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Property profile & analytics
OFF-MARKET
Estimated value
$2,890,000
Drug stores
1910 Fls Vly Dr Raleigh, NC 27615-3445
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-0133369
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2004
Construction
BRICK
Total area
14,360 SF
Lot
1.82 ac (79,279 SF)
Zoning code
PD
APN
1718.19-52-9038 0302902
UPID
US53-0133369
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Bombay Central Raleigh | Grocery · Café · Halal Meat Grocery & Convenience Store Food Market
-
Walgreens Pharmacy
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.92M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.89M
Owner & transaction history
Dtp Holdings LLP · 2 yrs held
Dtp Holdings LLP
since 2024
7 recorded transactions
Zoning & alternative use
PD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,160,000
6.5%
$2,915,000
7%
$2,705,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,660,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$4,530,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.18M · ±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
$201 / 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
$49,292
Tax year 2023
Assessed value
$4,522,183
Assessed 2023
Previous assessed
$4,522,183
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$811,116
Assessed improvement
$3,711,067
Land market value
$811,116
Improvement market value
$3,711,067
Total market value
$4,522,183
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2004
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,360 SF
Lot
1.82 ac (79,279 SF)
Zoning code
PD
APN
1718.19-52-9038 0302902
UPID
US53-0133369
Jurisdiction
WAKE
Zoning & alternative use
PD · Raleigh, NC
Zoning PD · permitted uses
PD · 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)
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.5M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2004
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
Dtp Holdings LLP
Entity
Free & Clear · 2 yrs held
Mailing address
1640 PANTEGO TRL, CARY, NC 27519-2603
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Dtp Holdings LLC
—
Deed
related
$4,275,000 · Benchmark Community Bank
Jan 12, 2024
—
Dtp Holdings LLP
Itac 520 LLC
Warranty Deed
—
Jun 30, 2023
$4,270,500
Dtp Holdings LLP
Hickory Carolina Investments LLC
Special Warranty Deed
$4,320,000 · Encore Bank NA
May 20, 2021
$5,783,000
Hickory Carolina Investments LLC
Franklin Family Limited Partnership
Special Warranty Deed
$3,953,618 · Wells Fargo Bank NA
Aug 9, 2005
$6,224,000
Franklin Family LP 1
Falls Ridge Dev LLC
Deed Of Trust
related
$1,400,000 · Wachovia Bank NA
Mar 16, 2005
$4,451,000
Falls Ridge Dev LLC
Falls Of Neuse Retail Invtrs LLC
Grant Deed
related
$4,600,000 · Wachovia Bank NA
Feb 27, 2004
$2,100,000
Falls Of Neuse Retail Invtrs LLC
Falls Ridge Dev LLC
Grant Deed
related
$2,055,047 · First Tennessee Bank National
—
—
Franklin Family LP 1
—
Deed Of Trust
related
$4,668,750 · General Elec Com'l Fin Busines
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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