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Property profile & analytics
OFF-MARKET
Estimated value
$11,945,000
Strip malls
2215 New Hope Church Rd Raleigh, NC 27604-1600
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2214142
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Construction
CONCRETE BLOCKS
Total area
34,290 SF
Lot
9.54 ac (415,562 SF)
Zoning code
CX-3
APN
1715.08-89-3447 0000381
UPID
US53-2214142
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
-
International Foods Specialty Food Shop Supermarket
-
Julian's Restaurante Restaurant
-
MoneyGram Bank Credit Union
-
Island Cafe Restaurant
-
Panadería his Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.10M
CAP Approach
CAP
$10.15M
Comparable Approach
Comparable
$13.07M
Blend (final)
Blend
$11.95M
Owner & transaction history
2215 New Hope Church Road LLC · 3 yrs held
2215 New Hope Church Road LLC
since 2022
Last sale
$12.3M
3 recorded transactions
Zoning & alternative use
CX-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
Method
Estimation
Statistic approach
$13,845,000
ML approach
$10,100,000
CAP Approach
CAP Return
Estimation
6%
$10,995,000
6.5%
$10,150,000
7%
$9,425,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$18,895,000
Current use
RESTAURANT
$18,645,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$11.95M
Range $10.75M – $13.14M · ±10% · vs last sale $12.25M (Dec 13 2022)
Last sale anchor
$12.25M
Dec 13 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
$348 / 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
$72,171
Tax year 2023
Assessed value
$6,621,147
Assessed 2023
Previous assessed
$6,621,147
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,431,037
Assessed improvement
$4,190,110
Land market value
$2,431,037
Improvement market value
$4,190,110
Total market value
$6,621,147
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1977
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
34,290 SF
Lot
9.54 ac (415,562 SF)
Zoning code
CX-3
APN
1715.08-89-3447 0000381
UPID
US53-2214142
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning CX-3 · permitted uses
CX-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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$18.9M
RESTAURANT
Est. value
$18.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
1977
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
9.54 ac
Current owner
From public records · entity-resolved
2215 New Hope Church Road LLC
Entity
Mailing address
23801 CALABASAS RD STE #2024, CALABASAS, CA 91302-1568
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2022
$12,250,000
2215 New Hope Church Road LLC
Brentwood Square LLC
Special Warranty Deed
$4,000,000 · Brentwood Square Sla
Oct 26, 2011
—
Brentwood Square LLC
Joyner Props Brentwood LLC
Quit Claim Deed
related
$3,450,000 · Standard Insurance Co
Mar 17, 2008
$1,480,000
Joyner Props Brentwood LLC
Joyner Barney G Family Trust
Grant Deed
related
$4,000,000 · Wachovia Bank NA
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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