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Property profile & analytics
OFF-MARKET
Estimated value
$4,315,000
Warehouses
3201 Northside Dr, Raleigh, NC 27615-4123
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0183567
Property summary
AI-generated overview
This exceptional investment opportunity presents a 28,000-square-foot, single-story industrial flex/warehouse building in Raleigh, NC. Located at 3201 Northside Drive, this property boasts a prime location off Gresham Avenue, just north of I-540, offering convenient access to major transportation routes. Built in 2008, the building sits on a 2.04-acre lot and is zoned IX-3. Currently housing three tenants under a net lease agreement—a brewery (11,200 SF), a sports training group (14,000 SF), and a communications firm (2,755 SF)—this property offers a stable income stream for investors. The building features ten 10x10 roll-up doors for easy loading and unloading, along with 63 unassigned parking spaces. The asking price is $5,500,000. This property is ideal for both investors seeking a strong return and owner-occupants looking for a versatile space. Detailed lease information is available upon request.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
METAL FRAME
Total area
28,000 SF
Lot
2.04 ac (88,862 SF)
Zoning code
IX-3
APN
1727.10-36-5993 0089504
UPID
US53-0183567
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
-
Benchmarkinc Consulting, LLC. Employment Agency
-
Benchmarking Services Employment Agency
-
Phonebooth Telecommunications Service
-
US IP Communications, HQ (Raleigh) Telecommunications Service
-
US Revenue Recovery Partners Government Economic Program
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.81M
Comparable Approach
Comparable
$3.42M
Blend (final)
Blend
$4.32M
Owner & transaction history
Dominus LLC · 6 yrs held
Dominus LLC
since 2019
5 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%
$4,120,000
6.5%
$3,805,000
7%
$3,535,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,315,000
Current use
Blend value · Realmo final
$4.32M
Range $3.88M – $4.75M · ±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
$154 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$38,626
Tax year 2024
Assessed value
$4,447,479
Assessed 2024
Previous assessed
$4,447,479
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$533,172
Assessed improvement
$3,914,307
Land market value
$533,172
Improvement market value
$3,914,307
Total market value
$4,447,479
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
2008
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
2
Total area
28,000 SF
Lot
2.04 ac (88,862 SF)
Zoning code
IX-3
APN
1727.10-36-5993 0089504
UPID
US53-0183567
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
$6.3M
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
2008
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
2.04 ac
Current owner
From public records · entity-resolved
Dominus LLC
Entity
Mailing address
2941 WAKEFIELD PNES DR, RALEIGH, NC 27614-9826
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
$4,104,000
Dominus LLC
Torii LLC
Grant Deed
$3,488,023 · North St Bk
Jul 23, 2015
$3,350,000
Torii LLC
Sdd Properties INC
Trustees Deed
$2,680,000 · Branch Bk&tr
Jun 13, 2008
—
Sdd Properties INC
—
Trustees Deed
related
$2,106,832 · Branch Banking & Trust Co
Sep 25, 2007
$500,000
Sdd Properties INC
G & B Holding
Warranty Deed
$425,000 · Branch Banking & Trust Co
Jul 27, 2000
$275,000
Thomas F Wolfe
—
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.
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