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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Office buildings
6208 Creft Cir, Indian Trail, NC 28079-9003
Entity Owned
12-yr Hold
Free & Clear
Property ID
US53-0267058
Property summary
AI-generated overview
This exceptional Class B office space, located in the vibrant Lake Park Town Center, offers a unique opportunity for businesses seeking a thriving community setting. The property features multiple suites, with a minimum divisible space of 295 square feet and a maximum contiguous space of 295 square feet. Currently, 295 square feet are vacant and ready for immediate occupancy. The building boasts a total of one suite, perfectly suited for smaller businesses or individual practitioners. Recently renovated in 2024, the space is modern and well-maintained. Convenient amenities include a single automatic elevator, ensuring easy access for all tenants. The property is zoned for retail use, offering flexibility for a variety of businesses. Utilities include power. The building's location on Meeting Street places it at the heart of a bustling area, surrounded by complementary wellness and health-related businesses. This presents an ideal opportunity for medical practices or other office-based businesses seeking high visibility and a strong community presence. The space is expected to be available for lease beginning February 2025. Property taxes are $0 per square foot.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
15,476 SF
Lot
0.22 ac (9,540 SF)
Zoning code
VC LAKE PARK
APN
07-063-868
UPID
US53-0267058
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
by Request
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$2.07M
Owner & transaction history
Vt Management LLC · 12 yrs held
Vt Management LLC
since 2013
7 recorded transactions
Zoning & alternative use
VC LAKE PARK · Indian Trail, 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 Indian Trail submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indian Trail 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
OFFICE BUILDING
$2,530,000
Current use
AUTO REPAIR, GARAGE
$2,450,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,430,000
Change: -4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,345,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,080,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±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
$134 / 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
$14,538
Tax year 2023
Assessed value
$1,741,900
Assessed 2023
Previous assessed
$1,741,900
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$197,100
Assessed improvement
$1,544,800
Land market value
$197,100
Improvement market value
$1,544,800
Total market value
$1,741,900
Applied tax rate
963.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Heating
YES
Stories
2
Total area
15,476 SF
Lot
0.22 ac (9,540 SF)
Zoning code
VC LAKE PARK
APN
07-063-868
UPID
US53-0267058
Jurisdiction
UNION
Zoning & alternative use
VC LAKE PARK · Indian Trail, NC
Zoning VC LAKE PARK · permitted uses
VC LAKE PARK · Indian Trail, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indian Trail. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1996
Heating
YES
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Vt Management LLC
Entity
Free & Clear · 12 yrs held
Mailing address
30 PRT ROYAL AVE, FOSTER CITY, CA 94404-3581
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2013
$969,500
Vt Management LLC
Uta-one LLC
Grant Deed
—
Jun 5, 2012
—
Uta-one LLC
Uta LLC
Grant Deed
—
May 23, 2011
$725,000
Uta LLC
Atlas Nc I Spe LLC
Grant Deed
—
May 23, 2011
—
Uta LLC
Atlas Nc I Spe LLC
Quit Claim Deed
related
—
Dec 31, 2009
$774,843
Atlas Nc I Spe LLC
Simpson David T JR
Trustees Deed
related
—
Jul 27, 2006
$128,000
Cypress Homes LLC
Mathisen
Warranty Deed
—
Feb 15, 2005
—
Lake Park Town Center Owners A
Mathisen
Warranty Deed
—
Feb 19, 2003
$10,500
Nancy C Hagin
The Mathisen Co
Grant Deed
—
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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