New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,560,000
Investment properties
307 Martin St, Raleigh, NC 27601-1352
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-2212713
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1925
Construction
BRICK
Total area
15,972 SF
Lot
0.99 ac (43,124 SF)
Zoning code
DX-12
APN
1703.33-57-5747 0022295
UPID
US53-2212713
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
-
TheAssembly-MeetingTable Conference Center Trade Show Venue
-
Rocktopus Salon Hair Salon
-
Birdie & Brookes Hair Salon
-
Ladyfingers Nail Salon
-
Nadia Ibarrola Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.40M
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$3.56M
Owner & transaction history
Martin Dawson Property LLC · 3 yrs held
Martin Dawson Property LLC
since 2022
7 recorded transactions
Zoning & alternative use
DX-12 · 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%
$3,685,000
6.5%
$3,400,000
7%
$3,155,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,180,000
Current use
MEDICAL BUILDING
$5,035,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,710,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.56M
Range $3.20M – $3.92M · ±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
$223 / 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
$96,299
Tax year 2023
Assessed value
$8,240,524
Assessed 2023
Previous assessed
$8,240,524
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$6,447,038
Assessed improvement
$1,793,486
Land market value
$6,447,038
Improvement market value
$1,793,486
Total market value
$8,240,524
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1925
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
15,972 SF
Lot
0.99 ac (43,124 SF)
Zoning code
DX-12
APN
1703.33-57-5747 0022295
UPID
US53-2212713
Jurisdiction
WAKE
Zoning & alternative use
DX-12 · Raleigh, NC
Zoning DX-12 · permitted uses
DX-12 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.7M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1925
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Martin Dawson Property LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4 BRYANT PARK #200, NEW YORK, NY 10018-8204
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
—
Martin Dawson Property LLC
Laurie Deatherage Cram
Deed
—
Sep 30, 2022
$500
Martin Dawson Property LLC
Mary Deatherage Knott
Warranty Deed
—
Aug 15, 2022
$500
Martin Dawson Property LLC
Robert Earl Deatherage III
Deed
—
Jul 14, 2022
—
Martin Dawosn Property LLC
Frank H Dunn
Deed
—
Jun 23, 2022
—
Martin Dawson Property LLC
Jean H Holmes
Deed
—
May 19, 2022
—
Martin Dawson Property LLC
Corinna Bennett Dunn Mann
Deed
—
May 3, 2022
—
Martin Dawson Property LLC
Sally Hill Daigle
Deed
—
Apr 21, 2022
—
Martin Dawson Property LLC
Robert Dunn Moore
Deed
—
Apr 14, 2022
—
Martin Dawsor Property LLC
Janice M Dunn
Deed
—
Apr 5, 2022
—
Martin Dawson Property LLC
Norfolk Southern Railway Company
Warranty Deed
$5,000,000 · West Martin Street LLC
Feb 24, 2022
—
4 Dh Partnership
Ianson Eveleigh Cheshire
Deed
—
Feb 8, 2022
—
4 Dh Partnership
Rebecca Josephine Hill
Warranty Deed
—
Jan 27, 2022
—
4 Dh Partnership
Alice S Dunn
Deed
—
Jan 18, 2022
—
4 Dh Partnership
Marion Lee Moore Degrechie
Deed
—
Oct 31, 2003
$28,000
4 Dh Partnership
—
Grant Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 307 Martin St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
