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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Medical Office Space
620 Lillington Hwy, Spring Lake, NC 28390-2269
Individually Owned
10-yr Hold
Free & Clear
Property ID
US53-1010841
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2005
Total area
5,005 SF
Lot
1.72 ac (74,923 SF)
Zoning code
CP
APN
0501-98-2261
UPID
US53-1010841
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
-
CarolinasDentist Dental Office
-
Vista Oral Surgery & Implants Dental Office
-
Mariya Harn Dental Office
-
Blair Fleming Medical School
-
Dr. Eric Roman Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$626k
Blend (final)
Blend
$545k
Owner & transaction history
Noble Lillington Spring Lake N · 10 yrs held
Noble Lillington Spring Lake N
since 2016
6 recorded transactions
Zoning & alternative use
CP · Spring Lake, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Spring Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake 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
$380,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$850,000
Current use
OFFICE BUILDING
$785,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$760,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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 2019Property tax & assessments
Tax year 2019
Tax billed
$15,330
Tax year 2019
Assessed value
$989,654
Assessed 2023
Previous assessed
$989,654
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$422,486
Assessed improvement
$567,168
Land market value
$422,486
Improvement market value
$567,168
Total market value
$989,654
Applied tax rate
3,000.0000
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 CLINIC
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Bathrooms
2
Total area
5,005 SF
Lot
1.72 ac (74,923 SF)
Zoning code
CP
APN
0501-98-2261
UPID
US53-1010841
Jurisdiction
CUMBERLAND
Zoning & alternative use
CP · Spring Lake, NC
Zoning CP · permitted uses
CP · Spring Lake, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$850,000
OFFICE BUILDING
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$760,000
MEDICAL BUILDING Current
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
2005
Heating
NONE
Stories
1
Bathrooms
2
Lot
1.72 ac
Current owner
From public records · entity-resolved
Noble Lillington Spring Lake N
Individual
Free & Clear · 10 yrs held
Mailing address
4280 PROFESSIONAL CTR DR STE #100, PALM BEACH GARDENS, FL 33410-4280
Ownership since
2016
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
Jul 15, 2016
—
Noble Lillington Spring Lake
—
Deed
related
$32,500,000 · Bankunited Fsb
Feb 12, 2016
$2,500,000
Noble Lillington Spring Lake N
620 Investments LLC
Warranty Deed
—
Aug 1, 2013
$775,000
620 Investments LLC
Marcucci Jean D 2004 Trust
Warranty Deed
$2,000,000 · Vantagesouth Bank
Jan 28, 2005
$1,519,000
Marcucci,jean D Trust
Preferred Retail Store Develop
Grant Deed
$748,000 · Miscellaneous Ins Co
Jun 30, 2004
$450,000
Preferred Retail Store Develop
Wr Of Spring Lake LLC
Grant Deed
$450,000 · International Bk/commerce
—
—
Noble Lillington Spring Lake
—
Deed Of Trust
related
$32,500,000 · Bankunited Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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