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Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Turn key restaurants
5200 Capital Blvd, Raleigh, NC 27616-2924
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-5361300
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2020
Construction
CONCRETE BLOCKS
Total area
6,732 SF
Lot
1.63 ac (71,003 SF)
Zoning code
CX-3
APN
1726.10-46-4925 0239431
UPID
US53-5361300
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
-
Outback Steakhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
116 Soutuside Dr LLC · 4 yrs held
116 Soutuside Dr LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.7M
+1.3%
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
$2,545,000
ML approach
$2,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,660,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,710,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $2.25M (Feb 9 2022)
Last sale anchor
$2.25M
Feb 9 2022
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
$355 / 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
$29,119
Tax year 2023
Assessed value
$2,671,498
Assessed 2023
Previous assessed
$2,671,498
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,150,249
Assessed improvement
$1,521,249
Land market value
$1,150,249
Improvement market value
$1,521,249
Total market value
$2,671,498
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2020
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,732 SF
Lot
1.63 ac (71,003 SF)
Zoning code
CX-3
APN
1726.10-46-4925 0239431
UPID
US53-5361300
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
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
2020
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
116 Soutuside Dr LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4132 BERESFORD RD, CHARLOTTE, NC 28211-3810
Ownership since
2022
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
Feb 9, 2022
—
116 Soutuside Dr LLC
Phd Capital II Nc LLC
Deed
—
Feb 9, 2022
$3,824,000
116 Southside Dr LLC
Phd Capital II Nc LLC
Warranty Deed
—
Nov 1, 2017
$2,250,000
Phd At Capital II Nc LLC
Jones,william N & Betty K
Grant Deed
related
—
Jun 21, 2004
$2,005,000
William N Jones
Cnl Net Lease Funding 2003 LLC
Grant Deed
$400,000 · Southtrust Bank NA
Mar 30, 2004
$1,580,000
Cnl Net Lease Funding 2003
Garden Fresh Restaurant Corp
Grant Deed
related
$1,580,000 · Wells Fargo Bank
—
—
Garden Fresh Restaurant Corp
—
Deed Of Trust
related
—
—
—
Garden Fresh Restaurant Corp
—
Deed Of Trust
related
—
—
—
William N Jones
—
Deed Of Trust
related
$288,000 · Bank Of North Carolina
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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