Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,980,000
Office buildings
234 Fayetteville St Raleigh, NC 27601-1300
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-1156596
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1967
Construction
BRICK
Total area
36,400 SF
Lot
0.12 ac (5,227 SF)
Zoning code
DX-40
APN
1703.34-67-9916 0022333
UPID
US53-1156596
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
-
UserVoice (Bike/Boat/Book/etc) Store Corporate Office
-
Subway Take-out & Catering
-
Wake County Dispute Settlement County Government Office
-
NC Conservation Network Charitable Organization Social Service Agency
-
Fitzpatrick Communications Inc Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.51M
Blend (final)
Blend
$3.98M
Owner & transaction history
First Empire Telex LLC · 12 yrs held
First Empire Telex LLC
since 2013
4 recorded transactions
Zoning & alternative use
DX-40 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.98M
Range $3.58M – $4.38M · ±10%
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
$109 / 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
$75,157
Tax year 2023
Assessed value
$6,431,384
Assessed 2023
Previous assessed
$6,431,384
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,827,882
Assessed improvement
$4,603,502
Land market value
$1,827,882
Improvement market value
$4,603,502
Total market value
$6,431,384
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 (MULTI-STORY)
Status
Off-Market
Year built
1967
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Total area
36,400 SF
Lot
0.12 ac (5,227 SF)
Zoning code
DX-40
APN
1703.34-67-9916 0022333
UPID
US53-1156596
Jurisdiction
WAKE
Zoning & alternative use
DX-40 · Raleigh, NCZoning DX-40 · permitted uses
DX-40 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
First Empire Telex LLC
Entity
Mailing address
133 FAYETTEVILLE ST #6, RALEIGH, NC 27601-1356
Ownership since
2013
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
Nov 9, 2017
—
First Empire Telex LLC
—
Deed
related
$3,500,000 · Paragon Com'l Bk
Dec 30, 2013
$3,090,000
First Empire Telex LLC
First Raleigh Telex LLC
Grant Deed
related
$2,229,721 · Paragon Com'l Bk
—
—
First Empire Telex LLC
—
Loan Modification
related
$3,500,000 · Paragon Com'l Bk
—
—
First Raleigh Telex LLC
—
Deed Of Trust
related
$2,500,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 234 Fayetteville St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
