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Property profile & analytics
OFF-MARKET
Estimated value
$26,165,000
Assisted living facilities
2722 Spg Frst Rd, Raleigh, NC 27616-1824
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-4716888
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2018
Construction
FRAME
Total area
93,920 SF
Lot
5.02 ac (218,671 SF)
Zoning code
RX-4
APN
1716.12-97-8288 0438165
UPID
US53-4716888
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
-
Quick Bad Credit Loans Loan Service
-
The Willows at Raleigh Nursing Home Retirement Community
-
Mike Watson Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$26.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.17M
Owner & transaction history
Ffii Treeo Owner LLC · 2 yrs held
Ffii Treeo Owner LLC
since 2024
Last sale
$26.2M
2 recorded transactions
Zoning & alternative use
RX-4 · 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
$26,165,000
ML approach
$26,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.17M
Range $23.55M – $28.78M · ±10% · vs last sale $26.17M (Jun 20 2024)
Last sale anchor
$26.17M
Jun 20 2024
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
$279 / 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
$225,950
Tax year 2023
Assessed value
$20,466,967
Assessed 2023
Previous assessed
$20,466,967
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$4,290,000
Assessed improvement
$16,176,967
Land market value
$4,290,000
Improvement market value
$16,176,967
Total market value
$20,466,967
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
4
Units
143
Total area
93,920 SF
Lot
5.02 ac (218,671 SF)
Zoning code
RX-4
APN
1716.12-97-8288 0438165
UPID
US53-4716888
Jurisdiction
WAKE
Zoning & alternative use
RX-4 · Raleigh, NC
Zoning RX-4 · permitted uses
RX-4 · 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
2018
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
2
Units
143
Lot
5.02 ac
Current owner
From public records · entity-resolved
Ffii Treeo Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
200 W PO BOX 2053RD ST STE #2650, LEBANON, TN 37088-2053
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2024
—
Ffii Treeo Owner LLC
—
Deed
related
$14,000,000 · Old Second National Bank
Jun 20, 2024
$26,166,000
Ffii Treeo Owner LLC
Treeo Raleigh LLC
Special 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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