lutheran Retirement Ministries
since 2012
2 recorded transactions
Zoning & alternative use
R 15 · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.6M
+53.6%
Office building
$12.9M
+46.1%
Commercial (general)
$12.5M
+41.3%
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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%
$14,940,000
6.5%
$13,790,000
7%
$12,805,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,835,000
Current use
RESTAURANT
$13,575,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$12,905,000
Change: +46% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,480,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,645,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$10,395,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$12.41M
Range $11.17M – $13.65M · ±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
$92 / 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
$124,223
Tax year 2023
Assessed value
$28,755,337
Assessed 2023
Previous assessed
$28,755,337
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$4,149,250
Assessed improvement
$24,606,087
Land market value
$4,149,250
Improvement market value
$24,606,087
Total market value
$28,755,337
Applied tax rate
12.0000
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
2020
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
4
Total area
135,186 SF
Lot
15.6 ac (679,405 SF)
Zoning code
R 15
APN
106940
UPID
US53-1112374
Jurisdiction
ALAMANCE
Zoning & alternative use
R 15 · Burlington, NC
Zoning R 15 · permitted uses
R 15 · Burlington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$8.8M
RESTAURANT
Est. value
$13.6M
OFFICE BUILDING
Est. value
$12.9M
COMMERCIAL (GENERAL)
Est. value
$12.5M
AUTO REPAIR, GARAGE
Est. value
$11.6M
RETAIL STORES
Est. value
$10.4M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2020
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
4
Lot
15.6 ac
Current owner
From public records · entity-resolved
Lutheran Retirement Ministries
Individual
Free & Clear · 13 yrs held
Mailing address
3701 WADE COBLE DR, BURLINGTON, NC 27215-9743
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2012
$1,010,000
Lutheran Retirement Ministries
Rose,ricky A
Warranty Deed
—
Apr 2, 2007
—
Rose,rick
Rose,b R SR & Ann
Quit Claim 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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