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Property profile & analytics
OFF-MARKET
Turn key restaurants
501 6th Frks Rd, Raleigh, NC 27609-7889
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-1305792
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Construction
BRICK
Total area
5,255 SF
Lot
1.2 ac (52,272 SF)
Zoning code
CX-3
APN
1715.13-13-6587 0214338
UPID
US53-1305792
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rrpv 601 Midtown Raleigh LP · 7 yrs held
Rrpv 601 Midtown Raleigh LP
since 2019
Last sale
$4.8M
5 recorded transactions
Zoning & alternative use
CX-3 · 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
—
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
$21,685
Tax year 2023
Assessed value
$1,989,409
Assessed 2023
Previous assessed
$1,989,409
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,189,547
Assessed improvement
$799,862
Land market value
$1,189,547
Improvement market value
$799,862
Total market value
$1,989,409
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
1996
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,255 SF
Lot
1.2 ac (52,272 SF)
Zoning code
CX-3
APN
1715.13-13-6587 0214338
UPID
US53-1305792
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning CX-3 · permitted uses
CX-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.
Building & site characteristics
From public records
Year built
1996
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Rrpv 601 Midtown Raleigh LP
Entity
Mailing address
4801 PGA BLVD, PALM BEACH GARDENS, FL 33418-3941
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
Aug 14, 2019
—
Rrpv 601 Midtown Raleigh LP
—
Grant Deed
related
$30,000,000 · Branch Bk&tr
May 31, 2019
$3,063,000
Rrpv 601 Midtown Raleigh LP
Jg Investments LLC
Grant Deed
—
May 31, 2019
—
Rrpv 601 Midtown Raleigh LP
Jg Investments LLC
Grant Deed
related
—
Nov 10, 2016
—
Jg Investments LLC
Jones Seby B Trust
Warranty Deed
related
$710,000 · Bank Of Nc
Feb 8, 2016
—
Jones,seby B Trust
—
Trustees Deed
related
$750,000 · Bank Of Nc
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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