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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Medical Office Space
507 Highland Park Dr Summerfield, NC 27358
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3859384
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Total area
3,841 SF
Lot
0.47 ac (20,389 SF)
Zoning code
HWY BUS EDEN
APN
7979-08-78-9874-00
UPID
US53-3859384
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
by Request
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$549k
Blend (final)
Blend
$625k
Owner & transaction history
Hasanaj Properties LLC · 11 yrs held
Hasanaj Properties LLC
since 2014
6 recorded transactions
Zoning & alternative use
HWY BUS EDEN · Summerfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$490,000
+16.8%
Office building
$430,000
+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 Summerfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summerfield 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%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$420,000
Current use
COMMERCIAL (GENERAL)
$490,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$430,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$380,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$163 / 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
$8,030
Tax year 2023
Assessed value
$615,785
Assessed 2023
Previous assessed
$615,785
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$40,778
Assessed improvement
$575,007
Land market value
$40,778
Improvement market value
$575,007
Total market value
$615,785
Applied tax rate
102.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2013
Heating
HEAT PUMP
Stories
1
Total area
3,841 SF
Lot
0.47 ac (20,389 SF)
Zoning code
HWY BUS EDEN
APN
7979-08-78-9874-00
UPID
US53-3859384
Jurisdiction
ROCKINGHAM
Zoning & alternative use
HWY BUS EDEN · Summerfield, NC
Zoning HWY BUS EDEN · permitted uses
HWY BUS EDEN · Summerfield, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Summerfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$490,000
OFFICE BUILDING
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$380,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2013
Heating
HEAT PUMP
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Hasanaj Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
580 MASHIE DR, SUMMERFIELD, NC 27358-7923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2019
—
Hasanaj Properties LLC
—
Deed
related
$116,376 · First National Of Pennysylvannia
Sep 2, 2014
—
Hasanaj Properties LLC
Hasanaj,xaje A & Rita
Quit Claim Deed
related
—
Sep 12, 2012
$27,500
Xaje A Hasanaj
Floyd Agencies LLC
Warranty Deed
—
Jun 6, 2005
$162,000
Floyd Agencies LLC
Branch Bkng
Grant Deed
related
—
Apr 7, 2005
$158,000
Branch Banking & Trust Co
Benson,robert A
Trustees Deed
related
—
—
—
Floyd Agencies LLC
—
Deed Of Trust
related
$29,000 · Bank Of Oak Ridge
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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