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Property profile & analytics
OFF-MARKET
Turn key restaurants
2221 New Hope Church Rd, Raleigh, NC 27604-1600
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-0534702
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1976
Construction
BRICK
Total area
3,096 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CX-3
APN
1715.08-89-2172 0135014
UPID
US53-0534702
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
-
Alex House Power Washing Hardware & Home Improvement
-
Tacos De Mambo Restaurant
-
El Paraiso Tacos Restaurant
-
El compadre tacos y Tortas Restaurant
-
D' Wendy Appetizers Restaurant
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
Yanyun Zhu · 10 yrs held
Yanyun Zhu
since 2015
4 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,544
Tax year 2023
Assessed value
$508,635
Assessed 2023
Previous assessed
$508,635
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$222,990
Assessed improvement
$285,645
Land market value
$222,990
Improvement market value
$285,645
Total market value
$508,635
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1976
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,096 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CX-3
APN
1715.08-89-2172 0135014
UPID
US53-0534702
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.
Building & site characteristics
From public records
Year built
1976
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Yanyun Zhu
Individual
Mailing address
1121 CRENDALL WAY, WAKE FOREST, NC 27587-4664
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Oct 2, 2015
$550,000
Yanyun Zhu
Deryas,ihab
Warranty Deed
$285,000 · Ihab Deryas
Sep 13, 2012
—
Ihab Deryas
Rg Restaurants LLC
Warranty Deed
related
—
Oct 24, 2011
$375,000
Rg Restaurants LLC
Glover & Poythress Rentals LLC
Grant Deed
$300,000 · Glover & Poythress Rentals LLC
Apr 22, 2009
—
Glover & Poythress Rentals LLC
Glover & Poythress Rentals
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.
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