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Property profile & analytics
OFF-MARKET
Estimated value
$4,030,000
Medical Office Space
3900 Browning Pl Raleigh, NC 27609-6508
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-0739442
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Construction
BRICK
Total area
21,768 SF
Lot
1.99 ac (86,684 SF)
Zoning code
OX-3
APN
1705.12-87-8358 0098676
UPID
US53-0739442
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
-
Malana Moshesh, MD Medical Clinic
-
Don Lee Zust, DO Pediatrician Physician
-
Hannah Elizabeth Yllanes, PA Physician
-
Joshua E. Garriga, MD Physician
-
Dr. Allison Borja Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.23M
CAP Approach
CAP
$5.19M
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$4.03M
Owner & transaction history
Flagship Browning Raleigh LLC · 3 yrs held
Flagship Browning Raleigh LLC
since 2022
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The OX-3 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options
Zone name
Office Mixed Use
General category
MIXED_USE
Zone area
2,273.34 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$6.4M
+19.0%
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
$4,070,000
ML approach
$4,225,000
CAP Approach
CAP Return
Estimation
6%
$5,615,000
6.5%
$5,185,000
7%
$4,815,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,395,000
Current use
AUTO REPAIR, GARAGE
$6,420,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,910,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$4.03M
Range $3.63M – $4.43M · ±10% · vs last sale $3.60M (Aug 11 2022)
Last sale anchor
$3.60M
Aug 11 2022
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
$185 / 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
$32,883
Tax year 2023
Assessed value
$3,016,743
Assessed 2023
Previous assessed
$3,016,743
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,170,234
Assessed improvement
$1,846,509
Land market value
$1,170,234
Improvement market value
$1,846,509
Total market value
$3,016,743
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
1977
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
21,768 SF
Lot
1.99 ac (86,684 SF)
Zoning code
OX-3
APN
1705.12-87-8358 0098676
UPID
US53-0739442
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NCZoning 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
Zoning description
The OX-3 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options
Zone name
Office Mixed Use
General category
MIXED_USE
Zone area
2,273.34 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$4.9M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1977
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.99 ac
Current owner
From public records · entity-resolved
Flagship Browning Raleigh LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2701 COLTSGATE RD STE #300, CHARLOTTE, NC 28211-3594
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
$3,600,000
Flagship Browning Raleigh LLC
Jma Entity LLC
Special Warranty Deed
—
Apr 30, 2021
$7,235,000
Flagship Browning Raleigh LLC
Browning Place Partners LLC
Special Warranty Deed
$4,344,000 · First Horizon Bank
Feb 11, 2021
—
Browing Palce Partners LLC
—
Deed
related
$5,150,000 · First Citizens Bank & Trust Co
Feb 16, 2007
$216,500
Browning Place Ptrs LLC
Owner,record
Grant Deed
related
$250,000 · First Citizens Bank & Trust Co
—
—
Browning Place Partners LLC
—
Deed Of Trust
related
$1,607,793 · First Citizens Bank & Trust Co
—
—
Browning Place Partners LLC
—
Deed Of Trust
related
$1,900,000 · First Citizens Bank & Trust Co
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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