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Property profile & analytics
OFF-MARKET
Estimated value
$2,575,000
Retail space
11211 Galleria Ave, Raleigh, NC 27614-8354
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2291727
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
BRICK
Total area
9,754 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CX-5
APN
1830.04-50-1583 0360683
UPID
US53-2291727
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
-
Kiwi Cafe And Smoothies Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Kim, Jason MD Physician Hospital
-
Mrs. Amy Gilbert Pediatrician Physician
-
Dr. Morris Pollock Physician
-
Encore Ristorante Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.51M
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.58M
Owner & transaction history
Rex Cdp Ventures LLC · 19 yrs held
Rex Cdp Ventures LLC
since 2006
3 recorded transactions
Zoning & alternative use
CX-5 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,720,000
6.5%
$2,510,000
7%
$2,330,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,835,000
Current use
COMMERCIAL (GENERAL)
$3,165,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$3,075,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.83M · ±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
$264 / 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
$23,508
Tax year 2023
Assessed value
$2,156,735
Assessed 2023
Previous assessed
$2,156,735
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$419,299
Assessed improvement
$1,737,436
Land market value
$419,299
Improvement market value
$1,737,436
Total market value
$2,156,735
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
2009
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
9,754 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CX-5
APN
1830.04-50-1583 0360683
UPID
US53-2291727
Jurisdiction
WAKE
Zoning & alternative use
CX-5 · Raleigh, NC
Zoning CX-5 · permitted uses
CX-5 · 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
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2009
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Rex Cdp Ventures LLC
Entity
Free & Clear · 19 yrs held
Mailing address
1330 SAINT MARYS ST STE #100, RALEIGH, NC 27605-3334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2021
—
Cpgpi Wakefield Ht LLC
—
Deed
related
$5,000,000 · First Bk
Nov 16, 2006
—
Rex Cdp Ventures LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Cpgpi Wakefield Ht LLC
—
Deed Of Trust
related
$5,000,000 · First Bk
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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