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Property profile & analytics
OFF-MARKET
Estimated value
$13,150,000
Office buildings
5 Hargett St Raleigh, NC 27601-1357
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0396663
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1915
Construction
BRICK
Total area
72,332 SF
Lot
0.17 ac (7,405 SF)
Zoning code
DX-12
APN
1703.34-68-9301 0038342
UPID
US53-0396663
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
-
McLean L Law Firm
-
The Marketing Machine Advertising Agency Marketing & Advertising
-
MRC Branding Agency Marketing & Advertising Advertising Agency
-
Raw U High School
-
Palmé Law Firm, P.A. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.14M
CAP Approach
CAP
$16.45M
Comparable Approach
Comparable
$10.24M
Blend (final)
Blend
$13.15M
Owner & transaction history
High Five Empire LLC · 4 yrs held
High Five Empire LLC
since 2021
Last sale
$12.4M
6 recorded transactions
Zoning & alternative use
DX-12 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The DX-12 is intended to provide for intense mixed use development of the Citysdowntown area
Zone name
Downtown Mixed Use
General category
MIXED_USE
Zone area
8.10 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$21.3M
+51.1%
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
$15,330,000
ML approach
$12,140,000
CAP Approach
CAP Return
Estimation
6%
$17,815,000
6.5%
$16,445,000
7%
$15,270,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,110,000
Current use
AUTO REPAIR, GARAGE
$21,325,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$13.15M
Range $11.84M – $14.47M · ±10% · vs last sale $12.37M (Nov 22 2021)
Last sale anchor
$12.37M
Nov 22 2021
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
$182 / 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
$60,186
Tax year 2023
Assessed value
$10,300,528
Assessed 2023
Previous assessed
$10,300,528
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$2,589,529
Assessed improvement
$7,710,999
Land market value
$2,589,529
Improvement market value
$7,710,999
Total market value
$10,300,528
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
1915
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Total area
72,332 SF
Lot
0.17 ac (7,405 SF)
Zoning code
DX-12
APN
1703.34-68-9301 0038342
UPID
US53-0396663
Jurisdiction
WAKE
Zoning & alternative use
DX-12 · Raleigh, NCZoning DX-12 · permitted uses
DX-12 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The DX-12 is intended to provide for intense mixed use development of the Citysdowntown area
Zone name
Downtown Mixed Use
General category
MIXED_USE
Zone area
8.10 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$14.1M
AUTO REPAIR, GARAGE
Est. value
$21.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1915
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
High Five Empire LLC
Entity
Free & Clear · 4 yrs held
Mailing address
133 FAYETTEVILLE ST #6, RALEIGH, NC 27601-1356
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
—
High Five Empire LLC
The Raleigh Building LLC
Deed
—
Nov 22, 2021
$12,372,000
High Five Empire LLC
The Raleigh Building LLC
Warranty Deed
$10,000,000 · Southern First Bank NA
Dec 27, 2019
—
Raleigh Building LLC
—
Deed
related
$3,000,000 · First Nat'l Bk/pa
Dec 14, 2016
—
Raleigh Building LLC
—
Deed
related
$250,000 · Newbridge Bk
—
—
Raleigh Building LLC
—
Deed Of Trust
related
$250,000 · Newbridge Bk
—
—
Raleigh Building LLC
—
Deed Of Trust
related
$3,000,000 · First Nat'l Bk/pa
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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