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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Investment properties
1613 Ronald Dr Raleigh, NC 27609-6224
Entity Owned
~
Est. High Equity
Property ID
US53-1503996
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1963
Construction
FRAME
Total area
2,026 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CX-3
APN
1716.19-50-9403 0001874
UPID
US53-1503996
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
-
Samuel's Auto service and state Inspections Auto Repair Shop
-
Fun Cars Transmission Repair Auto Repair Shop
-
Alston's Automotive Auto Repair Shop
-
Rent Fun Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
$447k
Blend (final)
Blend
$600k
Owner & transaction history
Joelle Holdings LLC
Joelle Holdings LLC
since 2025
Last sale
$760,000
6 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$795,000
+21.2%
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
$580,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$430,000
7%
$400,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$655,000
Current use
RETAIL STORES
$795,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$595,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $760k (May 1 2025)
Last sale anchor
$760k
May 1 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
$296 / 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
$3,641
Tax year 2023
Assessed value
$346,190
Assessed 2023
Previous assessed
$346,190
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$172,184
Assessed improvement
$174,006
Land market value
$172,184
Improvement market value
$174,006
Total market value
$346,190
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1963
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,026 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CX-3
APN
1716.19-50-9403 0001874
UPID
US53-1503996
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning CX-3 · permitted uses
CX-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
COMMERCIAL (GENERAL) Current
Est. value
$655,000
RETAIL STORES
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$595,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1963
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Joelle Holdings LLC
Entity
Mailing address
1613 RONALD DR, RALEIGH, NC 27609-6224
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
$760,000
Joelle Holdings LLC
Emad Ayad
Special Warranty Deed
$420,000 · Velocity Commercial Capital LLC
Jul 31, 2025
—
Joella Holdings LLC
—
Deed
related
$336,000 · Capital Community Bank
Jun 13, 2023
$600,000
Emad Ayad
Fun Cars LLC
Warranty Deed
—
Jan 3, 2019
—
Celeste Reinholtz & Fun Cars L
—
Deed
related
$265,000 · Yuying Zhang
Jun 28, 2018
$305,000
Fun Cars LLC
Cooper Charles A
Warranty Deed
$265,000 · Yuying Zhang
—
—
Celeste Reinholtz & Fun Cars L
—
Deed Of Trust
related
$265,000 · Yuying Zhang
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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