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Property profile & analytics
OFF-MARKET
Estimated value
$3,385,000
Distribution centers
3006 Industrial Dr 1 Raleigh, NC 27609-7547
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1108348
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1972
Construction
BRICK
Total area
41,000 SF
Lot
10.39 ac (452,588 SF)
Zoning code
CX-20
APN
1715.14-33-4749 0051521
UPID
US53-1108348
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
-
Raleigh's Best Mobile Mecha Auto Repair Shop Vehicle Inspection Center
-
Party Reflections Party Supply Store Rental Equipment Company
-
Curated Events Raleigh-Warehouse & Pickups Party Supply Store Rental Equipment Company
-
North Carolina Department-Correction State Government Office
-
Romanoff Electric Residential Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.06M
Blend (final)
Blend
$3.39M
Owner & transaction history
Northside Invs Partner LLC · 6 yrs held
Northside Invs Partner LLC
since 2020
2 recorded transactions
Zoning & alternative use
CX-20 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.39M
Range $3.05M – $3.72M · ±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
$83 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$158,985
Tax year 2024
Assessed value
$18,305,674
Assessed 2024
Previous assessed
$18,305,674
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$5,194,677
Assessed improvement
$13,110,997
Land market value
$5,194,677
Improvement market value
$13,110,997
Total market value
$18,305,674
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1972
Construction
BRICK
Heating
SPACE
Cooling
NONE
Buildings
2
Stories
1
Units
6
Total area
41,000 SF
Lot
10.39 ac (452,588 SF)
Zoning code
CX-20
APN
1715.14-33-4749 0051521
UPID
US53-1108348
Jurisdiction
WAKE
Zoning & alternative use
CX-20 · Raleigh, NCZoning CX-20 · permitted uses
CX-20 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
6
Lot
10.39 ac
Current owner
From public records · entity-resolved
Northside Invs Partner LLC
Entity
Mailing address
300 S TRYON ST STE #420, CHARLOTTE, NC 28202-3393
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 22, 2020
$59,000,000
Northside Invs Partner LLC
Northside Midtown LLC
Grant Deed
related
$16,500,000 · Miscellaneous Ins Co
Nov 8, 2016
—
Northside Midtown LLC
Northside Co
Quit Claim Deed
related
$16,500,000 · Miscellaneous Ins Co
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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