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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Assisted living facilities
5219 Old Wake Frst Rd, Raleigh, NC 27609-5007
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-5736165
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2012
Total area
36,519 SF
Lot
6.13 ac (267,023 SF)
Zoning code
RX-3
APN
1716.11-75-1502 0021107
UPID
US53-5736165
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
-
Cadence North Raleigh Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$847k
Blend (final)
Blend
$865k
Owner & transaction history
Gahc3 North Raleigh Nc Alf LLC · 11 yrs held
Gahc3 North Raleigh Nc Alf LLC
since 2015
7 recorded transactions
Zoning & alternative use
RX-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
Method
Estimation
Statistic approach
by Request
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,005,000
Current use
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$24 / 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
$75,335
Tax year 2023
Assessed value
$6,911,474
Assessed 2023
Previous assessed
$6,911,474
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,636,493
Assessed improvement
$5,274,981
Land market value
$1,636,493
Improvement market value
$5,274,981
Total market value
$6,911,474
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2012
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
61
Rooms
8
Bathrooms
3
Total area
36,519 SF
Lot
6.13 ac (267,023 SF)
Zoning code
RX-3
APN
1716.11-75-1502 0021107
UPID
US53-5736165
Jurisdiction
WAKE
Zoning & alternative use
RX-3 · Raleigh, NC
Zoning RX-3 · permitted uses
RX-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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
2012
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
61
Rooms
8
Bathrooms
3
Lot
6.13 ac
Current owner
From public records · entity-resolved
Gahc3 North Raleigh Nc Alf LLC
Entity
Free & Clear · 11 yrs held
Mailing address
18191 VON KARMAN AVE STE #300, IRVINE, CA 92612-7106
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2015
$22,174,000
Gahc3 North Raleigh Nc Alf LLC
Carillon Assisted Living Of Ralei
Warranty Deed
—
May 2, 2012
—
Carillon Assisted Living Of Ralei
—
Deed Of Trust
related
$7,965,000 · Synovus Bank
Mar 19, 2012
$690,000
Carillon Assisted Living Of Ralei
Old Millbrook Properties LLC
Warranty Deed
—
Sep 12, 2008
—
Old Millbrook Properties LLC
—
Trustees Deed
related
$1,000,000 · Branch Banking & Trust Co
Jul 27, 2007
—
Old Millbrook Properties LLC
House,h H & Dollie P
Quit Claim Deed
related
—
Jun 14, 2006
$330,000
H H House
Ali,janie B
Warranty Deed
$137,000 · Janie B Ali
Jun 14, 2006
—
H H House
Ali,janie B
Quit Claim Deed
related
—
—
—
Carillon Assisted Living Of Ralei
—
Loan Modification
related
$10,382,500 · Synovus Bk
—
—
Old Millbrook Properties LLC
—
Deed Of Trust
related
$313,536 · Branch Banking & 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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