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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Auto shops
5001 Departure Dr, Raleigh, NC 27616-1844
Entity Owned
~
Est. High Equity
Property ID
US53-5383241
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2003
Construction
METAL FRAME
Total area
5,000 SF
Lot
0.93 ac (40,511 SF)
Zoning code
IX-3
APN
1716.16-94-5463 0111325
UPID
US53-5383241
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
-
A & J Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$975k
Blend (final)
Blend
$1.01M
Owner & transaction history
Rfp Raleigh Nc LLC
Rfp Raleigh Nc LLC
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+10.0%
Medical building
$1.6M
+7.0%
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
$990,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,475,000
Current use
COMMERCIAL (GENERAL)
$1,620,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$1,575,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,300,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.03M (Jul 7 2023)
Last sale anchor
$1.03M
Jul 7 2023
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
$201 / 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
$7,363
Tax year 2023
Assessed value
$675,498
Assessed 2023
Previous assessed
$675,498
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$164,070
Assessed improvement
$511,428
Land market value
$164,070
Improvement market value
$511,428
Total market value
$675,498
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2003
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
2
Total area
5,000 SF
Lot
0.93 ac (40,511 SF)
Zoning code
IX-3
APN
1716.16-94-5463 0111325
UPID
US53-5383241
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.3M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2003
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Rfp Raleigh Nc LLC
Entity
Mailing address
5001 DEPARTURE DR, RALEIGH, NC 27616-1844
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
$3,326,000
Rfp Raleigh Nc LLC
Sp Mai Auto Investor I LLC
Special Warranty Deed
—
Mar 6, 2025
$2,524,500
Sp Mai Auto Investor LLC
Nr Auto Store 108 LLC
Special Warranty Deed
—
Jul 7, 2023
$1,025,000
Aj Auto Holdings LLC
Fannin Management LLC
Special Warranty Deed
$1,608,900 · Td Bank NA
Dec 14, 2007
$670,000
Fannin Management LLC
Ballance,henry L & Mary L
Warranty Deed
$527,000 · Gateway Bank & Trust
Jan 22, 2004
$600,000
Henry L Ballance
Mid-atlantic Warehouse & Stora
Warranty Deed
$500,000 · Four Oaks Bank & Trust Co
Oct 9, 2002
$192,000
Mid Atlantic Warehouse
Mid Atlantic War
Grant Deed
related
—
—
—
Fannin Management LLC
—
Deed Of Trust
related
$535,000 · Fidelity Bank NA
—
—
Fannin Management LLC
—
Deed Of Trust
related
$510,000 · Fidelity Bk
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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