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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Strip malls
4500 Fls Of Neuse Rd, Raleigh, NC 27609-6274
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0905646
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1993
Construction
BRICK
Total area
15,312 SF
Lot
10.75 ac (468,270 SF)
Zoning code
CX-5
APN
1716.19-52-3039 0180708
UPID
US53-0905646
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
-
The Falls Centre Business Service Center Corporate Office
-
Rover Pet Salon Pet Grooming Service
-
Anytime Fitness Gym & Fitness Center
-
Office Depot Tech Services Computer & Electronic Repair
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
The Kelly Group LLC · 2 yrs held
The Kelly Group LLC
since 2023
3 recorded transactions
Zoning & alternative use
CX-5 · 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
$129 / 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
$144,840
Tax year 2023
Assessed value
$13,288,026
Assessed 2023
Previous assessed
$13,288,026
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,945,874
Assessed improvement
$9,342,152
Land market value
$3,945,874
Improvement market value
$9,342,152
Total market value
$13,288,026
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
1993
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
15,312 SF
Lot
10.75 ac (468,270 SF)
Zoning code
CX-5
APN
1716.19-52-3039 0180708
UPID
US53-0905646
Jurisdiction
WAKE
Zoning & alternative use
CX-5 · Raleigh, NC
Zoning CX-5 · permitted uses
CX-5 · 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
1993
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
10.75 ac
Current owner
From public records · entity-resolved
The Kelly Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4441 6TH FRKS RD #10621, RALEIGH, NC 27609-5729
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 11, 2023
—
The Kelly Group LLC
Sterling Limited Partnership
Lease
—
Jun 2, 2011
—
Sterling The Falls LP
—
Deed Of Trust
related
$7,800,000 · Paul Revere Life Ins Co
May 6, 2004
$11,500,000
Sterling The Falls
Gateway Virginia Properties
Grant Deed
$8,625,000 · Nationwide Life Insurance Co
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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