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Property profile & analytics
OFF-MARKET
Estimated value
$11,755,000
Office buildings
3301 Terminal Dr, Raleigh, NC 27604-3889
Entity Owned
23-yr Hold
Free & Clear
Property ID
US53-2190484
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
BRICK
Total area
54,017 SF
Lot
33.85 ac (1,474,506 SF)
Zoning code
IX-3
APN
1724.09-26-2468 0069822
UPID
US53-2190484
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
-
Strobel-Nuss April Physician Medical Clinic
-
Sokolev Valentyna MD Physician
-
Disability Determination Services Social Service Agency Charitable Organization
-
Caviness Perry A MD Physician
-
Lillian Horne Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.28M
Comparable Approach
Comparable
$14.01M
Blend (final)
Blend
$11.76M
Owner & transaction history
Can Am South LLC · 23 yrs held
Can Am South LLC
since 2002
2 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.5M
+66.3%
Medical building
$17.0M
+61.7%
Auto repair, garage
$15.9M
+51.1%
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%
$13,305,000
6.5%
$12,280,000
7%
$11,400,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,540,000
Current use
COMMERCIAL (GENERAL)
$17,520,000
Change: +66% · Conversion: Easy
MEDICAL BUILDING
$17,035,000
Change: +62% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,925,000
Change: +51% · Conversion: Difficult
WAREHOUSE, STORAGE
$12,240,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$11.76M
Range $10.58M – $12.93M · ±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
$218 / 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
$178,611
Tax year 2023
Assessed value
$16,386,333
Assessed 2023
Previous assessed
$16,386,333
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$6,548,056
Assessed improvement
$9,838,277
Land market value
$6,548,056
Improvement market value
$9,838,277
Total market value
$16,386,333
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
1970
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
54,017 SF
Lot
33.85 ac (1,474,506 SF)
Zoning code
IX-3
APN
1724.09-26-2468 0069822
UPID
US53-2190484
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
OFFICE BUILDING Current
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$17.5M
MEDICAL BUILDING
Est. value
$17.0M
AUTO REPAIR, GARAGE
Est. value
$15.9M
WAREHOUSE, STORAGE
Est. value
$12.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1970
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
33.85 ac
Current owner
From public records · entity-resolved
Can Am South LLC
Entity
Free & Clear · 23 yrs held
Mailing address
320 N JENSEN RD, VESTAL, NY 13850-2153
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2017
—
Can Am South LLC
—
Grant Deed
related
$7,500,000 · M&t Bk
Oct 28, 2002
—
Can Am South LLC
Can Am South LLC
Quit Claim 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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