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Property profile & analytics
OFF-MARKET
Estimated value
$12,250,000
Office buildings
3200 Atlantic Ave, Raleigh, NC 27604-1668
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-5748239
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Construction
BRICK
Total area
94,844 SF
Lot
8.37 ac (364,597 SF)
Zoning code
OP-3
APN
1715.11-65-9331 0016426
UPID
US53-5748239
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
-
Gxs Inc (Bike/Boat/Book/etc) Store Corporate Office
-
North Carolina State Health Plan Insurance Agency
-
NC Retirement Systems Division Financial Advisor
-
NC Department of State Treasurer | Dale Folwell, CPA Government Office
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.31M
Blend (final)
Blend
$12.25M
Owner & transaction history
Arbors Office Park LLC · 8 yrs held
Arbors Office Park LLC
since 2017
4 recorded transactions
Zoning & alternative use
OP-3 · 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,505,000
Current use
Blend value · Realmo final
$12.25M
Range $11.03M – $13.48M · ±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
$129 / 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
$153,227
Tax year 2023
Assessed value
$14,057,511
Assessed 2023
Previous assessed
$14,057,511
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,940,110
Assessed improvement
$11,117,401
Land market value
$2,940,110
Improvement market value
$11,117,401
Total market value
$14,057,511
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
1995
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
94,844 SF
Lot
8.37 ac (364,597 SF)
Zoning code
OP-3
APN
1715.11-65-9331 0016426
UPID
US53-5748239
Jurisdiction
WAKE
Zoning & alternative use
OP-3 · Raleigh, NC
Zoning OP-3 · permitted uses
OP-3 · 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
OFFICE BUILDING Current
Est. value
$18.5M
OFFICE BUILDING Current
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
1995
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
8.37 ac
Current owner
From public records · entity-resolved
Arbors Office Park LLC
Entity
Mailing address
5400 TRINITY RD STE #200, RALEIGH, NC 27607-6001
Ownership since
2017
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
Nov 22, 2017
$30,250,000
Arbors Office Park LLC
Arbors Office Portfolio Lllp
Trustees Deed
related
$42,351,000 · Deutsche Bk Ag/ny Branch
Sep 18, 2013
$21,000,000
Arbors Office Portfolio Lllp
Highwoods Office Center LLC
Grant Deed
$19,000,000 · Compass Bank
Nov 19, 2010
$22,000,000
Highwoods Office Center LLC
Mann,barry D
Trustees Deed
—
Feb 5, 2007
$30,416,000
Fpdv I LLC
Highwoods Realty
Grant Deed
$29,000,000 · Column Financial INC
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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