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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Warehouses
5000 Departure Dr, Raleigh, NC 27616-1843
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-1982684
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
CONCRETE
Total area
17,825 SF
Lot
2.54 ac (110,642 SF)
Zoning code
IND-1
APN
1726.13-04-1317 0109528
UPID
US53-1982684
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
-
Strategic Connections Production Facility Security Service
-
Rocky Top Catering Take-out & Catering Catering Service
-
Rocky Top Bar Services Catering Service Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.52M
Owner & transaction history
Rocky Top Departure LLC · 9 yrs held
Rocky Top Departure LLC
since 2017
7 recorded transactions
Zoning & alternative use
IND-1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10%
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
$85 / 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
$23,712
Tax year 2023
Assessed value
$2,175,455
Assessed 2023
Previous assessed
$2,175,455
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$442,576
Assessed improvement
$1,732,879
Land market value
$442,576
Improvement market value
$1,732,879
Total market value
$2,175,455
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
17,825 SF
Lot
2.54 ac (110,642 SF)
Zoning code
IND-1
APN
1726.13-04-1317 0109528
UPID
US53-1982684
Jurisdiction
WAKE
Zoning & alternative use
IND-1 · Raleigh, NC
Zoning IND-1 · permitted uses
IND-1 · 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
1979
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2.54 ac
Current owner
From public records · entity-resolved
Rocky Top Departure LLC
Entity
Mailing address
5000 DEPARTURE DR, RALEIGH, NC 27616-1843
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
—
Rocky Top Depature LLC
—
Deed
related
$1,674,702 · Pinnacle Bank
Jul 18, 2018
—
Rocky Top Departure LLC
—
Deed
related
$1,789,100 · Pinnacle Bk
Jun 9, 2017
—
Rocky Top Departure LLC
Rocky Top Catering LLC
Quit Claim Deed
related
$1,789,100 · Bank Of Nc
Mar 9, 2017
$2,000,000
Rocky Top Catering LLC
Gsm Properties LLC
Warranty Deed
$1,600,000 · Bank Of Nc
Jun 1, 2011
$950,000
Gsm Properties LLC
Bries Properties LLC
Warranty Deed
$950,000 · Capital Bank NA
Nov 6, 2009
—
Bries Properties LLC
—
Trustees Deed
related
$150,000 · First Citizens Bank & Trust Co
Jan 28, 2004
$840,000
Bries Properties LLC
Foster,w D
Warranty Deed
$715,000 · Branch Banking & Trust Co
—
—
Bries Properties LLC
—
Deed Of Trust
related
$679,023 · First Citizens Bank & Trust Co
—
—
Gsm Properties LLC
—
Deed Of Trust
related
$2,846,273 · Capital Bk
—
—
Gsm Properties LLC
—
Deed Of Trust
related
$1,030,000 · Bank Of Nc
—
—
Rocky Top Departure LLC
—
Deed Of Trust
related
$1,789,100 · Pinnacle Bk
—
—
Rocky Top Departure LLC
—
Deed Of Trust
related
$1,465,000 · Business Expansion Fndg
—
—
Bries Properties LLC
—
Deed Of Trust
related
$106,000 · First Citizens Bank & Trust 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.
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