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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
606 Buffalo Rd Smithfield, NC 27577-7451
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0806870
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Total area
3,825 SF
Lot
0.54 ac (23,522 SF)
Zoning code
OFF
APN
15009015
UPID
US53-0806870
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
-
Johnston Family Dentistry Dental Office
-
Trevor V Fraser, DDS Dental Office
-
Timothy Sims Dental Office
-
Dr. Ashley Desaix Dental Office
-
Allen Robert B DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$472k
Blend (final)
Blend
$535k
Owner & transaction history
Fraser Legacy Properties LLC · 5 yrs held
Fraser Legacy Properties LLC
since 2021
Last sale
$525,500
3 recorded transactions
Zoning & alternative use
OFF · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code Definitions
Top alternative use upside
Retail stores
$610,000
+10.0%
Auto repair, garage
$580,000
+4.6%
Neighborhood: shopping center
$560,000
+0.9%
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 Smithfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smithfield 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
$655,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$555,000
Current use
RETAIL STORES
$610,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: +5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$525,000
Change: -6% · Conversion: Easy
COMMERCIAL (GENERAL)
$500,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $526k (Apr 12 2021)
Last sale anchor
$526k
Apr 12 2021
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
$140 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,680
Tax year 2024
Assessed value
$466,130
Assessed 2024
Previous assessed
$466,130
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$82,330
Assessed improvement
$383,800
Land market value
$82,330
Improvement market value
$383,800
Total market value
$466,130
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
1984
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
3,825 SF
Lot
0.54 ac (23,522 SF)
Zoning code
OFF
APN
15009015
UPID
US53-0806870
Jurisdiction
JOHNSTON
Zoning & alternative use
OFF · Smithfield, NCZoning OFF · permitted uses
OFF · Smithfield, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code Definitions
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$555,000
RETAIL STORES
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$580,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
OFFICE BUILDING
Est. value
$525,000
COMMERCIAL (GENERAL)
Est. value
$500,000
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1984
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.54 ac
Current owner
From public records · entity-resolved
Fraser Legacy Properties LLC
Entity
Mailing address
111 N 3RD ST #1045, SMITHFIELD, NC 27577-3939
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2021
$525,500
Fraser Legacy Properties LLC
Jonathan R Duea
Warranty Deed
$664,700 · Citizens Bank
Sep 7, 2018
—
Susan M Boykin
Simpson,richard R & Susan M
Grant Deed
related
—
—
—
Jonathan Duea
—
Deed Of Trust
related
$200,000 · First Citizens Bank & Trust Co
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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