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Property profile & analytics
OFF-MARKET
Retail space
3124 Wendell Blvd Wendell, NC 27591-7271
Individually Owned
12-yr Hold
Free & Clear
Property ID
US53-5760575
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1971
Construction
CONCRETE BLOCKS
Total area
1,444 SF
Lot
0.97 ac (42,253 SF)
Zoning code
CMX
APN
1784.19-52-1083 0035187
UPID
US53-5760575
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
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
Jason C Shirley · 12 yrs held
Jason C Shirley
since 2013
4 recorded transactions
Zoning & alternative use
CMX · Wendell, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Corridor Mixed-Use District is coded to provide pedestrian-scaled higher density residential and neighborhood-serving commercial activities along existing mixed use corridors. Developments in this district should encourage pedestrian use through connections to adjacent neighborhoods and the construction of mixed-use buildings. Depending on the presence o…
Zone name
Corridor Mixed Use
General category
MIXED_USE
Zone area
284.58 ac
Source
Realmo
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 Wendell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wendell 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
$4,461
Tax year 2023
Assessed value
$356,996
Assessed 2023
Previous assessed
$356,996
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$253,518
Assessed improvement
$103,478
Land market value
$253,518
Improvement market value
$103,478
Total market value
$356,996
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1971
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,444 SF
Lot
0.97 ac (42,253 SF)
Zoning code
CMX
APN
1784.19-52-1083 0035187
UPID
US53-5760575
Jurisdiction
WAKE
Zoning & alternative use
CMX · Wendell, NCZoning CMX · permitted uses
CMX · Wendell, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Corridor Mixed-Use District is coded to provide pedestrian-scaled higher density residential and neighborhood-serving commercial activities along existing mixed use corridors. Developments in this district should encourage pedestrian use through connections to adjacent neighborhoods and the construction of mixed-use buildings. Depending on the presence of on-street parking, buildings may be set close to the street and may be larger in form
Zone name
Corridor Mixed Use
General category
MIXED_USE
Zone area
284.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Jason C Shirley
Individual
Free & Clear · 12 yrs held
Mailing address
2605 NC 97TH HWY, WENDELL, NC 27591-9319
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2013
$240,000
Jason C Shirley
Little River Invs INC
Warranty Deed
—
Apr 21, 2006
$240,000
Little River Investments INC
Ochoa,vicente M
Warranty Deed
$140,000 · Branch Banking & Trust Co
Jan 7, 2004
$207,500
Vicente M Ochoa
Ramirez,bruno & Celina
Warranty Deed
$108,171 · Bobby L & Myrna J Raybon
—
—
Little River Invs INC
—
Deed Of Trust
related
$100,000 · Trustatlantic Bank
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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