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Property profile & analytics
OFF-MARKET
Estimated value
$7,620,000
Warehouses
4101 Capital Blvd Raleigh, NC 27604-3414
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-0856743
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
BRICK
Total area
66,040 SF
Lot
5.26 ac (229,126 SF)
Zoning code
CX-3
APN
1725.06-39-6824 0016260
UPID
US53-0856743
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
-
NCDOT New Hope Center State Government Office
-
NCDOT Information Technology Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.90M
Comparable Approach
Comparable
$5.58M
Blend (final)
Blend
$7.62M
Owner & transaction history
324 Causeway Drive LLC
324 Causeway Drive LLC
since 2026
Last sale
$8.5M
5 recorded transactions
Zoning & alternative use
CX-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%
$8,555,000
6.5%
$7,895,000
7%
$7,330,000
Blend value · Realmo final
$7.62M
Range $6.86M – $8.38M · ±10% · vs last sale $8.50M (Nov 25 2024)
Last sale anchor
$8.50M
Nov 25 2024
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
$115 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$73,338
Tax year 2024
Assessed value
$8,444,190
Assessed 2024
Previous assessed
$8,444,190
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$3,127,570
Assessed improvement
$5,316,620
Land market value
$3,127,570
Improvement market value
$5,316,620
Total market value
$8,444,190
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
66,040 SF
Lot
5.26 ac (229,126 SF)
Zoning code
CX-3
APN
1725.06-39-6824 0016260
UPID
US53-0856743
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.
Building & site characteristics
From public records
Year built
1984
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.26 ac
Current owner
From public records · entity-resolved
324 Causeway Drive LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6312 WESTGATE RD, RALEIGH, NC 27617-4723
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2026
—
324 Causeway Drive LLC
324 Causeway Drive LLC
Deed
related
—
Feb 25, 2025
$8,500,000
324 Causeway Drive LLC
6421 Westgate Realty LLC
Special Warranty Deed
$6,800,000 · Benchmark Community Bank
Feb 23, 2024
$7,250,000
6421 Westgate Realty LLC
Sgp Raleigh LLC
Special Warranty Deed
—
Aug 7, 2017
$6,900,000
Sgp Raleigh LLC
New Hope Center Associates LP
Trustees Deed
$8,600,000 · Capital Bk
—
—
New Hope Center Associates
—
Deed Of Trust
related
$4,000,000 · Trustatlantic Bank
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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