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Property profile & analytics
OFF-MARKET
Office buildings
238 Allen Rd Wake Forest, NC 27587-2608
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1057209
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
FRAME
Total area
2,909 SF
Lot
0.42 ac (18,295 SF)
Zoning code
NMX
APN
1840.07-79-1536 0047264
UPID
US53-1057209
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
-
Botanical Bliss & Beauty LLC Physician Alternative Medicine Practice
-
Emery Aesthetics and Wellness Spa & Massage Center Alternative Medicine Practice
-
jade elizabeth salons Hair Salon Nail Salon
-
Beautiful Chaos Hair Studio Hair Salon
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
Owners Of Jade Elizabeth LLC · 4 yrs held
Owners Of Jade Elizabeth LLC
since 2022
Last sale
$110,000
2 recorded transactions
Zoning & alternative use
NMX · Wake Forest, 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 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
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
$4,494
Tax year 2023
Assessed value
$386,732
Assessed 2023
Previous assessed
$386,732
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$74,095
Assessed improvement
$312,637
Land market value
$74,095
Improvement market value
$312,637
Total market value
$386,732
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
1985
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
2,909 SF
Lot
0.42 ac (18,295 SF)
Zoning code
NMX
APN
1840.07-79-1536 0047264
UPID
US53-1057209
Jurisdiction
WAKE
Zoning & alternative use
NMX · Wake Forest, NC
Zoning NMX · permitted uses
NMX · 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.
Building & site characteristics
From public records
Year built
1985
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Owners Of Jade Elizabeth LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2117 AVERETTE RD, WAKE FOREST, NC 27587-8230
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
—
Owners Of Jade Elizabeth LLC
Celine Bercik
Intrafamily Transfer
related
—
Jul 30, 2013
$110,000
Jade Elizabeth LLC
Looper,carol H
Warranty Deed
$358,000 · First South Bk
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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