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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Office buildings
3635 Rogers Rd Wake Forest, NC 27587-7634
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5746445
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
BRICK
Total area
6,366 SF
Lot
0.72 ac (31,363 SF)
Zoning code
NB
APN
1749.02-79-1274 0318357
UPID
US53-5746445
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
-
Dan Gunther, Allen Tate/Wake Forest Real Estate Agency
-
Quick Response Water Damage Restoration Hardware & Home Improvement Construction Company
-
Suzie Storey, Allen Tate/Wake Forest Real Estate Agency
-
Trina Knight Real Estate Real Estate Agency
-
Meredith Hilbert LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.61M
Owner & transaction history
3635 Rogers Road LLC · 2 yrs held
3635 Rogers Road LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
NB · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+59.4%
Commercial (general)
$2.1M
+53.5%
Medical building
$2.1M
+49.9%
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 Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest 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
$1,280,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
$1,735,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,380,000
Current use
AUTO REPAIR, GARAGE
$2,200,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,120,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$2,070,000
Change: +50% · Conversion: Easy
RETAIL STORES
$1,520,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10% · vs last sale $1.63M (Sep 20 2023)
Last sale anchor
$1.63M
Sep 20 2023
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
$253 / 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
$16,255
Tax year 2023
Assessed value
$1,398,854
Assessed 2023
Previous assessed
$1,398,854
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$517,490
Assessed improvement
$881,364
Land market value
$517,490
Improvement market value
$881,364
Total market value
$1,398,854
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
2008
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
6,366 SF
Lot
0.72 ac (31,363 SF)
Zoning code
NB
APN
1749.02-79-1274 0318357
UPID
US53-5746445
Jurisdiction
WAKE
Zoning & alternative use
NB · Wake Forest, NC
Zoning NB · permitted uses
NB · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2008
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
3635 Rogers Road LLC
Entity
Mailing address
3635 ROGERS RD, WAKE FOREST, NC 27587-7634
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2023
$1,625,000
3635 Rogers Road LLC
Carolina North
Warranty Deed
$2,128,500 · First Citizens Bank & Trust Co
Aug 23, 2019
—
Pmc INC
—
Deed
related
$275,000 · Towne Bk
Jan 15, 2016
—
Pmc INC
—
Deed Of Trust
related
$1,083,488 · Newbridge Bk
Dec 19, 2008
$2,115,000
Pmc INC
Glenwood Asset Management LLC
Warranty Deed
—
Jan 15, 2008
—
Glenwood Asset Management LLC
—
Trustees Deed
related
$1,694,384 · Branch Banking & Trust Co
Aug 29, 2007
$916,000
Glenwood Asset Management LLC
Deacon Investments LLC
Warranty Deed
related
—
—
—
Pmc INC
—
Deed Of Trust
related
$500,000 · Capstone Bk
—
—
Pmc INC
—
Deed Of Trust
related
$275,000 · Towne Bk
—
—
Portland Mtg
—
Deed Of Trust
related
$1,400,000 · Capstone Bank
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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