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Property profile & analytics
OFF-MARKET
Estimated value
$5,590,000
Office buildings
1304 Annapolis Dr, Raleigh, NC 27608-2130
Individually Owned
6-yr Hold
Free & Clear
Property ID
US53-2171413
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
34,150 SF
Lot
2.21 ac (96,268 SF)
Zoning code
OX-3
APN
1704.09-16-5215 0088800
UPID
US53-2171413
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
-
U.S. Tobacco Cooperative Inc. Agricultural Service Agricultural Cooperative
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.77M
Comparable Approach
Comparable
$5.77M
Blend (final)
Blend
$5.59M
Owner & transaction history
Town Of Fuquay-varina · 6 yrs held
Town Of Fuquay-varina
since 2020
7 recorded transactions
Zoning & alternative use
OX-3 · 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%
$8,410,000
6.5%
$7,765,000
7%
$7,210,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,660,000
Current use
Blend value · Realmo final
$5.59M
Range $5.03M – $6.15M · ±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
$164 / 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
$52,907
Tax year 2023
Assessed value
$4,853,893
Assessed 2023
Previous assessed
$4,853,893
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,599,236
Assessed improvement
$2,254,657
Land market value
$2,599,236
Improvement market value
$2,254,657
Total market value
$4,853,893
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
34,150 SF
Lot
2.21 ac (96,268 SF)
Zoning code
OX-3
APN
1704.09-16-5215 0088800
UPID
US53-2171413
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NC
Zoning OX-3 · permitted uses
OX-3 · 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
OFFICE BUILDING Current
Est. value
$6.7M
OFFICE BUILDING Current
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
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.21 ac
Current owner
From public records · entity-resolved
Town Of Fuquay-varina
Individual
Free & Clear · 6 yrs held
Mailing address
1304 ANNAPOLIS DR, RALEIGH, NC 27608-2130
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
—
U S Tobacco Cooperative INC
—
Deed
related
$130,000,000 · Pnc Bank NA
Mar 15, 2021
—
Us Tobacco Cooperative INC
—
Deed
related
$140,000,000 · Truist Bk
Jan 13, 2020
$6,000
Town Of Fuquay-varina
Us Tobacco Cooperative INC
Grant Deed
—
Nov 18, 2016
—
Us Tobacco Cooperative INC
—
Deed
related
$215,000 · Branch Bk&tr
Nov 19, 2008
—
Us Tobacco Cooperative INC
Owner,record
Grant Deed
related
—
—
—
Us Tobacco Cooperative INC
—
Deed Of Trust
related
$70,000,000 · Branch Bk&tr
—
—
Us Tobacco Cooperative INC
—
Loan Modification
related
$217,000,000 · Branch Bk&tr
—
—
Us Tobacco Cooperative INC
—
Loan Modification
related
$215,000 · Branch Bk&tr
—
—
Us Tobacco Cooperative INC
—
Loan Modification
related
$140,000,000 · Truist 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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