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Property profile & analytics
OFF-MARKET
Retail space
150 White St Ste A, Wake Forest, NC 27587-2600
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1635432
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
CONCRETE BLOCKS
Total area
34,861 SF
Lot
3.1 ac (135,036 SF)
Zoning code
UMX
APN
1841.19-52-4174 0065443
UPID
US53-1635432
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
-
NC General Stores, HTC Marketing, Inc. Specialty Food Shop
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
White Street Village Housing Complex
-
OneCare Behavioral Health System Medical Clinic
-
Melissa B. Muller, LMFT Marriage Or Relationship Counselor
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
Stanley Martin Homes LLC · 4 yrs held
Stanley Martin Homes LLC
since 2022
Last sale
$333,000
7 recorded transactions
Zoning & alternative use
UMX · Wake Forest, 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 Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest 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
$27,895
Tax year 2023
Assessed value
$2,142,476
Assessed 2023
Previous assessed
$2,142,476
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,215,324
Assessed improvement
$927,152
Land market value
$1,215,324
Improvement market value
$927,152
Total market value
$2,142,476
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
9
Total area
34,861 SF
Lot
3.1 ac (135,036 SF)
Zoning code
UMX
APN
1841.19-52-4174 0065443
UPID
US53-1635432
Jurisdiction
WAKE
Zoning & alternative use
UMX · Wake Forest, NC
Zoning UMX · permitted uses
UMX · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
9
Lot
3.1 ac
Current owner
From public records · entity-resolved
Stanley Martin Homes LLC
Entity
Mailing address
4020 WESTCHASE BLVD STE #470, RALEIGH, NC 27607-3942
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
Apr 18, 2022
$3,750,000
Stanley Martin Homes LLC
Agnc Ventures I LLC
Warranty Deed
—
Apr 7, 2022
$750,000
Agnc Ventures LLC
Streetsmart Holdings LLC
Warranty Deed
—
Feb 9, 2022
—
Streetsmart Holdings LLC
Wake Forest Developers II LLC
Warranty Deed
—
Jan 7, 2019
—
Wake Forest Developers II LLC
—
Trustees Deed
related
$1,310,000 · North St Bk
Aug 22, 2016
—
Swift Creek Partners LLC
Wester,annie L J
Warranty Deed
related
—
Nov 9, 2012
—
Wake Forest Developers II LLC
Evanston Horner LLC
Warranty Deed
$3,000,000 · North State Bank
Oct 11, 2005
$2,235,000
Evanston Horner LLC
Bajo LLC
Warranty Deed
—
—
—
Wake Forest Developers II LLC
—
Deed Of Trust
related
$160,000 · North St 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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