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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Retail space
4050 Mitchell Ml Rd Raleigh, NC 27616-8732
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-2814825
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Construction
BRICK
Total area
8,270 SF
Lot
1.58 ac (68,825 SF)
Zoning code
NX-3
APN
1747.02-66-3190 0004316
UPID
US53-2814825
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.74M
Owner & transaction history
Mitchell Mill 1 LLC · 12 yrs held
Mitchell Mill 1 LLC
since 2013
7 recorded transactions
Zoning & alternative use
NX-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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,445,000
6.5%
$2,255,000
7%
$2,095,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,680,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$2,610,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±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
$210 / 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
$18,098
Tax year 2023
Assessed value
$1,660,329
Assessed 2023
Previous assessed
$1,660,329
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$309,713
Assessed improvement
$1,350,616
Land market value
$309,713
Improvement market value
$1,350,616
Total market value
$1,660,329
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
2014
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,270 SF
Lot
1.58 ac (68,825 SF)
Zoning code
NX-3
APN
1747.02-66-3190 0004316
UPID
US53-2814825
Jurisdiction
WAKE
Zoning & alternative use
NX-3 · Raleigh, NC
Zoning NX-3 · permitted uses
NX-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
COMMERCIAL (GENERAL)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
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
2014
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Mitchell Mill 1 LLC
Entity
Mailing address
PO BOX 60308, PASADENA, CA 91116-6308
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2014
—
Exchangeright Net Leased Por 7
—
Grant Deed
related
$16,902,000 · Bank Of America
Aug 9, 2013
—
Mitchell Mill 1 LLC
J Stone Properties LLC
Grant Deed
related
—
Dec 28, 2011
$215,000
J Stone Properties LLC
Branch Bkng & Trust Co
Grant Deed
—
Jun 18, 2010
—
Branch Bkng & Trust Co
Atlas Nc I Spe LLC
Grant Deed
related
—
Jun 8, 2010
$624,160
Atlas Nc I Spe LLC
Cohen Donna
Trustees Deed
—
Dec 14, 2006
$750,000
Hillsborough IV LLC
Lee,jun & Heoak
Warranty Deed
$600,000 · Branch Banking & Trust Co
—
—
Mitchell Mill 1 LLC
—
Deed Of Trust
related
$570,000 · Branch Banking & Trust Co
—
—
Hillsborough IV LLC
—
Deed Of Trust
related
$4,000,000 · Branch Banking & Trust 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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