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Property profile & analytics
OFF-MARKET
Estimated value
$6,320,000
Strip malls
10930 Raven Rdg Rd, Raleigh, NC 27614-6593
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1383416
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
BRICK
Total area
6,500 SF
Lot
2.47 ac (107,593 SF)
Zoning code
PD
APN
1728.01-15-4208 0219539
UPID
US53-1383416
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
-
Falls River Music Vocational School Training Center
-
Hi 5 Fitness for Youth Gym & Fitness Center
-
Well Groomed Pets-Raleigh Pet Grooming Service
-
Falls River Pharmacy LLC Pharmacy
-
Sweetheart Treats Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.14M
Blend (final)
Blend
$6.32M
Owner & transaction history
Np Falls River LLC · 4 yrs held
Np Falls River LLC
since 2022
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
PD · 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
Method
Estimation
Statistic approach
$6,750,000
ML approach
$6,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.32M
Range $5.69M – $6.95M · ±10% · vs last sale $5.97M (May 4 2022)
Last sale anchor
$5.97M
May 4 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
$972 / 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
$44,412
Tax year 2023
Assessed value
$4,074,529
Assessed 2023
Previous assessed
$4,074,529
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$874,892
Assessed improvement
$3,199,637
Land market value
$874,892
Improvement market value
$3,199,637
Total market value
$4,074,529
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,500 SF
Lot
2.47 ac (107,593 SF)
Zoning code
PD
APN
1728.01-15-4208 0219539
UPID
US53-1383416
Jurisdiction
WAKE
Zoning & alternative use
PD · Raleigh, NC
Zoning PD · permitted uses
PD · 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
2004
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
Np Falls River LLC
Entity
Mailing address
640 N LA SALLE DR STE #275, CHICAGO, IL 60654-3754
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2022
$22,500,000
Np Falls River LLC
Venters Investments LLC
Special Warranty Deed
$20,475,000 · First Horizon Bank
Oct 22, 2014
—
Falls River Props Group LLC
—
Loan Modification
related
$8,700,000 · Everbank
Apr 12, 2012
—
Falls River Props Group LLC
—
Deed Of Trust
related
$8,700,000 · Everbank
May 16, 2001
—
River Properties Gro Falls
Falls River Deve
Quit Claim Deed
related
—
—
—
Falls River Props Group LLC
—
Deed Of Trust
related
$10,000,000 · 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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