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Property profile & analytics
OFF-MARKET
Estimated value
$8,480,000
Office buildings
1500 Wendell Blvd Wendell, NC 27591-4521
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0816232
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Construction
BRICK
Total area
40,897 SF
Lot
8.67 ac (377,665 SF)
Zoning code
CMX-CD
APN
1774.02-67-6070 0200843
UPID
US53-0816232
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.30M
Comparable Approach
Comparable
$9.79M
Blend (final)
Blend
$8.48M
Owner & transaction history
Fda Eat LLC · 6 yrs held
Fda Eat LLC
since 2019
2 recorded transactions
Zoning & alternative use
CMX-CD · Wendell, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.1M
+72.0%
Commercial (general)
$13.6M
+65.7%
Medical building
$13.3M
+61.8%
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 Wendell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wendell 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%
$11,160,000
6.5%
$10,300,000
7%
$9,565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,210,000
Current use
AUTO REPAIR, GARAGE
$14,125,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,605,000
Change: +66% · Conversion: Easy
MEDICAL BUILDING
$13,290,000
Change: +62% · Conversion: Easy
WAREHOUSE, STORAGE
$8,580,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$8.48M
Range $7.63M – $9.33M · ±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
$207 / 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
$87,416
Tax year 2023
Assessed value
$6,988,996
Assessed 2023
Previous assessed
$6,988,996
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,333,589
Assessed improvement
$5,655,407
Land market value
$1,333,589
Improvement market value
$5,655,407
Total market value
$6,988,996
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
2021
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
3
Bathrooms
1
Total area
40,897 SF
Lot
8.67 ac (377,665 SF)
Zoning code
CMX-CD
APN
1774.02-67-6070 0200843
UPID
US53-0816232
Jurisdiction
WAKE
Zoning & alternative use
CMX-CD · Wendell, NC
Zoning CMX-CD · permitted uses
CMX-CD · Wendell, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wendell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$14.1M
COMMERCIAL (GENERAL)
Est. value
$13.6M
MEDICAL BUILDING
Est. value
$13.3M
WAREHOUSE, STORAGE
Est. value
$8.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2021
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
3
Bathrooms
1
Lot
8.67 ac
Current owner
From public records · entity-resolved
Fda Eat LLC
Entity
Free & Clear · 6 yrs held
Mailing address
8358 6TH FRKS RD STE #104, RALEIGH, NC 27615-5093
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2020
—
Fda LLC
—
Deed Of Trust
related
$13,562,300 · First Citizens Bk
Nov 13, 2019
$1,050,000
Fda Eat LLC
Bw & G Group LLC
Warranty 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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