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Property profile & analytics
OFF-MARKET
Estimated value
$3,990,000
Drug stores
3911 Capital Blvd Raleigh, NC 27604-3411
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-4016982
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2007
Construction
BRICK
Total area
14,556 SF
Lot
1.7 ac (74,052 SF)
Zoning code
CX-3
APN
1725.06-39-4162 0168182
UPID
US53-4016982
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
-
Coinhub Bitcoin ATM Teller Atm
-
Walgreens Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
Walgreens Photo (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.75M
Comparable Approach
Comparable
$4.99M
Blend (final)
Blend
$3.99M
Owner & transaction history
Ourisman Family Urban LLC · 11 yrs held
Ourisman Family Urban LLC
since 2014
4 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.7M
+43.3%
Medical building
$4.6M
+39.4%
Auto repair, garage
$4.3M
+30.3%
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%
$4,055,000
6.5%
$3,745,000
7%
$3,475,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,295,000
Current use
COMMERCIAL (GENERAL)
$4,720,000
Change: +43% · Conversion: Easy
MEDICAL BUILDING
$4,590,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,290,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,300,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$3.99M
Range $3.59M – $4.39M · ±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
$274 / 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
$60,004
Tax year 2023
Assessed value
$5,504,961
Assessed 2023
Previous assessed
$5,504,961
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,332,936
Assessed improvement
$4,172,025
Land market value
$1,332,936
Improvement market value
$4,172,025
Total market value
$5,504,961
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,556 SF
Lot
1.7 ac (74,052 SF)
Zoning code
CX-3
APN
1725.06-39-4162 0168182
UPID
US53-4016982
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
$3.3M
COMMERCIAL (GENERAL)
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$3.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2007
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Ourisman Family Urban LLC
Entity
Free & Clear · 11 yrs held
Mailing address
300 WILMOT RD, DEERFIELD, IL 60015-4614
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2014
$4,057,000
Ourisman Family Urban LLC
Frep III-tarrymore Outparcel L
Grant Deed
—
Jan 16, 2014
$17,750,000
Frep III-tarrymore Square LLC
Gateway Buchanan INC
Grant Deed
$16,450,000 · Middle Patent Capital LLC
Jan 16, 2014
$3,250,000
Frep III-tarrymore Walgreens L
Gateway Buchanan INC
Grant Deed
—
—
—
New Hope Dev Co LLC
—
Deed Of Trust
related
$2,750,000 · Miscellaneous Ins Co
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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