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Property profile & analytics
OFF-MARKET
Estimated value
$14,390,000
Strip malls
1241 Buck Jones Rd, Raleigh, NC 27606-3326
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1185108
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
BRICK
Total area
111,521 SF
Lot
8.61 ac (375,052 SF)
Zoning code
GC
APN
0773.15-74-3127 0126571
UPID
US53-1185108
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
-
Cary Awards Inc (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.39M
Owner & transaction history
Np South Hills LLC · 4 yrs held
Np South Hills LLC
since 2021
Last sale
$14.2M
7 recorded transactions
Zoning & alternative use
GC · 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
$17,540,000
ML approach
$11,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.39M
Range $12.95M – $15.83M · ±10% · vs last sale $14.15M (Nov 18 2021)
Last sale anchor
$14.15M
Nov 18 2021
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
$129 / 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
$104,738
Tax year 2023
Assessed value
$10,452,875
Assessed 2023
Previous assessed
$10,452,875
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$3,217,946
Assessed improvement
$7,234,929
Land market value
$3,217,946
Improvement market value
$7,234,929
Total market value
$10,452,875
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
111,521 SF
Lot
8.61 ac (375,052 SF)
Zoning code
GC
APN
0773.15-74-3127 0126571
UPID
US53-1185108
Jurisdiction
WAKE
Zoning & alternative use
GC · Raleigh, NC
Zoning GC · permitted uses
GC · 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
1984
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
8.61 ac
Current owner
From public records · entity-resolved
Np South Hills LLC
Entity
Mailing address
640 N LA SALLE DR STE #275, CHICAGO, IL 60654-3754
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
$16,888,500
Np South Hills LLC
Donna Martin Evenson
Special Warranty Deed
$25,000,000 · American National Insurance Co
Aug 13, 2021
—
David J Martin JR
Donna Martin Evenson
Special Warranty Deed
—
Dec 30, 2016
—
David J Martin JR
Martin,david J SR & Marilyn B
Quit Claim Deed
related
—
May 6, 2016
—
David J Martin
—
Deed
related
$3,614,000 · Branch Bk&tr
—
—
David J Martin
—
Deed Of Trust
related
$3,614,000 · Branch Bk&tr
—
—
David J Martin SR.
—
Deed Of Trust
related
$2,218,278 · Suntrust Bank NA
—
—
David J Martin
—
Deed Of Trust
related
$275,000 · Branch Banking & Trust Co
—
—
David J Martin
—
Deed Of Trust
related
$5,375,000 · Branch Banking & Trust Co
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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