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Property profile & analytics
OFF-MARKET
Estimated value
$141,945,000
Office buildings
150 Fayetteville St Raleigh, NC 27601-1395
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0730001
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Total area
633,488 SF
Lot
1.21 ac (52,708 SF)
Zoning code
DX-40
APN
1703.34-68-8565 0032727
UPID
US53-0730001
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
-
Wade M. Smith, Attorney Law Firm
-
Gordon Rees Scully Mansukhani, LLP Law Firm
-
Coble Charles E Law Firm
-
Jonathan A. Blumberg, Attorney Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$144.01M
Comparable Approach
Comparable
$127.76M
Blend (final)
Blend
$141.95M
Owner & transaction history
Stephenson And Link Law Group P LLC · 4 yrs held
Stephenson And Link Law Group P LLC
since 2022
Last sale
$148.0M
7 recorded transactions
Zoning & alternative use
DX-40 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$205.5M
+66.3%
Medical building
$199.8M
+61.7%
Auto repair, garage
$186.8M
+51.1%
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
$183,405,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$156,010,000
6.5%
$144,010,000
7%
$133,725,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$123,585,000
Current use
COMMERCIAL (GENERAL)
$205,465,000
Change: +66% · Conversion: Easy
MEDICAL BUILDING
$199,775,000
Change: +62% · Conversion: Easy
AUTO REPAIR, GARAGE
$186,785,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$141.95M
Range $127.75M – $156.14M · ±10% · vs last sale $148.00M (Jul 30 2021)
Last sale anchor
$148.00M
Jul 30 2021
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
$224 / 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
$1,724,801
Tax year 2023
Assessed value
$149,222,120
Assessed 2023
Previous assessed
$149,222,120
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$18,431,988
Assessed improvement
$130,790,132
Land market value
$18,431,988
Improvement market value
$130,790,132
Total market value
$149,222,120
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 (MULTI-STORY)
Status
Off-Market
Year built
1990
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
5
Total area
633,488 SF
Lot
1.21 ac (52,708 SF)
Zoning code
DX-40
APN
1703.34-68-8565 0032727
UPID
US53-0730001
Jurisdiction
WAKE
Zoning & alternative use
DX-40 · Raleigh, NCZoning DX-40 · permitted uses
DX-40 · 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
OFFICE BUILDING Current
Est. value
$123.6M
COMMERCIAL (GENERAL)
Est. value
$205.5M
MEDICAL BUILDING
Est. value
$199.8M
AUTO REPAIR, GARAGE
Est. value
$186.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1990
Heating
CENTRAL
Cooling
Yes
Stories
5
Buildings
2
Lot
1.21 ac
Current owner
From public records · entity-resolved
Stephenson And Link Law Group P LLC
Entity
Free & Clear · 4 yrs held
Mailing address
150 FAYETTEVILLE ST STE #1400, RALEIGH, NC 27601-2956
Mailing matches property
Yes
Owner-occupied
Yes
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
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
—
Stephenson And Link Law Group P LLC
Hrlp Fayetteville LP
Lease
—
Jul 30, 2021
—
Hrlp Fayetteville LP
Pop 150 Fayetteville LP
Deed
—
Jul 30, 2021
$148,000,000
Hrlp Fayetteville LP
Pop 150 Fayetteville LP
Special Warranty Deed
—
Dec 31, 2018
—
Pop 150 Fayetteville LP
—
Deed
related
—
Aug 1, 2018
—
Pop 150 Fayetteville LLC
150 Fayetteville Owner LLC
Quit Claim Deed
related
—
Aug 1, 2018
$173,000,000
Pop 150 Fayetteville LLC
150 Fayetteville Owner LLC
Grant Deed
related
$114,400,000 · Miscellaneous Ins Co
Jan 30, 2017
$2,646,500
150 Fayetteville Tic Owner LLC
Ari-rcc 30 LLC
Grant Deed
—
Jan 30, 2017
—
150 Fayetteville Owner LLC
150 Fayetteville Tic Owner LLC
Quit Claim Deed
related
—
Dec 30, 2016
$1,218,500
150 Fayetteville Tic Owner LLC
Ari-rcc 38 LLC
Grant Deed
—
Dec 15, 2016
$3,078,500
150 Fayetteville Tic Owner LLC
Ari-rcc 4 LLC
Grant Deed
—
Dec 15, 2016
$3,537,000
150 Fayetteville Tic Owner LLC
Ari-rcc 33 LLC
Grant Deed
—
Dec 15, 2016
$2,751,000
150 Fayetteville Tic Owner LLC
Ari-rcc 8 LLC
Grant Deed
—
Dec 15, 2016
$6,118,000
150 Fayetteville Tic Owner LLC
Ari-rcc 3 LLC
Grant Deed
$120,300 · Lasalle Bk
Dec 15, 2016
$3,105,000
150 Fayetteville Tic Owner LLC
Ari-rcc 11 LLC
Grant Deed
—
Dec 15, 2016
$3,524,000
150 Fayetteville Tic Owner LLC
Ari-rcc 15 LLC
Grant Deed
—
Dec 15, 2016
$1,860,500
150 Fayetteville Tic Owner LLC
Ari-rcc 19 LLC
Grant Deed
—
Dec 15, 2016
—
150 Fayetteville Tic Owner LLC
Ari-rcc 35 LLC
Grant Deed
related
—
Dec 15, 2015
$6,538,000
150 Fayetteville Tic Owner LLC
Ari-rcc 6 LLC
Grant Deed
—
Dec 15, 2015
$4,060,000
150 Fayetteville Tic Owner LLC
Ari-rcc 36 LLC
Grant Deed
—
Dec 15, 2015
$6,510,000
150 Fayetteville Tic Owner LLC
Ari-rcc 28 LLC
Grant Deed
—
Dec 15, 2015
$13,076,000
150 Fayetteville Tic Owner LLC
Ari-rcc 32 LLC
Grant Deed
—
Dec 15, 2015
$12,376,000
150 Fayetteville Tic Owner LLC
Ari-rcc 10 LLC
Grant Deed
—
Aug 7, 2015
$180,000
150 Fayetteville Tic Owner LLC
Ari-rcc 20 LLC
Grant Deed
—
May 25, 2007
$152,300,000
Ari-rcc 38 LLC
Ari-raleigh Capitol Center LLC
Grant Deed
related
—
—
—
Pop 150 Fayetteville LP
—
Loan Modification
related
—
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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