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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Day care centers
3311 Carl Sandburg Ct, Raleigh, NC 27610-2047
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-1821109
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1990
Construction
CONCRETE BLOCKS
Total area
18,573 SF
Lot
3.01 ac (131,116 SF)
Zoning code
OX-3
APN
1723.06-49-1451 0108028
UPID
US53-1821109
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
-
Frankie Lemmon School & Developmental Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Frankie Lemmon Sch & Dev Ctr I · 8 yrs held
Frankie Lemmon Sch & Dev Ctr I
since 2018
7 recorded transactions
Zoning & alternative use
OX-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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$39 / 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
Assessed value
$4,682,993
Assessed 2023
Previous assessed
$4,682,993
+0.0% YoY
Assessed land
$719,827
Assessed improvement
$3,963,166
Land market value
$719,827
Improvement market value
$3,963,166
Total market value
$4,682,993
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1990
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
18,573 SF
Lot
3.01 ac (131,116 SF)
Zoning code
OX-3
APN
1723.06-49-1451 0108028
UPID
US53-1821109
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NC
Zoning OX-3 · permitted uses
OX-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.
Building & site characteristics
From public records
Year built
1990
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.01 ac
Current owner
From public records · entity-resolved
Frankie Lemmon Sch & Dev Ctr I
Individual
Mailing address
3311 CARL SANDBURG CT, RALEIGH, NC 27610-2047
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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 7, 2018
$4,500,000
Frankie Lemmon Sch & Dev Ctr I
Morei Sandburg LLC
Warranty Deed
$3,825,000 · Southern Bk
Jul 31, 2017
—
Morei Sandburg LLC
—
Deed
related
$3,600,000 · Capital Bk
Jun 30, 2016
—
Morei Sandburg LLC
—
Deed
related
$2,900,000 · Capital Bk
Jun 12, 2015
$2,054,000
Morei Sandburg LLC
Wakemed
Trustees Deed
$2,835,903 · Branch Bk&tr
Jun 12, 2015
$546,000
Morei Sandburg LLC
Wakemed Property Services
Warranty Deed
—
—
—
Morei Sandburg LLC
—
Deed Of Trust
related
$2,900,000 · Capital Bk
—
—
Morei Sandburg LLC
—
Deed Of Trust
related
$3,600,000 · 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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