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Property profile & analytics
OFF-MARKET
Estimated value
$5,730,000
Community centers
3541 Maitland Dr Raleigh, NC 27610-1239
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0862859
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1983
Construction
CONCRETE BLOCKS
Total area
16,000 SF
Lot
9.93 ac (432,551 SF)
Zoning code
CX-3
APN
1724.10-35-7468 0303987
UPID
US53-0862859
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
-
Truly aVenue Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.85M
CAP Approach
CAP
$5.05M
Comparable Approach
Comparable
$6.53M
Blend (final)
Blend
$5.73M
Owner & transaction history
New Bern Dev LLC · 5 yrs held
New Bern Dev LLC
since 2021
Last sale
$4.9M
3 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
722.48 ac
Source
Realmo
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
$6,105,000
ML approach
$6,850,000
CAP Approach
CAP Return
Estimation
6%
$5,470,000
6.5%
$5,050,000
7%
$4,690,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,815,000
Current use
RESTAURANT
$8,700,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$5.73M
Range $5.16M – $6.30M · ±10% · vs last sale $4.93M (Mar 2 2021)
Last sale anchor
$4.93M
Mar 2 2021
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
$358 / 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
$46,928
Tax year 2023
Assessed value
$4,305,310
Assessed 2023
Previous assessed
$4,305,310
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,808,770
Assessed improvement
$1,496,540
Land market value
$2,808,770
Improvement market value
$1,496,540
Total market value
$4,305,310
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1983
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
16,000 SF
Lot
9.93 ac (432,551 SF)
Zoning code
CX-3
APN
1724.10-35-7468 0303987
UPID
US53-0862859
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NCZoning CX-3 · permitted uses
CX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
722.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.8M
RESTAURANT
Est. value
$8.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
1983
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
9.93 ac
Current owner
From public records · entity-resolved
New Bern Dev LLC
Entity
Mailing address
PO BOX 6309, RALEIGH, NC 27628-6309
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2021
$5,786,000
New Bern Dev LLC
M2k LLC
Grant Deed
$2,700,000 · Farmers & Merchants Nat'l Bk
Dec 2, 2015
$2,110,500
M2k LLC
Jpmccm 2004-c1 Tower Marketpla
Grant Deed
—
Jul 11, 2014
$2,000,000
Jpmccm 2004-cl Tower Marketpla
Trachtman James B
Trustees Deed
—
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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