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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Office buildings
418 Dawson St Raleigh, NC 27601-1723
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1997821
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1936
Construction
BRICK
Total area
21,603 SF
Lot
0.62 ac (27,007 SF)
Zoning code
DX-4
APN
1703.41-57-5147 0074094
UPID
US53-1997821
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
-
ColeJenest & Stone/Bolton & Menk General Contractor
-
Bolton & Menk, Inc. Engineer Civil Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.98M
Owner & transaction history
Psych Ward Empire Landlord LLC · 13 yrs held
Psych Ward Empire Landlord LLC
since 2013
7 recorded transactions
Zoning & alternative use
DX-4 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,215,000
Current use
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±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
$138 / 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
$78,603
Tax year 2023
Assessed value
$6,726,254
Assessed 2023
Previous assessed
$6,726,254
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$4,739,729
Assessed improvement
$1,986,525
Land market value
$4,739,729
Improvement market value
$1,986,525
Total market value
$6,726,254
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1936
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
21,603 SF
Lot
0.62 ac (27,007 SF)
Zoning code
DX-4
APN
1703.41-57-5147 0074094
UPID
US53-1997821
Jurisdiction
WAKE
Zoning & alternative use
DX-4 · Raleigh, NCZoning DX-4 · permitted uses
DX-4 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.2M
OFFICE BUILDING Current
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
1936
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Psych Ward Empire Landlord LLC
Entity
Mailing address
133 FAYETTEVILLE ST #6, RALEIGH, NC 27601-1356
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2017
—
Psych Ward Empire Landlord LLC
—
Grant Deed
related
$5,420,000 · Paragon Com'l Bk
Feb 23, 2016
—
Psych Ward Empire Landlord LLC
—
Trustees Deed
related
$1,510,174 · Newbridge Bk
Oct 31, 2014
—
Psych Ward Empire Landlord LLC
—
Trustees Deed
related
$476,550 · Newbridge Bk
May 20, 2014
—
Psych Ward Empire Landlord LLC
—
Trustees Deed
related
$653,000 · Newbridge Bk
Apr 17, 2013
—
Psych Ward Empire Landlord LLC
Ward,robert E III & Joann M
Quit Claim Deed
related
$2,150,000 · Newbridge Bank
Apr 17, 2013
$1,700,000
Psych Ward Empire Landlord LLC
Ward,robert E III & Joann M
Warranty Deed
related
—
Nov 26, 2012
—
Robert E Ward III
—
Trustees Deed
related
$65,000 · Bank Of Hampton Roads
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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