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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Grocery and convenience stores
1298 Buck Jones Rd Raleigh, NC 27606-3327
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1581045
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,000 SF
Lot
0.5 ac (21,780 SF)
Zoning code
GC
APN
0773.15-63-3728 0086476
UPID
US53-1581045
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
-
CITGO Gas Station
-
LIGHT HOUSE FOOD MART Gas Station
-
76 Gas Station
-
RockItCoin Bitcoin ATM Atm
-
Victorio Tacos Burritos y Botanas Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.04M
Owner & transaction history
Clayton Bigsby Enterprises LLC · 5 yrs held
Clayton Bigsby Enterprises LLC
since 2020
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
GC · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+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
$1,310,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,180,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,655,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$975,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$945,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.00M (Dec 18 2020)
Last sale anchor
$1.00M
Dec 18 2020
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
$347 / 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
$7,552
Tax year 2023
Assessed value
$753,685
Assessed 2023
Previous assessed
$753,685
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$339,768
Assessed improvement
$413,917
Land market value
$339,768
Improvement market value
$413,917
Total market value
$753,685
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,000 SF
Lot
0.5 ac (21,780 SF)
Zoning code
GC
APN
0773.15-63-3728 0086476
UPID
US53-1581045
Jurisdiction
WAKE
Zoning & alternative use
GC · Raleigh, NCZoning GC · permitted uses
GC · 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
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$975,000
MEDICAL BUILDING
Est. value
$945,000
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Clayton Bigsby Enterprises LLC
Entity
Free & Clear · 5 yrs held
Mailing address
317 FLT RAIL TRL, CARY, NC 27511-3364
Ownership since
2020
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, 2021
—
Clayton Bigsby Ents LLC
—
Deed
related
$637,500 · Union Bk
Dec 18, 2020
$1,000,000
Clayton Bigsby Enterprises LLC
Lem Barnes Lalon III
Special Warranty Deed
—
Dec 16, 2020
—
Lalon L Barnes III
Rebekah B Horrell
Warranty Deed
—
Jun 9, 2020
—
Elizabeth B Braswell
Testamntary L L B J R Trust
Quit Claim Deed
related
—
—
—
Clayton Bigsby Ents LLC
—
Loan Modification
related
$637,500 · Union 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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