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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Medical Office Space
502 Mcknight Dr Ste 200 Knightdale, NC 27545-7050
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5402454
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
BRICK
Total area
4,813 SF
Lot
0.01 ac (436 SF)
Zoning code
NMX
APN
1754.13-14-7460 0322811
UPID
US53-5402454
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
$1.63M
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.36M
Owner & transaction history
Arlington Boulevard Properties LLC · 3 yrs held
Arlington Boulevard Properties LLC
since 2022
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
NMX · Knightdale, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+6.3%
Commercial (general)
$1.6M
+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 Knightdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Knightdale 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
$1,590,000
ML approach
$1,630,000
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,565,000
Current use
AUTO REPAIR, GARAGE
$1,660,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,600,000
Change: +2% · Conversion: Easy
RETAIL STORES
$1,525,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.37M (Dec 19 2022)
Last sale anchor
$1.37M
Dec 19 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
$282 / 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
$6,054
Tax year 2023
Assessed value
$546,885
Assessed 2023
Previous assessed
$546,885
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed improvement
$546,885
Improvement market value
$546,885
Total market value
$546,885
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
2000
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,813 SF
Lot
0.01 ac (436 SF)
Zoning code
NMX
APN
1754.13-14-7460 0322811
UPID
US53-5402454
Jurisdiction
WAKE
Zoning & alternative use
NMX · Knightdale, NC
Zoning NMX · permitted uses
NMX · Knightdale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Knightdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
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
2000
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Arlington Boulevard Properties LLC
Entity
Mailing address
502 MCKNIGHT DR STE #200, KNIGHTDALE, NC 27545-7050
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2022
$1,372,000
Arlington Boulevard Properties LLC
Global Inst Oc Forensic & Toxicolog
Warranty Deed
$867,000 · Truist Bank
Apr 10, 2013
$300,000
Global Inst Of Forensic & Toxicol
Ahilan,thirugnanasambanthar
Warranty Deed
$255,000 · Branch Bk&tr
Jul 7, 2010
$400,000
Thirugnanasambanthar Ahilan
Suntrust Bk
Grant Deed
—
Dec 15, 2009
$400,000
Suntrust Bk
Mcinnes Alan D
Trustees Deed
related
—
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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