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Property profile & analytics
OFF-MARKET
Office buildings
284 Kings Pkwy, Raleigh, NC 27610-2118
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2126525
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
BRICK
Total area
792 SF
Lot
71.58 ac (3,118,025 SF)
Zoning code
MH
APN
1734.14-22-4699 0011578
UPID
US53-2126525
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
-
Kingsborough Estates Campground & RV Park
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
M&t Bank · 3 yrs held
M&t Bank
since 2022
3 recorded transactions
Zoning & alternative use
MH · 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
$129,559
Tax year 2023
Assessed value
$11,886,150
Assessed 2023
Previous assessed
$11,886,150
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$4,294,800
Assessed improvement
$7,591,350
Land market value
$4,294,800
Improvement market value
$7,591,350
Total market value
$11,886,150
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
Off-Market
Year built
1984
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
792 SF
Lot
71.58 ac (3,118,025 SF)
Zoning code
MH
APN
1734.14-22-4699 0011578
UPID
US53-2126525
Jurisdiction
WAKE
Zoning & alternative use
MH · Raleigh, NC
Zoning MH · permitted uses
MH · 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
1984
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
71.58 ac
Current owner
From public records · entity-resolved
M&t Bank
Entity
Mailing address
2151 PRIEST BRG DR STE #7, CROFTON, MD 21114-2466
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
—
M&t Bank
Kingsborough Estates Mhc LP
Assignment Of Lease (leasehold Sale)
—
Jan 12, 2021
$24,300
Kingsborough Estates Mhc LP
Kingsborough Estates Mhp LLC
Grant Deed
related
$21,000,000 · Manufacturers & Traders Tr
—
—
Kingsborough Estates Mhp LLC
—
Deed Of Trust
related
$13,124,900 · C-iii Com'l Mtg
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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