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Property profile & analytics
OFF-MARKET
Estimated value
$44,900,000
Office buildings
421 Fayetteville St Raleigh, NC 27601-1792
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US53-1790396
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
BRICK
Total area
395,760 SF
Lot
0.55 ac (23,958 SF)
Zoning code
DX-40
APN
1703.42-76-1946 0124467
UPID
US53-1790396
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
-
Joyner Walton K Law Firm
-
EventOPS (Bike/Boat/Book/etc) Store Corporate Office
-
Chhabria Law LLC Law Firm
-
Classical Therapy of Raleigh Psychotherapist Counselor
-
Mitro Digital Marketing LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.90M
Owner & transaction history
Highwoods Realty LP · 11 yrs held
Highwoods Realty LP
since 2014
7 recorded transactions
Zoning & alternative use
DX-40 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$113 / 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
$1,027,361
Tax year 2023
Assessed value
$87,913,845
Assessed 2023
Previous assessed
$87,913,845
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$8,378,113
Assessed improvement
$79,535,732
Land market value
$8,378,113
Improvement market value
$79,535,732
Total market value
$87,913,845
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 (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Total area
395,760 SF
Lot
0.55 ac (23,958 SF)
Zoning code
DX-40
APN
1703.42-76-1946 0124467
UPID
US53-1790396
Jurisdiction
WAKE
Zoning & alternative use
DX-40 · Raleigh, NCZoning DX-40 · permitted uses
DX-40 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
5
Lot
0.55 ac
Current owner
From public records · entity-resolved
Highwoods Realty LP
Entity
Mailing address
150 FAYETTEVILLE ST STE #1400, RALEIGH, NC 27601-2956
Ownership since
2014
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
Sep 8, 2014
$83,955,500
Highwoods Realty LP
Tso Fayetteville LLC
Grant Deed
—
Aug 15, 2011
—
Tso Fayetteville LLC
—
Deed Of Trust
related
$41,000,000 · John Hancock Life Insurance Co
Nov 2, 2009
—
Tso Fayetteville LLC
—
Deed Of Trust
related
$39,400,000 · Regions Bank
Jul 11, 2005
$47,100,000
Tso Fayetteville LLC
Highlands Legacy
Grant Deed
—
Jul 11, 2005
—
Tso Fayetteville LLC
Highlands Legacy
Grant Deed
related
$42,000,000 · Regions Bank
—
—
Mcclatchy Co LLC
—
Deed Of Trust
related
$182,100,000 · Bank Of Ny Mellon
—
—
Mcclatchy Co LLC
—
Deed Of Trust
related
$97,762,366 · Wilmington Tr NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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