New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,575,000
Community centers
3901 Capital Blvd Ste 152, Raleigh, NC 27604-3487
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-4047633
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Construction
CONCRETE BLOCKS
Total area
57,995 SF
Lot
17.8 ac (775,368 SF)
Zoning code
CX-3
APN
1725.06-29-9059 0011498
UPID
US53-4047633
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.58M
Owner & transaction history
Frep III-tarrymore Square LLC · 12 yrs held
Frep III-tarrymore Square LLC
since 2014
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$200 / 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
$185,459
Tax year 2023
Assessed value
$17,014,566
Assessed 2023
Previous assessed
$17,014,566
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$9,071,806
Assessed improvement
$7,942,760
Land market value
$9,071,806
Improvement market value
$7,942,760
Total market value
$17,014,566
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
1988
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
57,995 SF
Lot
17.8 ac (775,368 SF)
Zoning code
CX-3
APN
1725.06-29-9059 0011498
UPID
US53-4047633
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.
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
17.8 ac
Current owner
From public records · entity-resolved
Frep III-tarrymore Square LLC
Entity
Mailing address
PO BOX 90792, RALEIGH, NC 27675-0792
Ownership since
2014
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
Jan 16, 2014
$17,750,000
Frep III-tarrymore Square LLC
Gateway Buchanan INC
Trustees Deed
related
$16,450,000 · Middle Patent Capital LLC
Mar 1, 2007
$26,100,000
Gateway Buchanan INC
Heritage Spe LLC
Grant Deed
related
$286,500,000 · Manufacturers Trade & Tr
—
—
Gateway Buchanan INC
—
Loan Modification
related
$240,716,592 · Manufacturers Trade & Tr
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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