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Property profile & analytics
OFF-MARKET
Estimated value
$5,285,000
Retail properties & Spaces
2800 Raleigh Rd W Pkwy Wilson, NC 27896-8665
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-4172915
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1997
Total area
58,985 SF
Lot
9.81 ac (427,324 SF)
APN
3712-05-4497.000
UPID
US53-4172915
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
-
New South BBQ Restaurant
-
Partners Taekwondo Wilson Training Center Sports School
-
Raw Heat Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
The brisket bar Restaurant
-
Hobby Lobby (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.07M
Blend (final)
Blend
$5.29M
Owner & transaction history
New Falls Property LLC · 7 yrs held
New Falls Property LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.2M
+89.7%
Medical building
$6.2M
+63.4%
Apartment house (5+ units)
$4.5M
+18.8%
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 Wilson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilson 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,815,000
Current use
OFFICE BUILDING
$7,240,000
Change: +90% · Conversion: Easy
MEDICAL BUILDING
$6,235,000
Change: +63% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,535,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,340,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,235,000
Change: +11% · Conversion: Difficult
RESTAURANT
$4,025,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$5.29M
Range $4.76M – $5.81M · ±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
$90 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$89,875
Tax year 2021
Assessed value
$7,083,443
Assessed 2024
Previous assessed
$6,849,781
+3.4% YoY
Effective rate
1.27%
On assessed value
Assessed land
$3,472,004
Assessed improvement
$3,611,439
Land market value
$3,472,004
Improvement market value
$3,611,439
Total market value
$7,083,443
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1997
Cooling
AC.PACKAGE
Stories
1
Total area
58,985 SF
Lot
9.81 ac (427,324 SF)
APN
3712-05-4497.000
UPID
US53-4172915
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.8M
OFFICE BUILDING
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RESTAURANT
Est. value
$4.0M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1997
Cooling
Yes
Stories
1
Lot
9.81 ac
Current owner
From public records · entity-resolved
New Falls Property LLC
Entity
Mailing address
11010 LK GRV BLVD STE #100, MORRISVILLE, NC 27560-7392
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2019
$6,500,000
New Falls Property LLC
Wilson Retail Developers LLC
Special Warranty Deed
$3,350,000 · Wells Fargo Bank NA
Dec 22, 2010
—
Real Estate Asset Purchase Corp
Mag II Gateway Plaza LLC
Quit Claim Deed
related
—
Nov 18, 2010
$8,600,000
Real Estate Asset Purchase Corp
Mag II Gateway Plaza LLC
Special Warranty Deed
—
Jan 23, 2006
$5,000,000
Mag II Gateway Plaza LLC
Kpt Communities LLC
Special Warranty Deed
$100,000 · National City Bank Of The Midwest
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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