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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Office buildings
1520 Glenwood Ave, Raleigh, NC 27608-2264
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0082462
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
BRICK
Total area
4,922 SF
Lot
0.27 ac (11,761 SF)
Zoning code
OX-3
APN
1704.11-56-0356 0174422
UPID
US53-0082462
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
-
Miller Monroe & Plyler Law Firm
-
MacDermid, Reynolds & Glissman, PC Law Firm
-
Howell Cooper Law Firm
-
Rakesh Amrutlal Patel Physician
-
Hawkins Tom Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.67M
Owner & transaction history
1520 Glenwood LLC · 4 yrs held
1520 Glenwood LLC
since 2022
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+182.4%
Retail stores
$1.9M
+101.4%
Commercial (general)
$1.6M
+66.3%
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
$1,640,000
ML approach
$1,680,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,710,000
Change: +182% · Conversion: Difficult
RETAIL STORES
$1,935,000
Change: +101% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,595,000
Change: +66% · Conversion: Easy
MEDICAL BUILDING
$1,550,000
Change: +62% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,450,000
Change: +51% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,110,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10% · vs last sale $1.68M (May 13 2022)
Last sale anchor
$1.68M
May 13 2022
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
$338 / 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
$10,292
Tax year 2023
Assessed value
$944,240
Assessed 2023
Previous assessed
$944,240
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$140,779
Assessed improvement
$803,461
Land market value
$140,779
Improvement market value
$803,461
Total market value
$944,240
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
2
Total area
4,922 SF
Lot
0.27 ac (11,761 SF)
Zoning code
OX-3
APN
1704.11-56-0356 0174422
UPID
US53-0082462
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NC
Zoning OX-3 · permitted uses
OX-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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2000
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
1520 Glenwood LLC
Entity
Mailing address
1520 GLENWOOD AVE, RALEIGH, NC 27608-2264
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
$1,675,000
1520 Glenwood LLC
Vmptam LLC
Warranty Deed
$1,850,000 · Bank Of Oak Ridge
Mar 19, 2014
$1,268,000
Vmptam LLC
Glenwood 1520 LLC
Warranty Deed
$1,140,750 · Newbridge Bk
Oct 21, 2005
$1,450,000
Glenwood 1520 LLC
1520 Glenwood Avenue LLC
Warranty Deed
related
$1,450,000 · Wachovia Bank NA
Oct 18, 1999
—
1520 Glenwood Avenue LLC
Stratas,iv Nicho
Grant Deed
related
—
—
—
1520 Glenwood Ave LLC
—
Deed Of Trust
related
$181,844 · First Citizens Bank & Trust 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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