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Property profile & analytics
OFF-MARKET
Estimated value
$17,810,000
Distribution centers
420 Civic Blvd Raleigh, NC 27610-2967
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1017156
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Total area
117,000 SF
Lot
20.21 ac (880,348 SF)
Zoning code
IH
APN
1723.08-78-8360 0308773
UPID
US53-1017156
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
-
R.H. Barringer Distributing Company Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.99M
Comparable Approach
Comparable
$19.81M
Blend (final)
Blend
$17.81M
Owner & transaction history
Barringer Leasing LLC · 7 yrs held
Barringer Leasing LLC
since 2019
3 recorded transactions
Zoning & alternative use
IH · 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%
$15,155,000
6.5%
$13,990,000
7%
$12,990,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$25,060,000
Current use
Blend value · Realmo final
$17.81M
Range $16.03M – $19.59M · ±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
$152 / 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
$222,054
Tax year 2024
Assessed value
$25,567,532
Assessed 2024
Previous assessed
$25,567,532
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$4,021,516
Assessed improvement
$21,546,016
Land market value
$4,021,516
Improvement market value
$21,546,016
Total market value
$25,567,532
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2004
Heating
SPACE
Cooling
NONE
Buildings
3
Stories
1
Total area
117,000 SF
Lot
20.21 ac (880,348 SF)
Zoning code
IH
APN
1723.08-78-8360 0308773
UPID
US53-1017156
Jurisdiction
WAKE
Zoning & alternative use
IH · Raleigh, NC
Zoning IH · permitted uses
IH · 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
WAREHOUSE, STORAGE Current
Est. value
$25.1M
WAREHOUSE, STORAGE 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
2004
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Lot
20.21 ac
Current owner
From public records · entity-resolved
Barringer Leasing LLC
Entity
Mailing address
1620 FAIRFAX RD, GREENSBORO, NC 27407-4139
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2019
$13,000,000
Barringer Leasing LLC
Rajdc Raleigh Real Estate LLC
Grant Deed
related
$377,000,000 · Bank Of America
Mar 27, 2018
—
Rajdc Raleigh Real Estate LLC
R A Jeffreys Distributing Co L
Quit Claim Deed
related
—
Jan 7, 2011
—
420 Civic Blvd LLC
Glover-harris II LLC
Grant Deed
related
—
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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