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Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Auto shops
303 Roosevelt Ave Wake Forest, NC 27587-2756
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0745371
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1954
Construction
BRICK
Total area
14,557 SF
Lot
2.52 ac (109,771 SF)
Zoning code
UMX
APN
1841.19-51-6796 0062012
UPID
US53-0745371
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
-
Calens Cars Car Dealership
-
Miguels Muffler & Tire Shop Auto Repair Shop
-
Smith Automotive Inc Auto Repair Shop
-
VFM SEO Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.39M
Owner & transaction history
Agnc Ventures I LLC · 4 yrs held
Agnc Ventures I LLC
since 2022
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
UMX · Wake Forest, 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 Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest 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
$2,550,000
ML approach
$2,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $2.20M (Apr 7 2022)
Last sale anchor
$2.20M
Apr 7 2022
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
$164 / 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
$16,512
Tax year 2023
Assessed value
$1,268,240
Assessed 2023
Previous assessed
$1,268,240
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$879,266
Assessed improvement
$388,974
Land market value
$879,266
Improvement market value
$388,974
Total market value
$1,268,240
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
1954
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,557 SF
Lot
2.52 ac (109,771 SF)
Zoning code
UMX
APN
1841.19-51-6796 0062012
UPID
US53-0745371
Jurisdiction
WAKE
Zoning & alternative use
UMX · Wake Forest, NC
Zoning UMX · permitted uses
UMX · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1954
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
Agnc Ventures I LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7208 FLS OF NEUSE RD STE #101, RALEIGH, NC 27615-3244
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
$2,200,000
Agnc Ventures I LLC
Blinson Buildings INC
Warranty Deed
—
Feb 19, 2010
$800,000
Blinson Buildings INC
Wright Partners LLC
Warranty Deed
$800,000 · Wright Partners LLC
Mar 20, 2009
—
Wright Partners LLC
Wright,thomas R JR & Jane
Quit Claim Deed
related
—
—
—
Blinson Buildings INC
—
Deed Of Trust
related
$740,000 · Branch Banking & Trust Co
—
—
Blinson Buildings INC
—
Deed Of Trust
related
$100,000 · 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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