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Property profile & analytics
FOR LEASE
Office buildings
2700 Wycliff Rd, Raleigh, NC 27607
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-5774252
For Lease
1 / 7
$42 SF/Yr
2700 Wycliff Rd, Raleigh, NC 27607
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
82,056 SF
Lot
11.46 ac (499,198 SF)
Zoning code
OX-5
APN
0795.13-13-9316 0200806
UPID
US53-5774252
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
-
ECMHSP High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.66M
Comparable Approach
Comparable
$23.19M
Blend (final)
Blend
$17.56M
Owner & transaction history
Martin Marietta Materials INC · 2 yrs held
Martin Marietta Materials INC
since 2024
6 recorded transactions
Zoning & alternative use
OX-5 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$26.6M
+56.9%
Medical building
$25.9M
+52.6%
Auto repair, garage
$24.2M
+42.6%
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%
$20,210,000
6.5%
$18,655,000
7%
$17,320,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,965,000
Current use
COMMERCIAL (GENERAL)
$26,615,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$25,875,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$24,195,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$17.56M
Range $15.80M – $19.31M · ±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
$214 / 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
$216,577
Tax year 2023
Assessed value
$19,869,451
Assessed 2023
Previous assessed
$19,869,451
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$6,419,287
Assessed improvement
$13,450,164
Land market value
$6,419,287
Improvement market value
$13,450,164
Total market value
$19,869,451
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
For Lease
Year built
1982
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
82,056 SF
Lot
11.46 ac (499,198 SF)
Zoning code
OX-5
APN
0795.13-13-9316 0200806
UPID
US53-5774252
Jurisdiction
WAKE
Zoning & alternative use
OX-5 · Raleigh, NC
Zoning OX-5 · permitted uses
OX-5 · 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
OFFICE BUILDING Current
Est. value
$17.0M
COMMERCIAL (GENERAL)
Est. value
$26.6M
MEDICAL BUILDING
Est. value
$25.9M
AUTO REPAIR, GARAGE
Est. value
$24.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1982
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
11.46 ac
Current owner
From public records · entity-resolved
Martin Marietta Materials INC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
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 28, 2025
—
Cpgjrc Wycliff Road LLC
—
Deed
related
$30,000,000 · The Lincoln National Life Insurance Co
Jan 12, 2024
—
Martin Marietta Materials INC
Cpgirc Wycliff Road LLC
Lease
—
Jun 16, 2021
—
Cpgjrc Wycliff Road LLC
Martin Marietta Materials INC
Special Warranty Deed
—
May 26, 2021
$17,600,000
Cpgjrc Wycliff Road LLC
Martin Marietta Materials INC
Special Warranty Deed
—
Aug 20, 2004
—
Martin Marietta Materials INC
Wycliff Holding LLC
Warranty Deed
related
—
Jun 14, 2004
$6,140,000
Wycliff Holding LLC
2700 Associates LLC
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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