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Property profile & analytics
OFF-MARKET
Estimated value
$21,295,000
Retail properties & Spaces
4601 Glenwood Ave, Raleigh, NC 27612-3809
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1586758
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
167,891 SF
Lot
3.3 ac (143,748 SF)
Zoning code
CX-12
APN
0796.18-41-8378 0200809
UPID
US53-1586758
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
-
Winters Phebe Clare DDS Dental Office
-
Williams-Humbl Lindsey DDS Physician
-
Lamar Johnson Keenon DDS Dental Office
-
Chirnalli Vinay DDS Dental Office
-
Humble Lindsey w DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.30M
Owner & transaction history
Crabtree Owner LLC · 1 yrs held
Crabtree Owner LLC
since 2025
4 recorded transactions
Zoning & alternative use
CX-12 · 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
$127 / 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
$139,407
Tax year 2023
Assessed value
$13,291,841
Assessed 2023
Previous assessed
$13,291,841
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$5,757,107
Assessed improvement
$7,534,734
Land market value
$5,757,107
Improvement market value
$7,534,734
Total market value
$13,291,841
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
167,891 SF
Lot
3.3 ac (143,748 SF)
Zoning code
CX-12
APN
0796.18-41-8378 0200809
UPID
US53-1586758
Jurisdiction
WAKE
Zoning & alternative use
CX-12 · Raleigh, NC
Zoning CX-12 · permitted uses
CX-12 · 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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
3.3 ac
Current owner
From public records · entity-resolved
Crabtree Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 130639, CARLSBAD, CA 92013-0639
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
$29,000,000
Crabtree Owner LLC
Cvm Holdings Il LLC
Special Warranty Deed
—
Apr 9, 2018
$19,500,100
Cvm Holdings II LLC
Src Facilities LLC
Grant Deed
related
—
Mar 16, 2018
—
Src Facilities LLC
—
Grant Deed
related
$200,000,000 · Ubs Ag Stamford Br
Apr 1, 2004
—
Src Facilities Statutory Trust 2
Sears Roebuck
Grant Deed
$14,210,000 · Wells Fargo Bank Minnesot (te)
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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