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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Retail space
216 Wilmington St, Raleigh, NC 27601-1434
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-0537002
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
BRICK
Total area
3,076 SF
Lot
0.05 ac (2,178 SF)
Zoning code
DX-5
APN
1703.34-78-2139 0036100
UPID
US53-0537002
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
-
The GX Realty Group - Monarch Realty Co. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
The Acorn Foundation INC · 2 yrs held
The Acorn Foundation INC
since 2024
Last sale
$20,750
4 recorded transactions
Zoning & alternative use
DX-5 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,210,000
Current use
COMMERCIAL (GENERAL)
$1,000,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$970,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $21k (Mar 25 2024)
Last sale anchor
$21k
Mar 25 2024
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
$242 / 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
$7,261
Tax year 2023
Assessed value
$621,359
Assessed 2023
Previous assessed
$621,359
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$490,540
Assessed improvement
$130,819
Land market value
$490,540
Improvement market value
$130,819
Total market value
$621,359
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
3,076 SF
Lot
0.05 ac (2,178 SF)
Zoning code
DX-5
APN
1703.34-78-2139 0036100
UPID
US53-0537002
Jurisdiction
WAKE
Zoning & alternative use
DX-5 · Raleigh, NC
Zoning DX-5 · permitted uses
DX-5 · 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
RETAIL STORES Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$970,000
RETAIL STORES Current
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
1910
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
The Acorn Foundation INC
Entity
Free & Clear · 2 yrs held
Mailing address
8816 6TH FRKS RD #200, RALEIGH, NC 27615-2983
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2024
$20,750
The Acorn Foundation INC
216 S Wilmington St LLC
Special Warranty Deed
—
Sep 29, 2023
—
216 S Wilmington St LLC
—
Deed
related
$337,500 · Townebank
Nov 18, 2022
$1,275,000
216 S Wilmington St LLC
Stuart R Turner
Special Warranty Deed
$1,260,000 · Townebank
Jan 26, 2006
$140,000
Stuart R Turner
Uldrick,jann-paul
Quit Claim Deed
related
$180,000 · First Citizens Bank & Trust Co
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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