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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Retail space
1729 Nc 42nd Hwy Willow Spring, NC 27592
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5785879
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Construction
FRAME
Total area
8,875 SF
Lot
1.87 ac (81,457 SF)
Zoning code
GC-CZD
APN
0677.04-90-3142 0011011
UPID
US53-5785879
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
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.63M
Owner & transaction history
Thomas Morris · 20 yrs held
Thomas Morris
since 2006
4 recorded transactions
Zoning & alternative use
GC-CZD · Willow Spring, 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 Willow Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willow Spring 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±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
$184 / 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
$19,496
Tax year 2023
Assessed value
$1,494,764
Assessed 2023
Previous assessed
$1,494,764
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$407,285
Assessed improvement
$1,087,479
Land market value
$407,285
Improvement market value
$1,087,479
Total market value
$1,494,764
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
2
Total area
8,875 SF
Lot
1.87 ac (81,457 SF)
Zoning code
GC-CZD
APN
0677.04-90-3142 0011011
UPID
US53-5785879
Jurisdiction
WAKE
Zoning & alternative use
GC-CZD · Willow Spring, NCZoning GC-CZD · permitted uses
GC-CZD · Willow Spring, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
1.87 ac
Current owner
From public records · entity-resolved
Thomas Morris
Individual
Mailing address
3347 ALLEGHANY DR, RALEIGH, NC 27609-6903
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2006
$285,000
Thomas Morris
Frank Reck LLC
Warranty Deed
$242,250 · Four Oaks Bank & Trust Co
Aug 27, 2003
$270,000
Frank Reck LLC
Little,caboose L
Grant Deed
—
—
—
Thomas A Morris
—
Deed Of Trust
related
$311,000 · Fidelity Bank NA
—
—
Thomas A Morris
—
Deed Of Trust
related
$200,000 · Four Oaks 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.
Try Rey
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