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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Turn key restaurants
500 Glenwood Ave, Raleigh, NC 27603-1222
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0102881
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2014
Construction
BRICK
Total area
16,843 SF
Lot
0.25 ac (10,890 SF)
Zoning code
DX-7
APN
1704.18-41-6389 0055553
UPID
US53-0102881
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
-
Pardon My Cheesesteak Courier Service Postal Service
-
Carolina Ale House - Raleigh Restaurant
-
Vidrio Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
Elizabeth B Hammel · 6 yrs held
Elizabeth B Hammel
since 2019
5 recorded transactions
Zoning & alternative use
DX-7 · 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
$79 / 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
$87,091
Tax year 2023
Assessed value
$7,452,591
Assessed 2023
Previous assessed
$7,452,591
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,415,700
Assessed improvement
$6,036,891
Land market value
$1,415,700
Improvement market value
$6,036,891
Total market value
$7,452,591
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2014
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
16,843 SF
Lot
0.25 ac (10,890 SF)
Zoning code
DX-7
APN
1704.18-41-6389 0055553
UPID
US53-0102881
Jurisdiction
WAKE
Zoning & alternative use
DX-7 · Raleigh, NC
Zoning DX-7 · permitted uses
DX-7 · 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
2014
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Elizabeth B Hammel
Individual
Mailing address
6510 CHAPEL HL RD #200, RALEIGH, NC 27607-5010
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2019
$575,000
Elizabeth B Hammel
Sean E Malone
Warranty Deed
$460,000 · Highlands Resid'l Mtg
Sep 30, 2016
—
Moshakos Glenwood LLC
—
Grant Deed
related
$29,500,000 · Capital Bk
Dec 29, 2008
$2,025,000
Moshakos Glenwood LLC
Hendrickson,c Thomas & Jill D
Warranty Deed
$1,700,000 · Capital Bank NA
—
—
Moshakos Glenwood LLC
—
Deed Of Trust
related
$7,000,000 · Capital Bk
—
—
Hendrickson C T
—
Deed Of Trust
related
$50,000 · Wachovia Bank 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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