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Property profile & analytics
OFF-MARKET
Estimated value
$11,585,000
Automotive properties
2501 Ratchford Dr, Raleigh, NC 27604-2497
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1806964
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1972
Total area
38,172 SF
Lot
5.94 ac (258,746 SF)
Zoning code
IX-3
APN
1715.19-51-8413 0001729
UPID
US53-1806964
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
-
Bob Banic sales consultant @ silver state imports Car Dealership
-
Powder Coat USA Powder Coating Service
-
NextGear Motors Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.10M
Blend (final)
Blend
$11.59M
Owner & transaction history
Ratchford Drive 2501 LLC · 1 yrs held
Ratchford Drive 2501 LLC
since 2025
7 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.4M
+10.0%
Medical building
$12.0M
+7.0%
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
$11,775,000
ML approach
$11,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$11,255,000
Current use
COMMERCIAL (GENERAL)
$12,380,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$12,040,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$11.59M
Range $10.43M – $12.74M · ±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
$303 / 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
$62,084
Tax year 2023
Assessed value
$5,695,765
Assessed 2023
Previous assessed
$5,695,765
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,787,471
Assessed improvement
$2,908,294
Land market value
$2,787,471
Improvement market value
$2,908,294
Total market value
$5,695,765
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1972
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
38,172 SF
Lot
5.94 ac (258,746 SF)
Zoning code
IX-3
APN
1715.19-51-8413 0001729
UPID
US53-1806964
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-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
AUTO REPAIR, GARAGE Current
Est. value
$11.3M
COMMERCIAL (GENERAL)
Est. value
$12.4M
MEDICAL BUILDING
Est. value
$12.0M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1972
Heating
SPACE
Cooling
Yes
Stories
1
Lot
5.94 ac
Current owner
From public records · entity-resolved
Ratchford Drive 2501 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3700 GLENWOOD AVE STE #430, RALEIGH, NC 27612-5530
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
—
Ratchford Drive 2501 LLC
2501 Ratchford Drive LP
Special Warranty Deed
—
Oct 28, 2021
$9,500,000
2501 Ratehford Drive LP
Anthony S Lampuri
Special Warranty Deed
$3,000,000 · Ratchford Lender LLC
Apr 20, 2021
—
Anthony J Lampuri
Raleigh Property Group LLC
Grant Deed
related
$2,550,000 · First Horizon Bk
Apr 4, 2006
$2,500,000
Raleigh Property Group LLC
Crown Royal Pontiac LLC
Warranty Deed
$2,250,000 · Capital Bank NA
Apr 28, 2004
—
Crown Royal Pontiac LLC
—
Deed Of Trust
related
$450,000,000 · Ford Motor Credit Co
—
—
Raleigh Property Group LLC
—
Deed Of Trust
related
$500,000 · Capital Bk
—
—
Raleigh Property Group LLC
—
Deed Of Trust
related
$2,550,000 · Capital Bk
—
—
Raleigh Property Group LLC
—
Loan Modification
related
$2,550,000 · First Horizon 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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