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Property profile & analytics
OFF-MARKET
Estimated value
$3,965,000
Retail space
4035 Lk Boone Trl 101, Raleigh, NC 27607-2800
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1737811
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
BRICK
Total area
18,380 SF
Zoning code
O&I-1
APN
0785.20-91-7547 0372774
UPID
US53-1737811
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
-
Dba Hair Salon
-
True Color Salon Hair Salon Nail Salon
-
B A N G Hair Studio Hair Salon
-
Salon Space Hair Salon
-
Nafisah's Beauty Boutique Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.73M
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$3.97M
Owner & transaction history
Gp & Lk Boone Marketplace LLC · 6 yrs held
Gp & Lk Boone Marketplace LLC
since 2019
6 recorded transactions
Zoning & alternative use
O&I-1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,120,000
6.5%
$4,725,000
7%
$4,390,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,960,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$5,795,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.97M
Range $3.57M – $4.36M · ±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
$216 / 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
$43,094
Tax year 2023
Assessed value
$3,953,600
Assessed 2023
Previous assessed
$3,953,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed improvement
$3,953,600
Improvement market value
$3,953,600
Total market value
$3,953,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
18,380 SF
Zoning code
O&I-1
APN
0785.20-91-7547 0372774
UPID
US53-1737811
Jurisdiction
WAKE
Zoning & alternative use
O&I-1 · Raleigh, NC
Zoning O&I-1 · permitted uses
O&I-1 · 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
COMMERCIAL (GENERAL)
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.8M
COMMERCIAL (GENERAL)
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
2007
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Gp & Lk Boone Marketplace LLC
Entity
Free & Clear · 6 yrs held
Mailing address
675 BERING DR #825, HOUSTON, TX 77057-2141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2019
$5,564,500
Gp & Lk Boone Marketplace LLC
Nds Lake Boone LLC
Grant Deed
—
Dec 9, 2016
$20,300,000
Gp & Lake Boone Marketplace LLC
Sre Lake Boone LLC
Trustees Deed
$25,000,000 · First Citizens Bk
Mar 25, 2014
$15,525,000
Sre Lake Boone LLC
Lake Boone Reo LP
Trustees Deed
related
$11,640,000 · German Am Cap
Jun 30, 2011
—
Lake Boone Reo LP
—
Deed Of Trust
related
$6,950,000 · Capital One
Mar 23, 2011
$9,000,000
Lake Boone Reo LP
Russlaw LLC
Trustees Deed
—
—
—
Gp & Lake Boone Marketplace LLC
—
Loan Modification
related
$4,950,000 · First Citizens Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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