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Property profile & analytics
OFF-MARKET
Estimated value
$13,020,000
Medical Office Space
6602 Knightdale Blvd, Knightdale, NC 27545-6525
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-0634813
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
BRICK
Total area
64,062 SF
Lot
7.72 ac (336,283 SF)
Zoning code
HB
APN
1744.04-54-9772 0373973
UPID
US53-0634813
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
-
Rex Wound Healing Center of Knightdale, A Department of Rex Hospital Medical Group
-
REX Wellness Center of Knightdale Gym & Fitness Center Alternative Medicine Practice
-
REX Sleep Lab of Knightdale Medical Group
-
REX Healthcare of Knightdale Medical Clinic
-
Rodney Lutz, MD Physician Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.49M
Comparable Approach
Comparable
$11.93M
Blend (final)
Blend
$13.02M
Owner & transaction history
Nv Knightdale Mob LLC · 13 yrs held
Nv Knightdale Mob LLC
since 2012
5 recorded transactions
Zoning & alternative use
HB · Knightdale, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.3M
+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 Knightdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Knightdale 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%
$14,610,000
6.5%
$13,485,000
7%
$12,525,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$20,815,000
Current use
COMMERCIAL (GENERAL)
$21,310,000
Change: +2% · Conversion: Easy
RETAIL STORES
$20,270,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$13.02M
Range $11.72M – $14.32M · ±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
$203 / 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
$181,834
Tax year 2023
Assessed value
$16,425,809
Assessed 2023
Previous assessed
$16,425,809
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,362,830
Assessed improvement
$13,062,979
Land market value
$3,362,830
Improvement market value
$13,062,979
Total market value
$16,425,809
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
2008
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
64,062 SF
Lot
7.72 ac (336,283 SF)
Zoning code
HB
APN
1744.04-54-9772 0373973
UPID
US53-0634813
Jurisdiction
WAKE
Zoning & alternative use
HB · Knightdale, NC
Zoning HB · permitted uses
HB · Knightdale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Knightdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$20.8M
COMMERCIAL (GENERAL)
Est. value
$21.3M
RETAIL STORES
Est. value
$20.3M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2008
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
7.72 ac
Current owner
From public records · entity-resolved
Nv Knightdale Mob LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 71970, PHOENIX, AZ 85050-1017
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2012
$24,760,000
Nv Knightdale Mob LLC
Nh Knightdale LLC
Grant Deed
—
Aug 23, 2010
$13,608,000
Nh Knightdale LLC
Knightdale Mob LLC
Grant Deed
related
—
Dec 3, 2007
—
Rex Hospital INC
Planters Walk Of Knightdale Cmnty
Quit Claim Deed
related
—
Jul 27, 2007
—
Rex Hospital INC
Rex Healthcare INC
Quit Claim Deed
related
—
—
—
Knightdale Mob LLC
—
Deed Of Trust
related
$6,025,000 · Key Bank & Trust
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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