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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Medical Office Space
1, Lee St, NC
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0823920
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
6,240 SF
Lot
1.15 ac (50,094 SF)
Zoning code
B2
APN
58874
UPID
US53-0823920
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
$1.45M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Smbc Leasing And Finance INC · 3 yrs held
Smbc Leasing And Finance INC
since 2022
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
B2 · Lee St, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+38.4%
Restaurant
$1.0M
+36.7%
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 Lee St submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lee St 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
$1,400,000
ML approach
$1,445,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,055,000
Change: +38% · Conversion: Moderate
RESTAURANT
$1,040,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.90M (Nov 21 2022)
Last sale anchor
$1.90M
Nov 21 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
$248 / 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
$10,164
Tax year 2023
Assessed value
$791,815
Assessed 2023
Previous assessed
$791,815
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$60,375
Assessed improvement
$731,440
Land market value
$60,375
Improvement market value
$731,440
Total market value
$791,815
Applied tax rate
5.0000
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
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
10
Rooms
12
Bathrooms
4
Total area
6,240 SF
Lot
1.15 ac (50,094 SF)
Zoning code
B2
APN
58874
UPID
US53-0823920
Jurisdiction
PITT
Zoning & alternative use
B2 · Lee St, NC
Zoning B2 · permitted uses
B2 · Lee St, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lee St. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2003
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
10
Rooms
12
Bathrooms
4
Lot
1.15 ac
Current owner
From public records · entity-resolved
Smbc Leasing And Finance INC
Entity
Mailing address
277 PARK AVE, NEW YORK, NY 10172-0003
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
Nov 21, 2022
$2,000,000
Smbc Leasing And Finance INC
Jgm Properties LLC
Special Warranty Deed
—
Nov 1, 2005
—
Jgm Properties LLC
Creech,frederick W
Grant Deed
related
—
—
—
Jgm Properties LLC
—
Deed Of Trust
related
$750,000 · First Citizens 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.
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