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Property profile & analytics
OFF-MARKET
Estimated value
$3,310,000
Medical Office Space
835 New Hope Rd, Raleigh, NC 27610-1485
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1463315
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
BRICK
Total area
11,342 SF
Lot
1.4 ac (60,984 SF)
Zoning code
CX-3
APN
1733.13-02-6851 0318954
UPID
US53-1463315
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
-
Fresenius Kidney Care New Hope Medical Clinic
-
Capital Nephrology Associates Physician
-
Dr. Michael I. Oliverio, MD Physician
-
Dr. Frederick S. Jones Jr, MD Physician
-
Dr. Prabhakar N. Vaidya, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.93M
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$3.31M
Owner & transaction history
Fcpt Acquisitions LLC · 4 yrs held
Fcpt Acquisitions LLC
since 2022
Last sale
$3.4M
3 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+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
$3,870,000
ML approach
$3,930,000
CAP Approach
CAP Return
Estimation
6%
$2,645,000
6.5%
$2,440,000
7%
$2,265,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,575,000
Current use
COMMERCIAL (GENERAL)
$3,680,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,345,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$3,280,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±10% · vs last sale $3.43M (May 2 2022)
Last sale anchor
$3.43M
May 2 2022
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
$292 / 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
$19,784
Tax year 2023
Assessed value
$1,815,016
Assessed 2023
Previous assessed
$1,815,016
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$307,359
Assessed improvement
$1,507,657
Land market value
$307,359
Improvement market value
$1,507,657
Total market value
$1,815,016
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
2004
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,342 SF
Lot
1.4 ac (60,984 SF)
Zoning code
CX-3
APN
1733.13-02-6851 0318954
UPID
US53-1463315
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning CX-3 · permitted uses
CX-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
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2004
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Fcpt Acquisitions LLC
Entity
Free & Clear · 4 yrs held
Mailing address
591 PO BOX 460049TH RD STE #3215, HOUSTON, TX 77056-8049
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
$3,425,000
Fcpt Acquisitions LLC
Vjkc Associates LLC
Special Warranty Deed
—
Apr 27, 2005
—
Vjkg Associates LLC
M Durwood Stephenson & Assocs
Warranty Deed
$1,500,000 · First Citizens Bank & Trust Co
—
—
Vjkg Associates LLC
—
Deed Of Trust
related
$1,100,000 · Crescent State 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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