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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Medical Office Space
7205 Stonehenge Dr, Raleigh, NC 27613-1649
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0990228
Property summary
AI-generated overview
This exceptional standalone medical office building, located at 7205 Stonehenge Dr in Raleigh, NC, presents a unique investment opportunity. The 6,682 square foot building, constructed in 1993, is situated on a 0.87-acre lot and features two stories. Its convenient location off Creedmoor Road, between I-540 and Highway 70, provides excellent accessibility. The property is zoned OX-3, making it ideal for medical practices. Offered at $2,350,000, this owner/user opportunity allows for the acquisition of a high-demand medical office space in a thriving Raleigh market. The building's standalone nature offers significant advantages, including ample parking and high visibility. This is a rare chance to secure a well-established medical office building in a prime location. The property's size and zoning make it suitable for a variety of medical uses, providing flexibility for potential buyers. Serious inquiries are encouraged to explore this exceptional investment opportunity further.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Construction
BRICK
Total area
6,415 SF
Lot
0.87 ac (37,897 SF)
Zoning code
OX-3
APN
0797.10-47-5472 0160439
UPID
US53-0990228
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
-
R Everett Everett Frerichs Pediatrician Medical Clinic
-
Emily Morgan Pediatrician Medical Clinic
-
North Raleigh Pediatric Group Pediatrician Medical Clinic
-
Dr. R E. Frerichs, MD Pediatrician Medical Clinic
-
Dr. Nirali M. Dubal, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.51M
Owner & transaction history
7205 Stonehenge LLC · 1 yrs held
7205 Stonehenge LLC
since 2025
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+2.9%
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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
$1,435,000
ML approach
$1,470,000
CAP Approach
CAP Return
Estimation
6%
$1,485,000
6.5%
$1,370,000
7%
$1,275,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,025,000
Current use
COMMERCIAL (GENERAL)
$2,080,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,890,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10% · vs last sale $2.05M (Apr 25 2025)
Last sale anchor
$2.05M
Apr 25 2025
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
$235 / 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
$12,253
Tax year 2023
Assessed value
$1,124,089
Assessed 2023
Previous assessed
$1,124,089
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$491,145
Assessed improvement
$632,944
Land market value
$491,145
Improvement market value
$632,944
Total market value
$1,124,089
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
1993
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,415 SF
Lot
0.87 ac (37,897 SF)
Zoning code
OX-3
APN
0797.10-47-5472 0160439
UPID
US53-0990228
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NC
Zoning OX-3 · permitted uses
OX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1993
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
7205 Stonehenge LLC
Entity
Mailing address
7205 STONEHENGE DR, RALEIGH, NC 27613-1649
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Apr 17, 2026
—
7205 Stonehenge LLC
—
Deed
related
$4,000,000 · Fidelity Bank
Apr 25, 2025
$2,050,000
7205 Stonehenge LLC
North Raleigh Pediatric Physicians
Special Warranty Deed
$1,742,500 · The Fidelity Bank
Aug 3, 2022
—
North Raleigh Pediatric Physicians
—
Deed
related
$602,000 · Coastal FCU
Apr 28, 2006
—
Raleigh Pediatric Physic North
Nrpg Associates
Warranty Deed
$937,500 · Wachovia Bank NA
—
—
Raleigh Pediatric Physic North
—
Deed Of Trust
related
$980,000 · Wells Fargo Bank
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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