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Property profile & analytics
OFF-MARKET
Distribution centers
2201 Wilmington St Raleigh, NC 27603-2559
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0192048
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1956
Total area
139,581 SF
Lot
27.81 ac (1,211,404 SF)
Zoning code
IX-3
APN
1702.07-68-9947 0021016
UPID
US53-0192048
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
-
Corner Boys BBQ Take-out & Catering Catering Service
-
North South Station Business Management Consultant
-
Iron Mountain Recycling Center Waste Management Facility
-
Tastefully Served Restaurant Take-out & Catering
-
Andrews & Hamilton Co., Inc Material Handling Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pbv 2201 South Wilmington Street LP · 4 yrs held
Pbv 2201 South Wilmington Street LP
since 2021
Last sale
$54.7M
6 recorded transactions
Zoning & alternative use
IX-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$448,386
Tax year 2024
Assessed value
$51,627,622
Assessed 2024
Previous assessed
$51,627,622
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$8,140,627
Assessed improvement
$43,486,995
Land market value
$8,140,627
Improvement market value
$43,486,995
Total market value
$51,627,622
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1956
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
139,581 SF
Lot
27.81 ac (1,211,404 SF)
Zoning code
IX-3
APN
1702.07-68-9947 0021016
UPID
US53-0192048
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-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.
Building & site characteristics
From public records
Year built
1956
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
27.81 ac
Current owner
From public records · entity-resolved
Pbv 2201 South Wilmington Street LP
Entity
Free & Clear · 4 yrs held
Mailing address
3800 N LAMAR BLVD STE #350, AUSTIN, TX 78756-4019
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
$55,500,000
Pbv 2201 South Wilmington Street LP
Lm Beltline Center LLC
Special Warranty Deed
—
Oct 29, 2021
—
Pbv 2201 South Wilmington Street LP
Lm Beltline Center LLC
Warranty Deed
—
Sep 13, 2019
$23,030,000
Lm Beltline Center LLC
Raleigh Portfolio Sl LLC
Grant Deed
$9,500,000 · Miscellaneous Ins Co
Sep 13, 2019
—
Lm Beltline Center LLC
Raleigh Portfolio Sl LLC
Grant Deed
related
—
Jan 18, 2006
$11,900,500
Raleigh Portfolio Sl LLC
Parker-raleigh Dev Xxxiii LLC
Grant Deed
related
—
Jan 30, 2002
—
Parker Raleigh Dev Xxxiii
Parker,raleigh D
Quit Claim 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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