Individually Owned Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Construction
CONCRETE BLOCKS
Total area
3,944 SF
Zoning code
AP
APN
0785.18-12-1112 0180391
UPID
US53-2650800
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Corporate Office
-
Engineering Consultant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$905k
Owner & transaction history
Zoning & alternative use
AP · Raleigh, NC
Zoning description
The following general use and conditional zoning districts: Conservation Management (CM), Agricultural Productive (AP), Heavy Industrial (IH), Manufactured Housing (MH), Planned Development (PD), and Campus (CMP). Specia…
General category
AGRICULTURAL
Top alternative use upside
Commercial (general)
$1.3M
+56.9%
Medical building
$1.2M
+52.6%
Auto repair, garage
$1.2M
+42.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$905k
Value range
$815k – $996k
±10% around blend
Estimated value / SF
$229 / SF
Confidence
High
8 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
80
$815k
blend $905k
$996k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,944 SF
Year built
1971
Stories
1
APN
0785.18-12-1112 0180391
Zoning
AP
Assessed value
$2,799,632
3
Income approach: direct capitalization
Partial preview
Income approach indication
$895k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$970k
@ 6.5% CAP return
$895k
@ 7% CAP return
$835k
4
Sales comparison
Partial preview
Sales approach indication
$1.73M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.5 mi away · 4,783 SF
4.0 mi away · 3,145 SF
5.3 mi away · 2,803 SF
14.4 mi away · 4,872 SF
15.1 mi away · 3,914 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$905k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$207
+11%
Submarket 533 sales
$195
+18%
County 878 sales
$201
+14%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $229/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+57%
vs current-use indication
Medical Building
Auto Repair, Garage
Warehouse, Storage
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.80M
Move the market yield to see immediate price impact.
Value / SF
$710
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$176k
$3.53M
$2.52M
$1.96M
$196k
$3.92M
$2.80M
$2.18M
$216k
$4.31M
$3.08M
$2.40M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$1.05M
2.8 mi · Feb 2026 · $324/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$2,799,632
Assessed 2023
Previous assessed
$2,799,632
+0.0% YoY
Assessed improvement
$2,799,632
Improvement market value
$2,799,632
Total market value
$2,799,632
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,944 SF
Zoning code
AP
APN
0785.18-12-1112 0180391
UPID
US53-2650800
Jurisdiction
WAKE
Zoning & alternative use
AP · Raleigh, NCZoning AP · permitted uses
AP · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The following general use and conditional zoning districts: Conservation Management (CM), Agricultural Productive (AP), Heavy Industrial (IH), Manufactured Housing (MH), Planned Development (PD), and Campus (CMP). Specia…
General category
AGRICULTURAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
AP
AGRICULTURAL
Jurisdiction
Raleigh, NC
Recorded code
AP
Official district
AP
Official district profile
What the municipal code says about AP
Zoning description
The following general use and conditional zoning districts: Conservation Management (CM), Agricultural Productive (AP), Heavy Industrial (IH), Manufactured Housing (MH), Planned Development (PD), and Campus (CMP). Specia…
General category
AGRICULTURAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for AP in Raleigh, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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