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Property profile & analytics
FOR LEASE
Retail space
1101 East Whitaker Mill Rd Raleigh, NC 27604
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0785875
For Lease
1 / 7
$13,175,000
1101 East Whitaker Mill Rd, Raleigh, NC 27604
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
METAL FRAME
Total area
59,781 SF
Lot
3.44 ac (149,846 SF)
Zoning code
CX-7
APN
1714.06-29-6272 0466215
UPID
US53-0785875
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
-
FM:Systems - Corporate HQ (Bike/Boat/Book/etc) Store Corporate Office
-
Wasserman Media Group LLC Media Distribution
-
AHURA Triangle Pop-up Market (Bike/Boat/Book/etc) Store
-
Jade Massage and Wellness L.L.C. Alternative Medicine Practice Spa & Massage Center
-
Nadia Ibarrola Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.38M
Comparable Approach
Comparable
$14.83M
Blend (final)
Blend
$13.18M
Owner & transaction history
Riw Plan Of Steel LP · 4 yrs held
Riw Plan Of Steel LP
since 2022
1 recorded transaction
Zoning & alternative use
CX-7 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$19.4M
+43.3%
Medical building
$18.9M
+39.4%
Auto repair, garage
$17.6M
+30.3%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,655,000
6.5%
$15,375,000
7%
$14,280,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,530,000
Current use
COMMERCIAL (GENERAL)
$19,390,000
Change: +43% · Conversion: Easy
MEDICAL BUILDING
$18,855,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,625,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,545,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$13.18M
Range $11.86M – $14.49M · ±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
$220 / 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
$143,912
Tax year 2023
Assessed value
$13,202,952
Assessed 2023
Previous assessed
$13,202,952
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,348,614
Assessed improvement
$11,854,338
Land market value
$1,348,614
Improvement market value
$11,854,338
Total market value
$13,202,952
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
For Lease
Year built
1957
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
59,781 SF
Lot
3.44 ac (149,846 SF)
Zoning code
CX-7
APN
1714.06-29-6272 0466215
UPID
US53-0785875
Jurisdiction
WAKE
Zoning & alternative use
CX-7 · Raleigh, NC
Zoning CX-7 · permitted uses
CX-7 · 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
RETAIL STORES Current
Est. value
$13.5M
COMMERCIAL (GENERAL)
Est. value
$19.4M
MEDICAL BUILDING
Est. value
$18.9M
AUTO REPAIR, GARAGE
Est. value
$17.6M
WAREHOUSE, STORAGE
Est. value
$13.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1957
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.44 ac
Current owner
From public records · entity-resolved
Riw Plan Of Steel LP
Entity
Mailing address
3700 GLENWOOD AVE STE #430, RALEIGH, NC 27612-5530
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
—
Riw Plan Of Steel LP
—
Deed
related
$103,400,000 · Helaba
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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