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Property profile & analytics
OFF-MARKET
Estimated value
$7,410,000
Warehouses
3200 Wellington Ct, Raleigh, NC 27615-4135
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-0079405
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
51,304 SF
Lot
2.83 ac (123,275 SF)
Zoning code
IX-3
APN
1727.06-37-8804 0085525
UPID
US53-0079405
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
-
Enso Movement Raleigh Gym & Fitness Center
-
Rise Against Hunger Raleigh Charitable Organization Social Service Agency
-
Fun Services Corporate Office Business Park
-
Geo Technologies Inc Professional Services
-
TUCKER AUTO-MATION OF NORTH CAROLINA Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.97M
Comparable Approach
Comparable
$7.52M
Blend (final)
Blend
$7.41M
Owner & transaction history
Tl Lincoln Park North Property Owne · 1 yrs held
Tl Lincoln Park North Property Owne
since 2025
7 recorded transactions
Zoning & alternative use
IX-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%
$7,555,000
6.5%
$6,970,000
7%
$6,475,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,570,000
Current use
Blend value · Realmo final
$7.41M
Range $6.67M – $8.15M · ±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
$144 / 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
$39,348
Tax year 2023
Assessed value
$3,609,903
Assessed 2023
Previous assessed
$3,609,903
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$610,211
Assessed improvement
$2,999,692
Land market value
$610,211
Improvement market value
$2,999,692
Total market value
$3,609,903
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
51,304 SF
Lot
2.83 ac (123,275 SF)
Zoning code
IX-3
APN
1727.06-37-8804 0085525
UPID
US53-0079405
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-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
WAREHOUSE, STORAGE Current
Est. value
$11.6M
WAREHOUSE, STORAGE 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
1984
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.83 ac
Current owner
From public records · entity-resolved
Tl Lincoln Park North Property Owne
Entity
Free & Clear · 1 yrs held
Mailing address
3843 W CHESTER PIKE, NEWTOWN SQUARE, PA 19073-2304
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
—
Tl Lincoln Park North Property Owne
Rdu Lincoln Park South Property Own
Special Warranty Deed
—
Apr 20, 2021
—
Rdu Lincoln Pk N Prop Owner LP
—
Deed
related
$299,253,500 · Goldman Sachs Bk USA
Apr 12, 2021
—
Rdu Lincoln Pk N Prop Owner LP
Lincoln Pk N Prop Owner LLC
Quit Claim Deed
related
—
Jul 18, 2018
$54,000,000
Lincoln Pk N Prop Owner LLC
Raleigh Portfolio Nw-lpn LLC
Grant Deed
$199,000 · Capital One NA
Jul 7, 2016
—
Raleigh Portfolio Nw-lpn LLC
Raleigh Portfolio Nw LLC
Quit Claim Deed
related
$30,500,000 · Fifth Third Bk
Jan 18, 2006
$29,630,000
Raleigh Portfolio Nw LLC
Parker-raleigh Dev I
Grant Deed
related
—
—
—
Rdu Lincoln Pk N Prop Owner LP
—
Deed Of Trust
related
$299,253,500 · Goldman Sachs Bk USA
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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