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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Office buildings
3150 Rogers Rd Ste 200 Wake Forest, NC 27587-4196
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2323202
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
STONE
Total area
5,750 SF
Zoning code
NB
APN
1840.03-20-1931 0410603
UPID
US53-2323202
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
$1.67M
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.55M
Owner & transaction history
Itac 25 LLC · 5 yrs held
Itac 25 LLC
since 2021
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
NB · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+59.4%
Commercial (general)
$1.9M
+53.5%
Medical building
$1.9M
+49.9%
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
$1,585,000
ML approach
$1,670,000
CAP Approach
CAP Return
Estimation
6%
$1,570,000
6.5%
$1,450,000
7%
$1,345,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,245,000
Current use
AUTO REPAIR, GARAGE
$1,985,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,915,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$1,870,000
Change: +50% · Conversion: Easy
RETAIL STORES
$1,375,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.57M (Jul 20 2021)
Last sale anchor
$1.57M
Jul 20 2021
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
$270 / 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
$14,946
Tax year 2023
Assessed value
$1,286,231
Assessed 2023
Previous assessed
$1,286,231
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed improvement
$1,286,231
Improvement market value
$1,286,231
Total market value
$1,286,231
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Construction
STONE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,750 SF
Zoning code
NB
APN
1840.03-20-1931 0410603
UPID
US53-2323202
Jurisdiction
WAKE
Zoning & alternative use
NB · Wake Forest, NC
Zoning NB · permitted uses
NB · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2009
Construction
STONE
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Itac 25 LLC
Entity
Mailing address
5600 MATRIX FARM DR, WAKE FOREST, NC 27587-2001
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2021
$1,574,500
Itac 25 LLC
Corner Office LLC
Special Warranty Deed
$784,840 · Cogent Bank
Jun 16, 2021
$427,500
Mcpherson Real Estate LLC
Corner Office LLC
Special Warranty Deed
$362,953 · Pinncacle Bank
Feb 12, 2019
$360,500
Nc Heritage Investment LLC
Sab Heritage LLC
Warranty Deed
—
Dec 22, 2017
$1,500,000
Corner Office LLC
Sab Heritage LLC
Warranty Deed
$1,232,500 · North St Bk
Aug 31, 2016
$3,500,000
Sab Heritage LLC
Tdc Heritage LLC
Trustees Deed
$500,000 · North St Bk
—
—
Tdc Heritage LLC
—
Deed Of Trust
related
$2,565,000 · 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.
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