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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Medical Office Space
500 Holly Spgs Rd Holly Springs, NC 27540-6204
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1584085
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
BRICK
Total area
13,981 SF
Lot
1.14 ac (49,658 SF)
Zoning code
LB LIMITED
APN
0659.13-13-1145 0046051
UPID
US53-1584085
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
$2.98M
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$2.94M
Owner & transaction history
Apa Holly Springs Properties LLC · 2 yrs held
Apa Holly Springs Properties LLC
since 2023
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
LB LIMITED · Holly Springs, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+6.3%
Commercial (general)
$4.7M
+2.4%
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 Holly Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holly Springs 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
$2,995,000
ML approach
$2,975,000
CAP Approach
CAP Return
Estimation
6%
$3,190,000
6.5%
$2,945,000
7%
$2,735,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,545,000
Current use
AUTO REPAIR, GARAGE
$4,830,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,650,000
Change: +2% · Conversion: Easy
RETAIL STORES
$4,425,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±10% · vs last sale $2.90M (Aug 3 2023)
Last sale anchor
$2.90M
Aug 3 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
$210 / 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
$22,203
Tax year 2023
Assessed value
$2,058,536
Assessed 2023
Previous assessed
$2,058,536
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$198,632
Assessed improvement
$1,859,904
Land market value
$198,632
Improvement market value
$1,859,904
Total market value
$2,058,536
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
2001
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
13,981 SF
Lot
1.14 ac (49,658 SF)
Zoning code
LB LIMITED
APN
0659.13-13-1145 0046051
UPID
US53-1584085
Jurisdiction
WAKE
Zoning & alternative use
LB LIMITED · Holly Springs, NC
Zoning LB LIMITED · permitted uses
LB LIMITED · Holly Springs, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holly Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES
Est. value
$4.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2001
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Apa Holly Springs Properties LLC
Entity
Mailing address
2000 BEAR CAT WAY, MORRISVILLE, NC 27560-6620
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
Aug 3, 2023
$2,900,000
Apa Holly Springs Properties LLC
Met Futures LLC
Warranty Deed
$2,175,000 · Townebank
Aug 3, 2023
—
Apa Holly Springs Properties LLC
Met Futures LLC
Assignment Of Lease (leasehold Sale)
—
Jan 5, 2018
$1,850,000
Met Futures LLC
Siv-j LLC
Grant Deed
$2,200,000 · First Citizens Bk
—
—
Siv J LLC
—
Deed Of Trust
related
$300,000 · Branch Bk&tr
—
—
Siv-j LLC
—
Deed Of Trust
related
$1,950,000 · Suntrust Bank NA
—
—
Siv-j LLC
—
Deed Of Trust
related
$170,000 · Suntrust Bank NA
—
—
Siv-j LLC
—
Deed Of Trust
related
$199,000 · Suntrust Bk
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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