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Property profile & analytics
OFF-MARKET
Estimated value
$3,155,000
Medical Office Space
3820 Ed Dr 100, Raleigh, NC 27612-8037
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0754404
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
CONCRETE BLOCKS
Total area
8,890 SF
Zoning code
OX-3
APN
0785.16-94-3146 0402796
UPID
US53-0754404
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
-
Thiago Morelli, DDS, MS Dental Office
-
North Carolina Implants and Periodontics Dental Office
-
Premier Prosthodontics: Advanced Aesthetic and Implant Dentistry Dental Office Physician
-
Travis Quiller Physician
-
Jenny Head Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.15M
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$3.16M
Owner & transaction history
Douglas K Holmes · 3 yrs held
Douglas K Holmes
since 2023
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.9M
+74.7%
Restaurant
$4.8M
+72.4%
Retail stores
$3.5M
+24.6%
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
$3,085,000
ML approach
$3,145,000
CAP Approach
CAP Return
Estimation
6%
$2,295,000
6.5%
$2,115,000
7%
$1,965,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,805,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,900,000
Change: +75% · Conversion: Difficult
RESTAURANT
$4,835,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$3,495,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,885,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,620,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.16M
Range $2.84M – $3.47M · ±10% · vs last sale $3.20M (Apr 21 2023)
Last sale anchor
$3.20M
Apr 21 2023
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
$355 / 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
$19,104
Tax year 2023
Assessed value
$1,752,644
Assessed 2023
Previous assessed
$1,752,644
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed improvement
$1,752,644
Improvement market value
$1,752,644
Total market value
$1,752,644
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
2007
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,890 SF
Zoning code
OX-3
APN
0785.16-94-3146 0402796
UPID
US53-0754404
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
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
RESTAURANT
Est. value
$4.8M
RETAIL STORES
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
2007
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Douglas K Holmes
Individual
Free & Clear · 3 yrs held
Mailing address
6040 MENTMORE PL, CARY, NC 27519-1573
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2023
—
Raleigh Integrated Dental Propertie
—
Deed
related
$3,200,000 · Southern Bank & Trust Co
Apr 21, 2023
—
Douglas K Holmes
Ent & Audiology Associates PLLC
Special Warranty Deed
—
Feb 5, 2020
—
Ent & Audiology Assocs PLLC
—
Deed
related
$1,798,288 · Bb&t Collateral Svcs
Dec 22, 2008
—
Holmes Properties LLC
Holmes Properties LLC
Quit Claim Deed
related
$2,862,902 · Branch Banking & Trust Co
Dec 22, 2008
$1,719,000
Ent & Audiology Assocs PLLC
Holmes,douglas K & Charlotte R L
Grant Deed
related
—
—
—
Ent & Audiology Assocs PLLC
—
Deed Of Trust
related
$2,291,750 · First Citizens Bk
—
—
Ent & Audiology Assocs PLLC
—
Deed Of Trust
related
$1,798,288 · Bb&t Collateral Svcs
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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