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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Investment properties
221 Glenwood Ave Raleigh, NC 27603-1404
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0386221
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Construction
FRAME
Total area
1,747 SF
Lot
0.12 ac (5,227 SF)
Zoning code
DX-3
APN
1704.18-40-4491 0045784
UPID
US53-0386221
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
-
Marshall & Taylor PLLC Law Firm Child Welfare Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.20M
Owner & transaction history
221 Glenwood LLC · 4 yrs held
221 Glenwood LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
DX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$975,000
+38.2%
Neighborhood: shopping center
$965,000
+36.7%
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
$1,320,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$975,000
Change: +38% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$965,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.17M (May 26 2022)
Last sale anchor
$1.17M
May 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
$687 / 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
$10,161
Tax year 2023
Assessed value
$869,467
Assessed 2023
Previous assessed
$869,467
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$679,510
Assessed improvement
$189,957
Land market value
$679,510
Improvement market value
$189,957
Total market value
$869,467
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
1910
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
7
Total area
1,747 SF
Lot
0.12 ac (5,227 SF)
Zoning code
DX-3
APN
1704.18-40-4491 0045784
UPID
US53-0386221
Jurisdiction
WAKE
Zoning & alternative use
DX-3 · Raleigh, NC
Zoning DX-3 · permitted uses
DX-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
RETAIL STORES
Est. value
$975,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$965,000
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
7
Lot
0.12 ac
Current owner
From public records · entity-resolved
221 Glenwood LLC
Entity
Mailing address
221 GLENWOOD AVE, RALEIGH, NC 27603-1404
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
—
221 Glenwood LLC
Jeffrey E Marshall
Special Warranty Deed
$935,000 · Truist Bank
May 26, 2022
$1,170,000
Jeffrey E Marshall
Travis R Taylor
Special Warranty Deed
—
Nov 1, 2012
—
Jeffrey E Marshall
Marshall,jeffrey E & Rebecca P
Quit Claim Deed
related
—
Oct 30, 2012
—
Jeffrey E Marshall
First Colony Property Co LLC
Grant Deed
related
—
Dec 13, 2004
$317,500
Mnt Properties LLC
Marshall,jeffrey E
Warranty Deed
—
Sep 6, 2002
$317,500
Jeffrey A Etal Marshall
Marshall,jeffrey
Grant Deed
related
—
—
—
Jeffrey E Marshall
—
Deed Of Trust
related
$275,382 · Suntrust Bank NA
—
—
Mnt Properties LLC
—
Deed Of Trust
related
$375,000 · Central Carolina Bank & Trust
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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