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Property profile & analytics
OFF-MARKET
Estimated value
$21,320,000
Retail properties & Spaces
3630 Sumner Blvd, Raleigh, NC 27616-2985
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1394847
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2004
Construction
BRICK
Total area
79,726 SF
Lot
14.39 ac (626,828 SF)
Zoning code
CX-3
APN
1726.07-59-3170 0273898
UPID
US53-1394847
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
-
HitTrax Batting Cage Arcade & Gaming Center Sports Field & Court
-
DICK'S Sporting Goods Clothing Store Golf Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.77M
Comparable Approach
Comparable
$18.85M
Blend (final)
Blend
$21.32M
Owner & transaction history
Rcg Raleigh Pm LLC · 1 yrs held
Rcg Raleigh Pm LLC
since 2025
Last sale
$29.6M
7 recorded transactions
Zoning & alternative use
CX-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
$20,700,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,575,000
6.5%
$21,765,000
7%
$20,210,000
Alternative Use
Use
Estimation
RETAIL STORES
$31,330,000
Current use
COMMERCIAL (GENERAL)
$25,860,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$25,140,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$21.32M
Range $19.19M – $23.45M · ±10% · vs last sale $29.55M (Apr 1 2025)
Last sale anchor
$29.55M
Apr 1 2025
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
$267 / 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
$344,136
Tax year 2023
Assessed value
$31,572,105
Assessed 2023
Previous assessed
$31,572,105
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$6,270,474
Assessed improvement
$25,301,631
Land market value
$6,270,474
Improvement market value
$25,301,631
Total market value
$31,572,105
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2004
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
79,726 SF
Lot
14.39 ac (626,828 SF)
Zoning code
CX-3
APN
1726.07-59-3170 0273898
UPID
US53-1394847
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning 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
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$31.3M
COMMERCIAL (GENERAL)
Est. value
$25.9M
MEDICAL BUILDING
Est. value
$25.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
2004
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
14.39 ac
Current owner
From public records · entity-resolved
Rcg Raleigh Pm LLC
Entity
Free & Clear · 1 yrs held
Mailing address
23425 COMMERCE PARK STE #103, CLEVELAND, OH 44122-5848
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
$29,550,500
Rcg Raleigh Pm LLC
Arg Ttralnc001 LLC
Special Warranty Deed
—
Feb 16, 2022
—
Arg Ttralnc001 LLC
Vereit Mt Raleigh Nc LLC
Assignment Of Lease (leasehold Sale)
—
Feb 16, 2022
$28,482,000
Aro Ttr Alnc001 LLC
Vereit Mt Raleigh Sumner Nc LLC
Special Warranty Deed
—
Jul 25, 2019
$120,371,570
Lb-ubs 2006-c1 Triangle Town B
Wright Elizabeth|triangle Town Center LLC
Trustees Deed
—
Dec 28, 2016
$30,250,000
Vereit Mt Raleigh Sumner Nc
G & I Viii Cbl Ttc LLC
Trustees Deed
$32,800,000 · Huntington Nat'l Bk
Nov 18, 2005
—
Triangle Town Center LLC
Jg Triangle Peripheral South L
Quit Claim Deed
related
—
Jun 26, 2003
$40,000
Corey L Koonce
—
Grant Deed
related
—
Jan 30, 2003
$278,000
C Koonce
Koonce,c
Grant 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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