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Property profile & analytics
OFF-MARKET
Estimated value
$4,445,000
Office buildings
208 Fayetteville St Raleigh, NC 27601-1310
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1759781
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Construction
BRICK
Total area
27,270 SF
Lot
0.16 ac (6,970 SF)
Zoning code
DX-40
APN
1703.34-68-8257 0033882
UPID
US53-1759781
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
-
U B PAINTN & SIPN Art Studio
-
Stay Polished Nail Salon
-
Royal Crown Head & Beard Spa Hair Salon
-
Jink Jam LLC Tattoo & Piercing Shop
-
GoldSoulCreations Tattoo Studio Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.67M
CAP Approach
CAP
$6.20M
Comparable Approach
Comparable
$4.37M
Blend (final)
Blend
$4.45M
Owner & transaction history
Moma 208 LLC · 9 yrs held
Moma 208 LLC
since 2017
Last sale
$4.2M
2 recorded transactions
Zoning & alternative use
DX-40 · 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
$5,005,000
ML approach
$5,665,000
CAP Approach
CAP Return
Estimation
6%
$6,715,000
6.5%
$6,200,000
7%
$5,755,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,320,000
Current use
Blend value · Realmo final
$4.45M
Range $4.00M – $4.89M · ±10% · vs last sale $4.21M (Mar 31 2020)
Last sale anchor
$4.21M
Mar 31 2020
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
$163 / 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
$59,588
Tax year 2023
Assessed value
$5,099,128
Assessed 2023
Previous assessed
$5,099,128
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,437,409
Assessed improvement
$2,661,719
Land market value
$2,437,409
Improvement market value
$2,661,719
Total market value
$5,099,128
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1935
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
27,270 SF
Lot
0.16 ac (6,970 SF)
Zoning code
DX-40
APN
1703.34-68-8257 0033882
UPID
US53-1759781
Jurisdiction
WAKE
Zoning & alternative use
DX-40 · Raleigh, NCZoning DX-40 · permitted uses
DX-40 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.3M
OFFICE BUILDING Current
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
1935
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Moma 208 LLC
Entity
Mailing address
133 FAYETTEVILLE ST #6, RALEIGH, NC 27601-1356
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2017
$3,750,000
Moma 208 LLC
Raleigh Investing LLC
Grant Deed
$3,187,500 · North St Bk
Aug 31, 2012
—
Raleigh Investing LLC
North Carolina State Bar
Warranty Deed
related
—
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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