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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Auto shops
2951 Rowland Rd A, Raleigh, NC 27615-5730
Entity Owned
14-yr Hold
Free & Clear
Property ID
US53-0573566
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2005
Construction
METAL FRAME
Total area
4,800 SF
Lot
2.76 ac (120,226 SF)
Zoning code
IX-3
APN
1727.09-06-8143 0308026
UPID
US53-0573566
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
-
United Rentals - Reliable Onsite Services Building Supply
-
United Rentals – Customer Equipment Solutions Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$831k
Blend (final)
Blend
$620k
Owner & transaction history
Letc LLC · 14 yrs held
Letc LLC
since 2012
7 recorded transactions
Zoning & alternative use
IX-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
Method
Estimation
Statistic approach
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$129 / 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
$21,803
Tax year 2023
Assessed value
$2,000,320
Assessed 2023
Previous assessed
$2,000,320
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$660,041
Assessed improvement
$1,340,279
Land market value
$660,041
Improvement market value
$1,340,279
Total market value
$2,000,320
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
2005
Construction
METAL FRAME
Heating
SPACE
Cooling
NONE
Stories
1
Total area
4,800 SF
Lot
2.76 ac (120,226 SF)
Zoning code
IX-3
APN
1727.09-06-8143 0308026
UPID
US53-0573566
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-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
2005
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2.76 ac
Current owner
From public records · entity-resolved
Letc LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 1298, EDGEMONT, PA 19028-1298
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2017
—
Letc LLC
—
Deed
related
$425,000 · Branch Bk&tr
Mar 1, 2012
—
Letc LLC
Taylor,edmund P & Katie F S
Quit Claim Deed
related
—
Feb 24, 2009
$508,000
Letc LLC
Taylor,edmund P & Katie F S
Warranty Deed
—
Jul 11, 2008
—
Edmund P Taylor
Rivershore LLC
Warranty Deed
related
—
Aug 15, 2005
$917,500
Letc LLC
Rowland Industrial Partners
Warranty Deed
—
Aug 15, 2005
$508,000
Rivershore LLC
Rowland Industrial Partners
Warranty Deed
—
Nov 22, 2004
—
Rowland Industrial Partners
Bdg Rowland Associates LLC
Quit Claim Deed
related
$153,527 · Branch Banking & Trust Co
Aug 5, 2004
$733,000
Bdg Rowland Associates LLC
Rowland Business Park INC
Warranty Deed
related
$625,975 · Branch Banking & Trust Co
—
—
Rowland Industrial Partners
—
Deed Of Trust
related
$100,000 · Branch Banking & Trust Co
—
—
Letc LLC
—
Deed Of Trust
related
$130,000 · Branch Bk&tr
—
—
Letc LLC
—
Deed Of Trust
related
$425,000 · Branch Bk&tr
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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