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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Medical Office Space
503 Bowman Gray Dr, Greenville, NC 27834-7286
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-0918549
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Construction
FRAME
Total area
10,640 SF
Lot
1.88 ac (81,893 SF)
Zoning code
MO
APN
34397
UPID
US53-0918549
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
-
Shawn Yeazell, MD Physician
-
Russell J Norris, MD Physician
-
Michael A Yee Jr., MD Physician
-
Rebecca Day, PA-C Physician
-
Jessica A Miller, PA-C Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Grace Properties Of Csa LLC · 7 yrs held
Grace Properties Of Csa LLC
since 2019
5 recorded transactions
Zoning & alternative use
MO · Greenville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+41.4%
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 Greenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,315,000
Current use
RESTAURANT
$1,865,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,060,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$109 / 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
$24,074
Tax year 2023
Assessed value
$2,051,275
Assessed 2023
Previous assessed
$2,051,275
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$491,358
Assessed improvement
$1,559,917
Land market value
$491,358
Improvement market value
$1,559,917
Total market value
$2,051,275
Applied tax rate
40.0000
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
1995
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
3
Rooms
41
Bathrooms
11
Total area
10,640 SF
Lot
1.88 ac (81,893 SF)
Zoning code
MO
APN
34397
UPID
US53-0918549
Jurisdiction
PITT
Zoning & alternative use
MO · Greenville, NC
Zoning MO · permitted uses
MO · Greenville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1995
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
3
Rooms
41
Bathrooms
11
Lot
1.88 ac
Current owner
From public records · entity-resolved
Grace Properties Of Csa LLC
Entity
Mailing address
815 MARLOWE RD APT #4, RALEIGH, NC 27609-7048
Ownership since
2019
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
Jun 18, 2025
—
Grace Properties Of Csa LLC
—
Deed
related
$1,000,000 · First Citizens Bank & Trust Co
Jan 3, 2019
$1,964,500
Grace Properties Of Csa LLC
Hampton Court LLC
Grant Deed
$825,000 · First Citizens Bk
Dec 22, 2016
—
Hampton Court LLC
—
Deed
related
$750,000 · Wells Fargo Bank NA
Jan 1, 2007
$1,150
Hampton Court LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Hampton Court LLC
—
Deed Of Trust
related
$850,000 · Randolph Bk&tr
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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