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Property profile & analytics
OFF-MARKET
Medical Office Space
804 Salem Woods Dr, Raleigh, NC 27615-3343
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5717357
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
FRAME
Total area
1,000 SF
Lot
0.01 ac (436 SF)
Zoning code
OX-3
APN
1717.05-08-7909 0164985
UPID
US53-5717357
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
-
My Exscape and More Alternative Medicine Practice Spa & Massage Center
-
Invisilace Hair Spa Hair Salon
-
Skin Spa Symposium, L.L.C. Medical Clinic Skin Care Clinic
-
Kelly Stapel, Licensed Massage and Bodywork Therapist Alternative Medicine Practice Spa & Massage Center
-
Julie White Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nora Rose Holdings I LLC · 1 yrs held
Nora Rose Holdings I LLC
since 2024
Last sale
$140,000
7 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,541
Tax year 2023
Assessed value
$141,396
Assessed 2023
Previous assessed
$141,396
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed improvement
$141,396
Improvement market value
$141,396
Total market value
$141,396
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
1988
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,000 SF
Lot
0.01 ac (436 SF)
Zoning code
OX-3
APN
1717.05-08-7909 0164985
UPID
US53-5717357
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.
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Nora Rose Holdings I LLC
Entity
Mailing address
6134 WESTGLEN DR, RALEIGH, NC 27612-6250
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
$285,000
Nora Rose Holdings I LLC
James M Powers
Special Warranty Deed
$242,250 · The Fidelity Bank
May 11, 2022
—
Andrew Jacobs Properties LLC
Ronald Bergen
Deed
—
Dec 7, 2020
$95,000
Sam Behrouzi
Joe Allen Barkley
Warranty Deed
$80,750 · The Fidelity Bank
May 14, 2018
$140,000
Ronald Bergen
Midtown Medi-spa INC
Warranty Deed
—
Jun 28, 2016
—
Sjwhite LLC
—
Deed
related
$72,250 · Fidelity Bk
Jun 27, 2014
$112,000
Midtown Medi-spa INC
Drew,donald R
Warranty Deed
$95,200 · Branch Bk&tr
Jul 11, 2013
—
Donald R Drew
Drew,donald R & Kim J
Quit Claim Deed
related
—
Feb 15, 2005
$96,500
Donald R Drew
Bryant,wyndell & Paulette S
Warranty Deed
—
—
—
John A Chianese
—
Deed Of Trust
related
$110,000 · Central Carolina 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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