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Property profile & analytics
OFF-MARKET
Estimated value
$10,615,000
Office buildings
1500 Sunday Dr, Raleigh, NC 27607-0179
Entity Owned
Free & Clear
Property ID
US53-5419340
Property summary
AI-generated overview
Sunday Drive in Raleigh, NC, offers exceptional Class A executive office space within a well-established office park. This prestigious building, constructed in 2000, boasts a total of 61,227 square feet and currently has 9,176 square feet of vacant space available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 1,975 square feet to a maximum contiguous space of 4,567 square feet, providing flexibility for businesses of various sizes. The property is located at 1500 Sunday Dr, Raleigh, NC 27607, in Wake County, offering convenient access to the city's amenities and transportation networks. The building's "A" classification signifies its high-quality construction, modern amenities, and desirable location. This presents a unique opportunity for businesses seeking a prestigious and functional workspace in a thriving area. The available space is ideal for companies looking to establish a strong presence in Raleigh's dynamic business environment. Interested parties are encouraged to inquire about lease terms and availability for these exceptional executive office suites.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
BRICK
Total area
62,916 SF
Lot
2.95 ac (128,502 SF)
Zoning code
IX-3
APN
0774.12-96-6087 0243021
UPID
US53-5419340
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
-
Dr. Megan Webster Physician
-
Dylan Proctor - Mutual of Omaha Advisor Insurance Agency
-
Cory Walker - Mutual of Omaha Insurance Agency
-
Anatomical Pathology Patient Interest Association Medical Clinic
-
HCM Society Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.68M
CAP Approach
CAP
$14.31M
Comparable Approach
Comparable
$11.27M
Blend (final)
Blend
$10.62M
Owner & transaction history
Truswood Properties LLC
Truswood Properties LLC
since 2025
Last sale
$10.8M
5 recorded transactions
Zoning & alternative use
IX-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
Method
Estimation
Statistic approach
$14,305,000
ML approach
$9,675,000
CAP Approach
CAP Return
Estimation
6%
$15,495,000
6.5%
$14,305,000
7%
$13,280,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,005,000
Current use
Blend value · Realmo final
$10.62M
Range $9.55M – $11.68M · ±10% · vs last sale $10.76M (Dec 18 2025)
Last sale anchor
$10.76M
Dec 18 2025
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
$169 / 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
$105,307
Tax year 2023
Assessed value
$9,661,152
Assessed 2023
Previous assessed
$9,661,152
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,538,169
Assessed improvement
$8,122,983
Land market value
$1,538,169
Improvement market value
$8,122,983
Total market value
$9,661,152
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
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
62,916 SF
Lot
2.95 ac (128,502 SF)
Zoning code
IX-3
APN
0774.12-96-6087 0243021
UPID
US53-5419340
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$13.0M
OFFICE BUILDING Current
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
2000
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
2.95 ac
Current owner
From public records · entity-resolved
Truswood Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
150 GREENWICH ST FL #52, NEW YORK, NY 10007-2446
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
$10,759,500
Truswood Properties LLC
Raleigh Office 2 LLC
Special Warranty Deed
—
Jul 20, 2022
$14,600,000
Raleigh Office 2 LLC
To Sunday Drive LLC
Special Warranty Deed
—
Mar 5, 2020
$10,126,000
Tg Sunday Drive LLC
Continental Sunday Drive LLC
Special Warranty Deed
—
Mar 12, 2013
$8,300,000
Continental Sunday Drive LLC
Cbl-sunday Drive LLC
Trustees Deed
$6,000,000 · Keybank USA
Dec 10, 2007
$9,673,000
Cbl-sunday Drive LLC
Friendly Associates Xix Lllp
Grant Deed
—
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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