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Property profile & analytics
OFF-MARKET
Estimated value
$5,060,000
Office buildings
3810 Bland Rd, Raleigh, NC 27609-6239
Entity Owned
9-yr Hold
Property ID
US53-1904260
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Construction
FRAME
Total area
21,372 SF
Lot
1.64 ac (71,438 SF)
Zoning code
OX-3
APN
1715.07-59-0324 0001594
UPID
US53-1904260
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
-
New Waters Psychological Testing Raleigh North Carolina Physician Medical Clinic
-
New Waters Recovery & Detox North Carolina Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.86M
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$5.06M
Owner & transaction history
MARLOWE & MOYE LLC
MARLOWE & MOYE LLC
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.4M
+128.0%
Commercial (general)
$6.9M
+88.2%
Auto repair, garage
$6.3M
+71.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,265,000
6.5%
$4,860,000
7%
$4,510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,685,000
Current use
RETAIL STORES
$8,400,000
Change: +128% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,930,000
Change: +88% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,300,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$5,295,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$5.06M
Range $4.55M – $5.57M · ±10%
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
$237 / 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
$41,680
Tax year 2023
Assessed value
$3,823,829
Assessed 2023
Previous assessed
$3,823,829
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$580,339
Assessed improvement
$3,243,490
Land market value
$580,339
Improvement market value
$3,243,490
Total market value
$3,823,829
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
2020
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
6
Bathrooms
1
Total area
21,372 SF
Lot
1.64 ac (71,438 SF)
Zoning code
OX-3
APN
1715.07-59-0324 0001594
UPID
US53-1904260
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.7M
RETAIL STORES
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.3M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2020
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
MARLOWE & MOYE LLC
Entity
Mailing address
PO BOX 20667, RALEIGH, NC 27619-0667
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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