Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,680,000
Investment properties
14 Glenwood Ave Raleigh, NC 27603-1702
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1253893
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1930
Construction
BRICK
Total area
15,454 SF
Lot
0.27 ac (11,761 SF)
Zoning code
DX-7
APN
1703.06-49-6512 0012022
UPID
US53-1253893
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
-
Simply Photos Photography Service (Bike/Boat/Book/etc) Store
-
Land of the Pines Properties Real Estate Agency
-
Surely Shelby Business Administration Service
-
Images by Amber Robinson Wedding Service Photography Service
-
March Hare Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.94M
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$4.68M
Owner & transaction history
Np Loden Glenwood LLC · 3 yrs held
Np Loden Glenwood LLC
since 2022
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
DX-7 · 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
$4,975,000
ML approach
$4,940,000
CAP Approach
CAP Return
Estimation
6%
$3,400,000
6.5%
$3,140,000
7%
$2,915,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,230,000
Current use
OFFICE BUILDING
$5,105,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$4.68M
Range $4.21M – $5.15M · ±10% · vs last sale $4.40M (Oct 11 2022)
Last sale anchor
$4.40M
Oct 11 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
$303 / 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
$27,556
Tax year 2023
Assessed value
$2,358,045
Assessed 2023
Previous assessed
$2,358,045
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,528,930
Assessed improvement
$829,115
Land market value
$1,528,930
Improvement market value
$829,115
Total market value
$2,358,045
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1930
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
15,454 SF
Lot
0.27 ac (11,761 SF)
Zoning code
DX-7
APN
1703.06-49-6512 0012022
UPID
US53-1253893
Jurisdiction
WAKE
Zoning & alternative use
DX-7 · Raleigh, NC
Zoning DX-7 · permitted uses
DX-7 · 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
COMMERCIAL (GENERAL) Current
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.1M
COMMERCIAL (GENERAL) Current
OFFICE 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
1930
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Np Loden Glenwood LLC
Entity
Mailing address
640 N LA SALLE DR STE #275, CHICAGO, IL 60654-3754
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$4,400,000
Np Loden Glenwood LLC
Barry W Carter SR.
Special Warranty Deed
—
Jun 25, 2019
—
Barry W Carter
—
Deed
related
$490,000 · First Citizens Bk
Jul 1, 2014
—
Carter,barry W SR & Tammie O
—
Trustees Deed
related
$120,000 · First Citizens Bk
—
—
Barry W Carter SR.
—
Deed Of Trust
related
$450,000 · First Citizens Bank & Trust Co
—
—
Barry W Carter
—
Deed Of Trust
related
$490,000 · First Citizens Bk
—
—
Barry W Carter
—
Deed Of Trust
related
$100,000 · First Citizens Bank & Trust Co
—
—
Barry W Carter
—
Deed Of Trust
related
$300,000 · First Citizens Bank & Trust Co
—
—
Barry W Carter
—
Deed Of Trust
related
$174,130 · First Citizens Bank & 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 14 Glenwood Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
