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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Medical Office Space
501 Health Park Dr Garner, NC 27529-7050
Entity Owned
15-yr Hold
Free & Clear
Property ID
US53-0733921
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Construction
BRICK
Total area
14,456 SF
Lot
1.66 ac (72,310 SF)
Zoning code
CMX
APN
1720.15-54-8421 0311467
UPID
US53-0733921
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
-
Bunting Shelley FNP Physician
-
Dhagash Pankaj Patel, DPM Physician
-
Carolina Foot and Ankle Specialists Medical Group
-
Azalea Skin Treatment Center, Affiliate of Anne Arundel Dermatology Physician Medical Clinic
-
Dr. Andrew Milner Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.23M
Owner & transaction history
Azalea Building LLC · 15 yrs held
Azalea Building LLC
since 2011
5 recorded transactions
Zoning & alternative use
CMX · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Garner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garner 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%
$3,295,000
6.5%
$3,045,000
7%
$2,825,000
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±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
$154 / 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
$36,960
Tax year 2023
Assessed value
$2,878,522
Assessed 2023
Previous assessed
$2,878,522
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$488,093
Assessed improvement
$2,390,429
Land market value
$488,093
Improvement market value
$2,390,429
Total market value
$2,878,522
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
2012
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,456 SF
Lot
1.66 ac (72,310 SF)
Zoning code
CMX
APN
1720.15-54-8421 0311467
UPID
US53-0733921
Jurisdiction
WAKE
Zoning & alternative use
CMX · Garner, NC
Zoning CMX · permitted uses
CMX · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garner. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Azalea Building LLC
Entity
Free & Clear · 15 yrs held
Mailing address
103 CANBERRA CT, CARY, NC 27513-2923
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2011
$335,000
Azalea Building LLC
Bank Of Hampton Roads
Grant Deed
—
Oct 20, 2010
$294,339
Gateway Bk & Trust
Nichols,charles E JR
Trustees Deed
related
—
May 13, 2008
—
Hp-timber Land 5 LLC
—
Trustees Deed
related
$1,250,000 · Gateway Bank & Trust
Jan 11, 2006
—
Hp-timber Land 5 LLC
—
Trustees Deed
related
$858,000 · Gateway Bank & Trust
Aug 6, 2004
—
Hp-timber Land 5 LLC
Health Park Of Timber Drive-land
Warranty Deed
$734,481 · Central Carolina Bank & Trust
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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