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Property profile & analytics
FOR LEASE
Medical Office Space
980 Cox Rd Gastonia, NC 28054
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-1148602
For Lease
1 / 2
$1,360,000
980 Cox Rd, Gastonia, NC 28054
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
12,706 SF
Lot
1.48 ac (64,469 SF)
Zoning code
OFF04
APN
117925
UPID
US53-1148602
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
-
CaroMont Pulmonary Medicine Physician
-
Welltower Medical Office Space Medical Clinic
-
Gentiva Home Health Home Health Care Service
-
Dr. Jay Hendler Physician
-
Dr. Laura Peno-Green Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Gastonia 934 Mp Wrk7 LP
Gastonia 934 Mp Wrk7 LP
since 2026
7 recorded transactions
Zoning & alternative use
OFF04 · Gastonia, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+10.3%
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 Gastonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gastonia 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,025,000
Current use
COMMERCIAL (GENERAL)
$2,230,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$107 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$19,605
Tax year 2024
Assessed value
$1,833,930
Assessed 2024
Previous assessed
$1,840,420
-0.4% YoY
Effective rate
1.07%
On assessed value
Assessed land
$547,340
Assessed improvement
$1,286,590
Applied tax rate
180.0000
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
For Lease
Year built
2000
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
12,706 SF
Lot
1.48 ac (64,469 SF)
Zoning code
OFF04
APN
117925
UPID
US53-1148602
Jurisdiction
GASTON
Zoning & alternative use
OFF04 · Gastonia, NC
Zoning OFF04 · permitted uses
OFF04 · Gastonia, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gastonia. 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
$2.2M
MEDICAL BUILDING Current
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Gastonia 934 Mp Wrk7 LP
Entity
Free & Clear · 0 yrs held
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2026
—
Gastonia 934 Mp Wrk7 LP
North Carolina Om Holdco LLC
Deed
related
—
Nov 5, 2025
$2,900,000
Gastonia 934 Mp Wrk7 LLC
North Carolina Om Holdco LLC
Special Warranty Deed
$360,281,750 · Capital One Bank NA
Jan 2, 2024
—
North Carolina Om Holdco LLC
Welltower Om Group LLC
Special Warranty Deed
—
Mar 26, 2019
$1,700,000
Welltower Om Group LLC
Us Flagship Mob-cox LLC
Grant Deed
—
Mar 17, 2015
$2,390,000
Us Flagship Mob Cox LLC
Flagship Cox Road LLC
Special Warranty Deed
—
Feb 13, 2008
$601,000
F S Oakley Cox Road LLC &
—
Grant Deed
—
Dec 21, 2007
$2,400,000
Flagship-cox Rd LLC &
—
Grant Deed
—
—
—
Flagship Cox Road LLC
—
Deed Of Trust
related
$2,040,000 · Paragon Commercial Bank
—
—
Glm Investment LLC
—
Deed Of Trust
related
$50,000 · Citizens South Bank
—
—
Glm Investments LLC
—
Deed Of Trust
related
$250,000 · Citizens South Bank
—
—
Flagship-cox Road LLC
—
Deed Of Trust
related
$3,644,000 · Communityone Bank
—
—
Glm Investment LLC
—
Deed Of Trust
related
$1,533,549 · Citizens South Bank
—
—
Glm Investment LLC
—
Deed Of Trust
related
$150,000 · Citizens S Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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