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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Medical Office Space
700 Murdock Rd Troutman, NC 28166
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1101975
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
WOOD
Total area
7,341 SF
Lot
2.5 ac (108,900 SF)
Zoning code
HB
APN
4742-75-2264.000
UPID
US53-1101975
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
$1.60M
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.55M
Owner & transaction history
Tah Property Management LLC · 5 yrs held
Tah Property Management LLC
since 2020
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
HB · Troutman, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+24.1%
Office building
$1.6M
+10.1%
Commercial (general)
$1.5M
+4.4%
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 Troutman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troutman 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
$1,520,000
ML approach
$1,595,000
CAP Approach
CAP Return
Estimation
6%
$1,705,000
6.5%
$1,575,000
7%
$1,460,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,430,000
Current use
RESTAURANT
$1,775,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,575,000
Change: +10% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,495,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.20M (Jul 31 2020)
Last sale anchor
$1.20M
Jul 31 2020
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
$210 / 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
$7,233
Tax year 2023
Assessed value
$1,205,560
Assessed 2023
Previous assessed
$1,062,450
+13.5% YoY
Effective rate
0.60%
On assessed value
Assessed land
$262,500
Assessed improvement
$943,060
Land market value
$262,500
Improvement market value
$943,060
Total market value
$1,205,560
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
2005
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Rooms
1
Bathrooms
2
Total area
7,341 SF
Lot
2.5 ac (108,900 SF)
Zoning code
HB
APN
4742-75-2264.000
UPID
US53-1101975
Jurisdiction
IREDELL
Zoning & alternative use
HB · Troutman, NC
Zoning HB · permitted uses
HB · Troutman, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troutman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
MEDICAL BUILDING Current
RESTAURANT
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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
2.5 ac
Current owner
From public records · entity-resolved
Tah Property Management LLC
Entity
Mailing address
237 STREAMSIDE PL, MOORESVILLE, NC 28115-9102
Ownership since
2020
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 31, 2020
$1,200,000
Tah Property Management LLC
Tahosp Properties LLC
Warranty Deed
$1,020,000 · Peoples Bk
Jul 31, 2020
—
Nta Prop Mgmt LLC
—
Deed
related
$300,000 · Tahosp Properties LLC
Jan 25, 2017
—
Tahosp Properties LLC
—
Deed
related
$1,000,000 · Bank Of Nc
—
—
Tahosp Properties LLC
—
Deed Of Trust
related
$1,160,800 · Citizens South Bank
—
—
Tahosp Properties LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of Nc
—
—
Nta Prop Mgmt LLC
—
Deed Of Trust
related
$300,000 · Tahosp Properties LLC
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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