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Property profile & analytics
OFF-MARKET
Investment properties
1410 Hillsborough St Raleigh, NC 27605-1829
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0388227
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
FRAME
Total area
3,838 SF
Lot
0.24 ac (10,454 SF)
Zoning code
OX-3
APN
1704.17-10-6572 0039928
UPID
US53-0388227
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
-
Ninth Floor, LLC Advertising Agency Marketing & Advertising
-
Merge LLC Advertising Agency Marketing & Advertising
-
Shoreline Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Luis Rafael Zarama · 1 yrs held
Luis Rafael Zarama
since 2025
Last sale
$2.2M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,204
Tax year 2023
Assessed value
$984,214
Assessed 2023
Previous assessed
$984,214
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$731,989
Assessed improvement
$252,225
Land market value
$731,989
Improvement market value
$252,225
Total market value
$984,214
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
9
Total area
3,838 SF
Lot
0.24 ac (10,454 SF)
Zoning code
OX-3
APN
1704.17-10-6572 0039928
UPID
US53-0388227
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.
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
9
Lot
0.24 ac
Current owner
From public records · entity-resolved
Luis Rafael Zarama
Individual
Mailing address
51 KILMAYNE DR STE #100, CARY, NC 27511-7719
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2025
$2,225,000
Luis Rafael Zarama
A Squared LLC
Warranty Deed
—
Apr 14, 2022
$1,350,000
A Squared LLC
Edifice Complex LLC
Special Warranty Deed
$1,080,000 · Ks Bank INC
Dec 22, 2009
$690,000
Edifice Complex LLC
Cherokee Holding Gp
Warranty Deed
$362,500 · Trustatlantic Bank
Mar 3, 2005
—
Cherokee Holding
—
Trustees Deed
related
$19,150 · Branch Banking & Trust Co
Dec 23, 2004
—
Cherokee Holding
—
Trustees Deed
related
$110,500 · Branch Banking & Trust Co
Feb 22, 2002
$410,000
Cherokee Holding Gp
N C Republican
Grant Deed
—
—
—
Cherokee Holding
—
Deed Of Trust
related
$175,000 · Capital Bank NA
—
—
Cherokee Holding
—
Deed Of Trust
related
$455,000 · Capital Bank NA
—
—
Edifice Complex LLC
—
Deed Of Trust
related
$381,825 · Branch Bk&tr
—
—
Edifice Complex LLC
—
Deed Of Trust
related
$362,500 · Trustatlantic 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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