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Property profile & analytics
OFF-MARKET
Investment properties
1705 Pacific Dr Raleigh, NC 27609-8106
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2078010
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1955
Construction
BRICK
Total area
2,259 SF
Lot
0.54 ac (23,522 SF)
Zoning code
OX-3
APN
1716.15-52-2668 0028384
UPID
US53-2078010
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
-
Midtown Neurofeedback Crisis Center Medical Clinic
-
Midtown Chiropractic & Acupuncture Medical Clinic Alternative Medicine Practice
-
Dr. Brett Hightower Alternative Medicine Practice
-
Blissful Wellness Physician Alternative Medicine Practice
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
Big Wheel Realty LLC · 4 yrs held
Big Wheel Realty LLC
since 2021
Last sale
$496,500
5 recorded transactions
Zoning & alternative use
OX-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
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
$3,998
Tax year 2023
Assessed value
$366,816
Assessed 2023
Previous assessed
$366,816
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$234,985
Assessed improvement
$131,831
Land market value
$234,985
Improvement market value
$131,831
Total market value
$366,816
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
1955
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
7
Bathrooms
2
Total area
2,259 SF
Lot
0.54 ac (23,522 SF)
Zoning code
OX-3
APN
1716.15-52-2668 0028384
UPID
US53-2078010
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.
Building & site characteristics
From public records
Year built
1955
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Big Wheel Realty LLC
Entity
Mailing address
7020 HASENTREE WAY, WAKE FOREST, NC 27587-5247
Ownership since
2021
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
Aug 20, 2021
$496,500
Big Wheel Realty LLC
Summer Rose LLC
Warranty Deed
$397,200 · Dogwood State Bank
Sep 9, 2020
—
Summer Rose LLC
—
Deed
related
$271,504 · First National Bank Of Pennsylvania
Feb 22, 2019
—
Summer Rose LLC
—
Deed
related
$570,000 · Suntrust Bk
Feb 13, 2012
$240,000
Summer Rose LLC
Taylor,bob H & Peggy L
Warranty Deed
$300,000 · Crescent State Bank
—
—
Summer Rose LLC
—
Deed Of Trust
related
$570,000 · Suntrust 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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