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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Investment properties
2020 Fairview Rd Raleigh, NC 27608-2316
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1190787
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1945
Construction
FRAME
Total area
2,332 SF
Lot
0.23 ac (10,019 SF)
Zoning code
OX-3
APN
1704.06-48-5214 0005826
UPID
US53-1190787
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
-
Woodall & McNeill Dentistry Dental Office
-
Dr Mc Neill John W Dental Office
-
Dr. John C. Woodall Dental Office
-
Meadows Joyce Dental Office
-
Raschke Melanie Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$715k
Owner & transaction history
Fairview Road Properties LLC · 5 yrs held
Fairview Road Properties LLC
since 2021
Last sale
$681,000
5 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$915,000
+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
$845,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$755,000
Current use
RETAIL STORES
$915,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$735,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$690,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $681k (Jul 2 2021)
Last sale anchor
$681k
Jul 2 2021
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
$307 / 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
$7,528
Tax year 2023
Assessed value
$704,755
Assessed 2023
Previous assessed
$704,755
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$541,026
Assessed improvement
$163,729
Land market value
$541,026
Improvement market value
$163,729
Total market value
$704,755
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
1945
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
10
Total area
2,332 SF
Lot
0.23 ac (10,019 SF)
Zoning code
OX-3
APN
1704.06-48-5214 0005826
UPID
US53-1190787
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$755,000
RETAIL STORES
Est. value
$915,000
MEDICAL BUILDING
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$690,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1945
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
10
Lot
0.23 ac
Current owner
From public records · entity-resolved
Fairview Road Properties LLC
Entity
Mailing address
2020 FAIRVIEW RD, RALEIGH, NC 27608-2316
Mailing matches property
Yes
Owner-occupied
Yes
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
Jul 2, 2021
—
Fairview Road Properties LLC
John Charles Woodall
Deed
—
Jul 2, 2021
$681,000
Fairview Road Properties LLC
John Charles Woodall
Special Warranty Deed
$681,000 · First Citizens Bank & Trust Co
Mar 12, 2019
$404,019
John C Woodall
Woodall,emma S
Grant Deed
related
—
—
—
John C Woodall
—
Deed Of Trust
related
$404,019 · First Citizens Bank & Trust Co
—
—
John C Woodall
—
Deed Of Trust
related
$196,947 · Emma S Woodall
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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