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Property profile & analytics
OFF-MARKET
Estimated value
$7,730,000
Strip malls
407 Chapanoke Rd Raleigh, NC 27603-3428
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US53-0240943
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE BLOCKS
Total area
46,800 SF
Lot
13.88 ac (604,613 SF)
Zoning code
CX-3
APN
1702.18-22-8488 0139348
UPID
US53-0240943
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
-
BELLA SALON Hair Salon Nail Salon
-
Panadería y Pastelería Pahuatlán Bakery Specialty Food Shop
-
ChiroDuo Mobile Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.73M
Owner & transaction history
Jjjt Investment LLC · 18 yrs held
Jjjt Investment LLC
since 2007
7 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
722.48 ac
Source
Realmo
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%
$11,550,000
6.5%
$10,660,000
7%
$9,900,000
Blend value · Realmo final
$7.73M
Range $6.96M – $8.50M · ±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
$165 / 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
$120,135
Tax year 2023
Assessed value
$11,021,533
Assessed 2023
Previous assessed
$11,021,533
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,536,986
Assessed improvement
$7,484,547
Land market value
$3,536,986
Improvement market value
$7,484,547
Total market value
$11,021,533
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
46,800 SF
Lot
13.88 ac (604,613 SF)
Zoning code
CX-3
APN
1702.18-22-8488 0139348
UPID
US53-0240943
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NCZoning 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
Zoning description
The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
722.48 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
13.88 ac
Current owner
From public records · entity-resolved
Jjjt Investment LLC
Entity
Mailing address
421 CHAPANOKE RD STE #113, RALEIGH, NC 27603-3690
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2017
—
Jjjt Investments LLC
—
Deed
related
$500,000 · Fidelity Bk
Aug 7, 2007
$6,000,000
Jjjt Investment LLC
Parker-raleigh Development Xxx
Grant Deed
$4,800,000 · Wachovia Bk
Jun 29, 2000
—
Parker Raleigh Development
—
Deed Of Trust
related
—
—
—
Jjjt Investment LLC
—
Deed Of Trust
related
$5,500,000 · Fidelity Bk
—
—
Jjjt Investment LLC
—
Deed Of Trust
related
$2,825,000 · Self-help Ventures Fnd
—
—
Jjjt Investment LLC
—
Deed Of Trust
related
$300,000 · Fidelity Bk
—
—
Jjjt Investments LLC
—
Deed Of Trust
related
$500,000 · Fidelity 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.
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