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Property profile & analytics
OFF-MARKET
Auto shops
2642 Saunders St, Raleigh, NC 27603-2840
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-0876298
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2001
Construction
METAL FRAME
Total area
4,150 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CX-3
APN
1702.10-46-0835 0063735
UPID
US53-0876298
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
-
Meineke Car Care Center Auto Repair Shop
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
Coffmar Management LLC
Coffmar Management LLC
since 2026
6 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
$9,478
Tax year 2023
Assessed value
$869,528
Assessed 2023
Previous assessed
$869,528
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$307,629
Assessed improvement
$561,899
Land market value
$307,629
Improvement market value
$561,899
Total market value
$869,528
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2001
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
4,150 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CX-3
APN
1702.10-46-0835 0063735
UPID
US53-0876298
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
2001
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Coffmar Management LLC
Entity
Free & Clear · 0 yrs held
Mailing address
211 ANDREWS CHAPEL RD, DURHAM, NC 27703-8938
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2026
$1,440,000
Coffmar Management LLC
Marcoff Car Care Center LLC
Warranty Deed
—
Nov 19, 2025
$1,440,000
Marcoff Car Care Center LLC
Harb Associates LLC
Warranty Deed
$1,232,500 · First Citizens Bank & Trust Co
Jan 13, 2025
—
Marcoff Car Care Center LLC
Harb Associates LLC
Deed
—
Feb 8, 2019
$896,000
Mary F Anderson
Toll Nc II LP
Grant Deed
$716,462 · Tbi Mtg
—
—
Harb Associates LLC
—
Deed Of Trust
related
$272,800 · First Citizens Bank & Trust Co
—
—
Harb Associates LLC
—
Deed Of Trust
related
$50,000 · First Citizens Bank & Trust Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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