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Property profile & analytics
OFF-MARKET
Estimated value
$5,655,000
Medical Office Space
3940 Arrowhead Blvd, Mebane, NC 27302-7636
Individually Owned
21-yr Hold
Free & Clear
Property ID
US53-1538253
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
63,948 SF
Lot
10.55 ac (459,558 SF)
Zoning code
M 2
APN
167515
UPID
US53-1538253
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
-
Alamance Cancer Center Mebane Physician
-
Cone Health Urology Mebane Medical Clinic Physician
-
Melissa Corcoran, MD Physician
-
Laura H. Berglund, MD Physician
-
Deanna C. Jones, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.53M
Comparable Approach
Comparable
$4.79M
Blend (final)
Blend
$5.66M
Owner & transaction history
Alamance Regional Medical Ctr · 21 yrs held
Alamance Regional Medical Ctr
since 2005
1 recorded transaction
Zoning & alternative use
M 2 · Mebane, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.9M
+105.7%
Commercial (general)
$8.7M
+101.2%
Restaurant
$7.5M
+72.4%
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 Mebane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mebane 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%
$7,065,000
6.5%
$6,525,000
7%
$6,055,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,345,000
Current use
OFFICE BUILDING
$8,930,000
Change: +106% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,735,000
Change: +101% · Conversion: Easy
RESTAURANT
$7,485,000
Change: +72% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,920,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$5,625,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,525,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.66M
Range $5.09M – $6.22M · ±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
$88 / 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
$95,739
Tax year 2023
Assessed value
$11,937,512
Assessed 2023
Previous assessed
$11,937,512
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$2,208,937
Assessed improvement
$9,728,575
Land market value
$2,208,937
Improvement market value
$9,728,575
Total market value
$11,937,512
Applied tax rate
14.0000
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
2007
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
63,948 SF
Lot
10.55 ac (459,558 SF)
Zoning code
M 2
APN
167515
UPID
US53-1538253
Jurisdiction
ALAMANCE
Zoning & alternative use
M 2 · Mebane, NC
Zoning M 2 · permitted uses
M 2 · Mebane, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mebane. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.3M
OFFICE BUILDING
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$8.7M
RESTAURANT
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.9M
RETAIL STORES
Est. value
$5.6M
WAREHOUSE, STORAGE
Est. value
$3.5M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2007
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
10.55 ac
Current owner
From public records · entity-resolved
Alamance Regional Medical Ctr
Individual
Free & Clear · 21 yrs held
Mailing address
1200 N ELM ST, GREENSBORO, NC 27401-1004
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2005
$1,377,000
Alamance Regional Medical Ctr
Mebane 8540 LLC
Warranty Deed
—
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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