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Property profile & analytics
FOR LEASE
Office buildings
3301 Benson Dr, Raleigh, NC 27609
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-3811773
For Lease
1 / 8
$39,195,000
3301 Benson Dr, Raleigh, NC 27609
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Total area
165,600 SF
Lot
3.01 ac (131,116 SF)
Zoning code
CX-7
APN
1715.09-16-8947 0431306
UPID
US53-3811773
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
-
Duke Raleigh Hospital Human Resources Corporate Office
-
YPrime (Bike/Boat/Book/etc) Store Corporate Office
-
Environmental Research & Education Foundation Charitable Organization Social Service Agency
-
Alpha-Gamma Technologies Inc IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Mr. Kenneth Lynnes Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.65M
Comparable Approach
Comparable
$37.71M
Blend (final)
Blend
$39.20M
Owner & transaction history
Sampson Bladen Oil Company · 2 yrs held
Sampson Bladen Oil Company
since 2023
7 recorded transactions
Zoning & alternative use
CX-7 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$65.1M
+128.0%
Commercial (general)
$53.7M
+88.2%
Auto repair, garage
$48.8M
+71.1%
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%
$40,785,000
6.5%
$37,645,000
7%
$34,955,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$28,535,000
Current use
RETAIL STORES
$65,070,000
Change: +128% · Conversion: Moderate
COMMERCIAL (GENERAL)
$53,710,000
Change: +88% · Conversion: Easy
AUTO REPAIR, GARAGE
$48,825,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$41,040,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$39.20M
Range $35.28M – $43.11M · ±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
$237 / 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
$269,107
Tax year 2024
Assessed value
$30,985,301
Assessed 2024
Previous assessed
$30,985,301
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$3,146,784
Assessed improvement
$27,838,517
Land market value
$3,146,784
Improvement market value
$27,838,517
Total market value
$30,985,301
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 (MULTI-STORY)
Status
For Lease
Year built
1999
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Total area
165,600 SF
Lot
3.01 ac (131,116 SF)
Zoning code
CX-7
APN
1715.09-16-8947 0431306
UPID
US53-3811773
Jurisdiction
WAKE
Zoning & alternative use
CX-7 · Raleigh, NC
Zoning CX-7 · permitted uses
CX-7 · 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
$28.5M
RETAIL STORES
Est. value
$65.1M
COMMERCIAL (GENERAL)
Est. value
$53.7M
AUTO REPAIR, GARAGE
Est. value
$48.8M
MEDICAL BUILDING
Est. value
$41.0M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1999
Heating
CENTRAL
Cooling
Yes
Stories
5
Lot
3.01 ac
Current owner
From public records · entity-resolved
Sampson Bladen Oil Company
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 17566, RALEIGH, NC 27619-7566
Ownership since
2023
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
Dec 28, 2023
$3,000,000
Sampson Bladen Oil Company
Poole Investment Properties LLC
Warranty Deed
—
Sep 13, 2019
—
One Ren LLC
—
Grant Deed
related
$28,000,000 · Crescom Bk
Oct 1, 2018
—
St Albans Holdings LLC
—
Grant Deed
related
$45,975,000 · South St Bk
Jul 17, 2017
—
One Ren LLC
—
Grant Deed
related
$50,000,000 · Crescom Bk
Jun 20, 2017
—
One Ren LLC
—
Deed
related
$500,000 · Capital Bk
Aug 4, 2015
—
One Ren LLC
One Renaissance LLC
Quit Claim Deed
related
$18,500,000 · Capital Bk
—
—
One Ren LLC
—
Loan Modification
related
$500,000 · Capital Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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