Entity Owned Property summary
AI-generated overview
A flex space property of approximately 1,650 square feet located at 3209 Gresham Lake Rd, Suite 110, Raleigh, North Carolina. The suite is positioned to provide convenient access to major thoroughfares and nearby business corridors and is configured for office and service-oriented use as well as light industrial/flex applications. The location in the Raleigh area is near major employment and educational centers, including North Carolina State University and Duke University, and it has nearby retail and dining options as well as parks and green spaces.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
CONCRETE BLOCKS
Total area
112,240 SF
Lot
11.09 ac (483,080 SF)
Zoning code
IX-3
APN
1727.10-47-2326 0085523
UPID
US53-5686645
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Electronics Wholesaler
-
Hardware & Home Improvement Furniture & Home Goods
-
Medical Clinic
-
Gym & Fitness Center
-
Television Studio Media Distribution
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.05M
CAP Approach
CAP
$15.25M
Comparable Approach
Comparable
$12.62M
Blend (final)
Blend
$14.18M
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning description
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$14.18M
Value range
$12.76M – $15.60M
±10% around blend
Estimated value / SF
$126 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$12.76M
blend $14.18M
$15.60M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
112,240 SF
Lot area
11.09 ac
Year built
1986
Stories
1
APN
1727.10-47-2326 0085523
Zoning
IX-3
Assessed value
$16,433,366
Annual tax
$142,724
3
Income approach: direct capitalization
Partial preview
Income approach indication
$15.25M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$16.53M
@ 6.5% CAP return
$15.25M
@ 7% CAP return
$14.17M
4
Sales comparison
Partial preview
Sales approach indication
$12.62M
Range $5.99M – $16.79M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.18M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 207 sales
$226
-44%
County 426 sales
$210
-40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $126/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional plan · 30 reports
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Overview
Implied cap rate
5.90%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.90%
9.0%
NOI (est.)
$1.15M *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$19.50M
Move the market yield to see immediate price impact.
Value / SF
$174
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.40%5.90%6.40%
$1.04M
$19.17M
$17.55M
$16.18M
$1.15M
$21.30M
$19.50M
$17.97M
$1.27M
$23.43M
$21.45M
$19.77M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$142,724
Tax year 2024
Assessed value
$16,433,366
Assessed 2024
Previous assessed
$16,433,366
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$2,916,264
Assessed improvement
$13,517,102
Land market value
$2,916,264
Improvement market value
$13,517,102
Total market value
$16,433,366
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
112,240 SF
Lot
11.09 ac (483,080 SF)
Zoning code
IX-3
APN
1727.10-47-2326 0085523
UPID
US53-5686645
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NCZoning IX-3 · permitted uses
IX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities
General category
MIXED_USE
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
11.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
IX-3
MIXED_USE
Jurisdiction
Raleigh, NC
Recorded code
IX-3
Official district
IX-3
Official district profile
What the municipal code says about IX-3
Zoning description
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IX-3 in Raleigh, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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