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Property profile & analytics
OFF-MARKET
Estimated value
$3,575,000
Community centers
1411 Garner Sta Blvd, Raleigh, NC 27603-3630
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-2019185
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1998
Construction
CONCRETE BLOCKS
Total area
20,790 SF
Lot
5.58 ac (243,065 SF)
Zoning code
CMX
APN
1701.06-28-7326 0179085
UPID
US53-2019185
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
-
Grifols Talecris - Plasma Donation Center Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.58M
Owner & transaction history
8401 Michigan Road LLC · 10 yrs held
8401 Michigan Road LLC
since 2016
4 recorded transactions
Zoning & alternative use
CMX · 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%
$5,130,000
6.5%
$4,735,000
7%
$4,395,000
Blend value · Realmo final
$3.58M
Range $3.22M – $3.93M · ±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
$172 / 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
$60,731
Tax year 2023
Assessed value
$4,729,804
Assessed 2023
Previous assessed
$4,729,804
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,053,899
Assessed improvement
$2,675,905
Land market value
$2,053,899
Improvement market value
$2,675,905
Total market value
$4,729,804
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1998
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
20,790 SF
Lot
5.58 ac (243,065 SF)
Zoning code
CMX
APN
1701.06-28-7326 0179085
UPID
US53-2019185
Jurisdiction
WAKE
Zoning & alternative use
CMX · Raleigh, NC
Zoning CMX · permitted uses
CMX · 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
1998
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.58 ac
Current owner
From public records · entity-resolved
8401 Michigan Road LLC
Entity
Mailing address
3611 14TH AVE STE #420, BROOKLYN, NY 11218-3750
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2018
—
8401 Michigan Road LLC
—
Grant Deed
related
$14,000,000 · Miscellaneous Ins Co
Jun 23, 2016
$14,800,000
8401 Michigan Road LLC
Ga Ns Station LLC
Trustees Deed
$11,800,000 · Bancorp Bk
Feb 2, 2012
$10,875,000
Ga Ns Station LLC
North South Station LLC
Grant Deed
—
Jan 2, 2007
$25,500,000
North South Station LLC
Dim Vastgoed INC
Grant Deed
$20,500,000 · Principal Life Insurance 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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