New search
Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Medical Office Space
600 Person St, Raleigh, NC 27604-1214
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0070725
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
BRICK
Total area
2,819 SF
Lot
0.24 ac (10,454 SF)
Zoning code
NX-3
APN
1704.20-82-5015 0076228
UPID
US53-0070725
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
-
Dr. Sarah E. Dewitt, MD Physician
-
Orthopedic Surgery of the Foot & Ankle Medical Clinic
-
Jeremy Miles Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$651k
Blend (final)
Blend
$690k
Owner & transaction history
Marshall Landholding Co Ll · 22 yrs held
Marshall Landholding Co Ll
since 2003
7 recorded transactions
Zoning & alternative use
NX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$915,000
+2.9%
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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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%
$725,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$890,000
Current use
COMMERCIAL (GENERAL)
$915,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$830,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$245 / 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
$9,796
Tax year 2023
Assessed value
$898,689
Assessed 2023
Previous assessed
$898,689
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$557,198
Assessed improvement
$341,491
Land market value
$557,198
Improvement market value
$341,491
Total market value
$898,689
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
2004
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,819 SF
Lot
0.24 ac (10,454 SF)
Zoning code
NX-3
APN
1704.20-82-5015 0076228
UPID
US53-0070725
Jurisdiction
WAKE
Zoning & alternative use
NX-3 · Raleigh, NC
Zoning NX-3 · permitted uses
NX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$830,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
2004
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Marshall Landholding Co Ll
Entity
Mailing address
210 N PACE ST, RALEIGH, NC 27604-1207
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
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
Apr 29, 2013
—
Marshall Landholding LLC
—
Trustees Deed
related
$128,000 · Bank Of North Carolina
May 13, 2004
—
Marshall Landholding Co LLC
—
Trustees Deed
related
$396,389 · Central Carolina Bank & Trust
Aug 28, 2003
$225,000
Marshall Landholding Co Ll
White Oil Co
Grant Deed
—
—
—
Marshall Landholding Co LLC
—
Loan Modification
related
$106,483 · Bank Of Nc
—
—
Marshall Landholding Co LLC
—
Deed Of Trust
related
$658,000 · Capital Bank NA
—
—
Marshall Landholding Co LLC
—
Deed Of Trust
related
$200,000 · Central Carolina Bank & Trust
—
—
Marshall Landholding Co LLC
—
Deed Of Trust
related
$40,000 · Capital Bank NA
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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