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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Office buildings
225 White St Wake Forest, NC 27587-2795
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0678697
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
BRICK
Total area
3,692 SF
Lot
0.05 ac (2,178 SF)
Zoning code
RA HC
APN
1841.19-51-0062 0056468
UPID
US53-0678697
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
-
Amanda Wilson Art Studio & Gallery Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$631k
Blend (final)
Blend
$720k
Owner & transaction history
Ogham LLC · 3 yrs held
Ogham LLC
since 2023
Last sale
$845,000
5 recorded transactions
Zoning & alternative use
RA HC · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+49.9%
Retail stores
$880,000
+10.3%
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 Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest 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
$665,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$930,000
7%
$865,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$800,000
Current use
MEDICAL BUILDING
$1,200,000
Change: +50% · Conversion: Easy
RETAIL STORES
$880,000
Change: +10% · Conversion: Moderate
WAREHOUSE, STORAGE
$695,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $845k (Jan 27 2023)
Last sale anchor
$845k
Jan 27 2023
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
$195 / 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
$7,020
Tax year 2023
Assessed value
$539,165
Assessed 2023
Previous assessed
$539,165
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$24,503
Assessed improvement
$514,662
Land market value
$24,503
Improvement market value
$514,662
Total market value
$539,165
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
3,692 SF
Lot
0.05 ac (2,178 SF)
Zoning code
RA HC
APN
1841.19-51-0062 0056468
UPID
US53-0678697
Jurisdiction
WAKE
Zoning & alternative use
RA HC · Wake Forest, NC
Zoning RA HC · permitted uses
RA HC · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$800,000
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$880,000
WAREHOUSE, STORAGE
Est. value
$695,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1920
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Ogham LLC
Entity
Mailing address
1153 WOODLAND GRV WAY, WAKE FOREST, NC 27587-1832
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2023
$845,000
Ogham LLC
Owen Jones LLC
Warranty Deed
$557,500 · The Fidelity Bank
Jul 31, 2015
$525,000
Owen Jones LLC
Apc Holdings LLC
Warranty Deed
—
Feb 27, 2012
—
Sarah T Wilson
Wade E Newton
Special Warranty Deed
—
Oct 31, 2008
$360,000
Apc Holdings LLC
Cloud,james R & Ranee M
Warranty Deed
related
$288,000 · North State Bank
—
—
James R Cloud
—
Deed Of Trust
related
$75,000 · Fidelity 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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