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Property profile & analytics
OFF-MARKET
Estimated value
$3,630,000
Investment properties
111 Hargett St, Raleigh, NC 27601-1313
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-4046288
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1951
Construction
BRICK
Total area
28,273 SF
Lot
0.28 ac (12,197 SF)
Zoning code
DX-20
APN
1703.34-68-4391 0419808
UPID
US53-4046288
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
-
Tru Measure, LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Pallbearer (Bike/Boat/Book/etc) Store
-
Cherokee Consultant
-
The McClatchy Company Publishing House Newspaper & Magazine
-
origami styling (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.63M
Owner & transaction history
Historic Hargett LLC · 2 yrs held
Historic Hargett LLC
since 2023
5 recorded transactions
Zoning & alternative use
DX-20 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$128 / 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
$48,504
Tax year 2023
Assessed value
$4,150,593
Assessed 2023
Previous assessed
$4,150,593
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,441,839
Assessed improvement
$1,708,754
Land market value
$2,441,839
Improvement market value
$1,708,754
Total market value
$4,150,593
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1951
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
28,273 SF
Lot
0.28 ac (12,197 SF)
Zoning code
DX-20
APN
1703.34-68-4391 0419808
UPID
US53-4046288
Jurisdiction
WAKE
Zoning & alternative use
DX-20 · Raleigh, NC
Zoning DX-20 · permitted uses
DX-20 · 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
1951
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Historic Hargett LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4030 WAKE FRST RD #349, RALEIGH, NC 27609-0010
Ownership since
2023
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
Dec 14, 2023
—
Historic Hargett LLC
Ev 111 Hargett LLC
Special Warranty Deed
—
Jan 19, 2021
$5,450,000
Ev 111 Hargett LLC
111w Hargett Mrp LLC
Special Warranty Deed
$5,405,848 · First Carolina Bank
Nov 30, 2017
$20,500,000
Phoenix III Of Raleigh LLC
News & Observer Publishing Co
Grant Deed
—
Nov 30, 2017
$1,000
News & Observer Publishing Co
111 W Hargett Mrp LLC
Grant Deed
related
—
Feb 11, 2016
—
111 W Hargett Mrp LLC
News & Observer Publishing Co
Grant Deed
related
—
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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