New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Office buildings
213 Fayetteville St, Raleigh, NC 27601-2918
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1778395
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
BRICK
Total area
6,423 SF
Lot
0.06 ac (2,614 SF)
Zoning code
DX-40
APN
1703.34-78-1200 0199574
UPID
US53-1778395
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
-
Don MacConnell - Realtor with Cary Raleigh Realty Real Estate Agency
-
thoughtbot (Bike/Boat/Book/etc) Store Corporate Office
-
PYROLAVE USA - JEAN PAUWELS LLC Building Supply
-
Brian Saar Design Marketing & Advertising Advertising Agency
-
Suzanne Smith Real Estate Broker in Raleigh, NC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.02M
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$2.00M
Owner & transaction history
L Empire De La Mort LLC · 3 yrs held
L Empire De La Mort LLC
since 2022
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
DX-40 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.5M
+101.4%
Commercial (general)
$2.1M
+66.3%
Medical building
$2.0M
+61.7%
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
$1,960,000
ML approach
$2,020,000
CAP Approach
CAP Return
Estimation
6%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,255,000
Current use
RETAIL STORES
$2,525,000
Change: +101% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,085,000
Change: +66% · Conversion: Easy
MEDICAL BUILDING
$2,025,000
Change: +62% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,895,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±10% · vs last sale $2.00M (Aug 26 2022)
Last sale anchor
$2.00M
Aug 26 2022
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
$311 / 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
$18,466
Tax year 2023
Assessed value
$1,580,175
Assessed 2023
Previous assessed
$1,580,175
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$868,410
Assessed improvement
$711,765
Land market value
$868,410
Improvement market value
$711,765
Total market value
$1,580,175
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
1915
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
6,423 SF
Lot
0.06 ac (2,614 SF)
Zoning code
DX-40
APN
1703.34-78-1200 0199574
UPID
US53-1778395
Jurisdiction
WAKE
Zoning & alternative use
DX-40 · Raleigh, NC
Zoning 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
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING Current
RETAIL STORES
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
1915
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
L Empire De La Mort LLC
Entity
Mailing address
133 FAYETTEVILLE ST #6, RALEIGH, NC 27601-1356
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2022
$2,000,000
L Empire De La Mort LLC
Jean Pauwels
Special Warranty Deed
$1,600,000 · Benchmark Community Bank
Jul 10, 2018
—
Jean Pauwels
J Pauwels LLC
Quit Claim Deed
related
—
Apr 19, 2006
$558,000
J Pauwels LLC Of Pyrolave
Snavely,michael S & Susan H
Warranty Deed
$826,200 · Rbc Centura Bank
—
—
J Pauwels LLC Of Pyrolave
—
Deed Of Trust
related
$300,000 · Pnc Bk
—
—
J Pauwels LLC Of Pyrolave
—
Deed Of Trust
related
$200,000 · Rbc Centura Bank
—
—
J Pauwels LLC Of Pyrolave
—
Loan Modification
related
$500,000 · Pnc Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 213 Fayetteville St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
