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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Grocery and convenience stores
11716 6th Frks Rd Raleigh, NC 27614-9637
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-5582035
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Construction
FRAME
Total area
2,730 SF
Lot
2 ac (87,120 SF)
Zoning code
R-80W
APN
1709.02-69-2074 0032346
UPID
US53-5582035
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$792k
Blend (final)
Blend
$1.08M
Owner & transaction history
Pia LLC · 4 yrs held
Pia LLC
since 2022
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
R-80W · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+40.2%
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
$1,300,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,075,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,505,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$885,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$860,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.15M (Feb 2 2022)
Last sale anchor
$1.15M
Feb 2 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
$396 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,119
Tax year 2024
Assessed value
$1,146,378
Assessed 2024
Previous assessed
$1,078,797
+6.3% YoY
Effective rate
0.62%
On assessed value
Assessed land
$456,750
Assessed improvement
$689,628
Land market value
$456,750
Improvement market value
$689,628
Total market value
$1,146,378
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,730 SF
Lot
2 ac (87,120 SF)
Zoning code
R-80W
APN
1709.02-69-2074 0032346
UPID
US53-5582035
Jurisdiction
WAKE
Zoning & alternative use
R-80W · Raleigh, NCZoning R-80W · permitted uses
R-80W · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$885,000
MEDICAL BUILDING
Est. value
$860,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Pia LLC
Entity
Mailing address
5106 LANDGUARD DR, RALEIGH, NC 27613-1718
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
Feb 2, 2022
$586,500
Pia LLC
Jap Raleigh LLC
Warranty Deed
$800,000 · Fidelity Bank
Jan 16, 2014
$800,000
Jap Raleigh LLC
Shree Girdhar LLC
Grant Deed
$665,000 · Fidelity Bk
Oct 27, 2010
$775,000
Shree Girdhar LLC
Goodtogo Ventures LLC
Grant Deed
$615,000 · Branch Banking & Trust Co
—
—
Shree Girdhar LLC
—
Deed Of Trust
related
$570,000 · Fidelity Bank NA
—
—
Goodtogo Ventures LLC
—
Deed Of Trust
related
$710,000 · Regions Bank
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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