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Property profile & analytics
OFF-MARKET
Assisted living facilities
1110 Fls Riv Ave, Raleigh, NC 27614-7772
Entity Owned
Free & Clear
Property ID
US53-0393044
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Construction
FRAME
Total area
28,070 SF
Lot
2.87 ac (125,017 SF)
Zoning code
PD
APN
1728.13-24-1975 0242099
UPID
US53-0393044
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 Court Nursing Home Retirement Community
-
Falls River Village Nursing Home Retirement Community
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
North Raleigh Senior Properties LLC
North Raleigh Senior Properties LLC
since 2025
Last sale
$7.8M
7 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
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
$53,202
Tax year 2023
Assessed value
$4,880,906
Assessed 2023
Previous assessed
$4,880,906
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$753,853
Assessed improvement
$4,127,053
Land market value
$753,853
Improvement market value
$4,127,053
Total market value
$4,880,906
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
42
Total area
28,070 SF
Lot
2.87 ac (125,017 SF)
Zoning code
PD
APN
1728.13-24-1975 0242099
UPID
US53-0393044
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
1999
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
42
Lot
2.87 ac
Current owner
From public records · entity-resolved
North Raleigh Senior Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1110 FLS RIV AVE NW #8, RALEIGH, NC 27614-7772
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
$7,807,000
North Raleigh Senior Properties LLC
1110 Falls River Avenue Holdings Ll
Special Warranty Deed
—
Jul 27, 2023
$6,619,633
1110 Falls River Avenue Holdings Ll
Sref Services LLC
Trustees Deed
related
—
Dec 15, 2014
—
Lsref Golden Prop 26 Nc LLC
—
Grant Deed
related
$6,965,000 · Cbre Cap Markets
Dec 21, 2012
—
Lsref Golden Prop 26 Nc LLC
—
Deed Of Trust
related
$10,396,226 · General Electric Capital Corp
Jan 23, 2009
$5,149,500
Lsref Golden Prop 26 Nc LLC
Falls Riv Village Assisted Liv
Grant Deed
—
Jan 23, 2009
—
Lsref Golden Prop 26 Nc LLC
—
Deed Of Trust
related
$173,461,608 · General Electric Capital Corp
Feb 23, 2004
$3,400,000
Riv Village Assisted Liv Falls
Raleigh Real Estate Invtrs
Grant Deed
$3,075,000 · First State Bank Thermopolis
Dec 9, 2002
$1,600,000
Raleigh Real Estate Invest
Third Party Inve
Grant Deed
—
—
—
Riv Village Assisted Liv Falls
—
Deed Of Trust
related
$175,000 · General Electric Capital Corp
—
—
Lsref Golden Prop 26 Nc LLC
—
Deed Of Trust
related
$79,500,000 · General Electric Capital Corp
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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