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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Grocery and convenience stores
1830 New Bern Ave Raleigh, NC 27610-2541
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1572635
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1950
Construction
BRICK
Total area
2,352 SF
Lot
0.57 ac (24,829 SF)
Zoning code
NX-3
APN
1713.06-48-7894 0008714
UPID
US53-1572635
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
-
Shell Gas Station
-
Valero Fast Mart Grocery & Convenience Store
-
NYC Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$730k
Owner & transaction history
St George & St Shenouda LLC · 3 yrs held
St George & St Shenouda LLC
since 2023
Last sale
$783,500
7 recorded transactions
Zoning & alternative use
NX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The NX-3 is intended to provide for a variety of residential, retail, service andcommercial uses all within walking distance of residential neighborhoods
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
176.09 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$765,000
+12.2%
Medical building
$740,000
+9.1%
Auto repair, garage
$695,000
+2.0%
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
$755,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
RETAIL STORES
$680,000
Current use
COMMERCIAL (GENERAL)
$765,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$740,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $784k (Feb 3 2023)
Last sale anchor
$784k
Feb 3 2023
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
$310 / 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
$2,008
Tax year 2023
Assessed value
$789,723
Assessed 2023
Previous assessed
$789,723
+0.0% YoY
Effective rate
0.25%
On assessed value
Assessed land
$297,203
Assessed improvement
$492,520
Land market value
$297,203
Improvement market value
$492,520
Total market value
$789,723
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1950
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,352 SF
Lot
0.57 ac (24,829 SF)
Zoning code
NX-3
APN
1713.06-48-7894 0008714
UPID
US53-1572635
Jurisdiction
WAKE
Zoning & alternative use
NX-3 · Raleigh, NCZoning NX-3 · permitted uses
NX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The NX-3 is intended to provide for a variety of residential, retail, service andcommercial uses all within walking distance of residential neighborhoods
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
176.09 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$765,000
MEDICAL BUILDING
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$695,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1950
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
St George & St Shenouda LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5201 DUCKDOWN CT, RALEIGH, NC 27604-6104
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2023
$783,500
St George & St Shenouda LLC
Five Big Brothers LLC
Warranty Deed
—
Mar 19, 2018
$750,000
Five Big Brothers LLC
Nbave INC
Warranty Deed
—
Oct 19, 2017
—
Nbave INC
—
Trustees Deed
related
$70,000 · Khalid Blila
Jun 26, 2017
—
Nbave INC
—
Deed
related
$110,076 · James River Petroleum INC
Feb 25, 2008
—
Nbave INC
—
Trustees Deed
related
$60,000 · Amin Sider
Oct 12, 2005
$330,000
Nbave INC
Callaway,joseph N
Trustees Deed
$313,068 · Richard & Ida Raybon
Feb 10, 2004
—
Eani LLC
—
Trustees Deed
related
$15,000 · Ncn Corp
—
—
Nbave INC
—
Deed Of Trust
related
$227,559 · James River Petroleum INC
—
—
Nbave INC
—
Loan Modification
related
$110,076 · James River Petroleum INC
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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