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Property profile & analytics
FOR LEASE
Distribution centers
3401 Gresham Lake Rd Raleigh, NC 27615
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1797532
For Lease
1 / 2
$26,000,000
3401 Gresham Lake Rd, Raleigh, NC 27615
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1973
Total area
219,633 SF
Lot
13.3 ac (579,348 SF)
Zoning code
IX-3
APN
1727.11-57-2312 0085517
UPID
US53-1797532
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
-
Ranpak Corp Industrial Manufacturer Production Facility
-
PCM Corporate Office
-
DHL eCommerce Courier Service Postal Service
-
Special Distribution Services Inc Distribution Center Logistics Company
-
Atlantic Group USA Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$26.00M
CAP Approach
CAP
$29.85M
Comparable Approach
Comparable
$21.18M
Blend (final)
Blend
$26.00M
Owner & transaction history
Ral 3401 Gresham LLC · 1 yrs held
Ral 3401 Gresham LLC
since 2024
Last sale
$26.0M
7 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
$26,000,000
ML approach
$26,000,000
CAP Approach
CAP Return
Estimation
6%
$32,335,000
6.5%
$29,845,000
7%
$27,715,000
Blend value · Realmo final
$26.00M
Range $23.40M – $28.60M · ±10% · vs last sale $26.00M (Sep 16 2024)
Last sale anchor
$26.00M
Sep 16 2024
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
$118 / 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
$239,487
Tax year 2024
Assessed value
$27,574,806
Assessed 2024
Previous assessed
$27,574,806
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$4,866,523
Assessed improvement
$22,708,283
Land market value
$4,866,523
Improvement market value
$22,708,283
Total market value
$27,574,806
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1973
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
219,633 SF
Lot
13.3 ac (579,348 SF)
Zoning code
IX-3
APN
1727.11-57-2312 0085517
UPID
US53-1797532
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.
Building & site characteristics
From public records
Year built
1973
Heating
SPACE
Cooling
Yes
Stories
1
Lot
13.3 ac
Current owner
From public records · entity-resolved
Ral 3401 Gresham LLC
Entity
Mailing address
725 CONSHOHOCKEN STATE RD STE #3300, BALA CYNWYD, PA 19004-2122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2024
$26,000,000
Ral 3401 Gresham LLC
Dogwood Propco Nc III LP
Special Warranty Deed
$128,010,000 · Invesco Commercial Real Estate Fina
Oct 22, 2021
—
Pls 540 LLC
Raleigh 540 LLC
Special Warranty Deed
—
Oct 22, 2021
$28,000,000
Dogwood Propco Nc III LP
Raleigh 540 LLC
Special Warranty Deed
$200,000,000 · Goldman Sachs Bank USA
Jan 25, 2016
$16,000,000
Raleigh 540 LLC
3401 Gresham LLC
Trustees Deed
$10,500,000 · Miscellaneous Ins Co
Nov 18, 2013
$9,000,000
3401 Gresham LLC
Roper Investments LLC
Grant Deed
—
Nov 18, 2013
—
3401 Gresham LLC
Roper Investments LLC
Grant Deed
related
$8,750,000 · Inland Mortgage Capital Corp
Oct 7, 2013
—
Roper Investments LLC
Rw-raleigh Holdings LLC
Grant Deed
related
—
Mar 27, 2012
—
Roper Investments LLC
Rw-raleigh Holdings LLC
Grant Deed
$2,500,000 · Branch Banking & Trust Co
May 1, 2009
—
Rw-raleigh Holdings LLC
—
Deed Of Trust
related
$24,418,336 · Bank Of America
Jun 28, 2007
$7,000,000
Rw-raleigh Holdings LLC
Variety Wholesalers INC
Deed Of Trust
related
$7,520,000 · Bank Of America
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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