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Property profile & analytics
OFF-MARKET
Retail space
1020 Glenwood Ave Raleigh, NC 27605-1514
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US53-5807984
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
BRICK
Total area
1,055 SF
Lot
0.13 ac (5,663 SF)
Zoning code
RX-3
APN
1704.14-43-8657 0029214
UPID
US53-5807984
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
-
MA Allen Interiors Interior Design Home Decor Store
-
White Law Offices Law Firm
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
Ma Allen Properties LLC · 11 yrs held
Ma Allen Properties LLC
since 2014
6 recorded transactions
Zoning & alternative use
RX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RX-3 is a mixed residential district intended to provide for a variety ofresidential building types and housing options at density in excess of 10dwelling units per acre
Zone name
Residential Mixed Use
General category
MIXED_USE
Zone area
1,588.01 ac
Source
Realmo
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
$4,438
Tax year 2023
Assessed value
$407,120
Assessed 2023
Previous assessed
$407,120
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$400,000
Assessed improvement
$7,120
Land market value
$400,000
Improvement market value
$7,120
Total market value
$407,120
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,055 SF
Lot
0.13 ac (5,663 SF)
Zoning code
RX-3
APN
1704.14-43-8657 0029214
UPID
US53-5807984
Jurisdiction
WAKE
Zoning & alternative use
RX-3 · Raleigh, NCZoning RX-3 · permitted uses
RX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RX-3 is a mixed residential district intended to provide for a variety ofresidential building types and housing options at density in excess of 10dwelling units per acre
Zone name
Residential Mixed Use
General category
MIXED_USE
Zone area
1,588.01 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1925
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Ma Allen Properties LLC
Entity
Mailing address
1020 GLENWOOD AVE, RALEIGH, NC 27605-1514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2019
—
Ma Allen Properties LLC
—
Deed
related
$406,077 · Branch Bk&tr
Aug 4, 2014
$350,000
Ma Allen Properties LLC
Gw Property Associates LLC
Grant Deed
$399,500 · Branch Bk&tr
Dec 11, 2006
$229,000
Gw Property Associates LLC
Gault,james W & Sandra M
Warranty Deed
$250,000 · Reis Investments INC
—
—
Ma Allen Properties LLC
—
Deed Of Trust
related
$406,077 · Branch Bk&tr
—
—
Gw Property Associates LLC
—
Deed Of Trust
related
$50,000 · Capital Bank NA
—
—
Gw Property Associates LLC
—
Deed Of Trust
related
$250,000 · Capital Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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