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Property profile & analytics
OFF-MARKET
Estimated value
$18,215,000
Office buildings
5580 Centerview Dr Raleigh, NC 27606-3569
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-5456387
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
95,088 SF
Lot
8.82 ac (384,199 SF)
Zoning code
OX-4
APN
0773.20-91-8799 0304757
UPID
US53-5456387
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
-
Home Builders Association of Raleigh-Wake County Association / Organization
-
Ron Heath at Mutual of Omaha Mortgage Loan Service Bank
-
Mutual of Omaha Mortgage Loan Service Bank
-
Revolution Homes Construction Company
-
Builders Mutual Insurance Company Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.62M
Comparable Approach
Comparable
$21.11M
Blend (final)
Blend
$18.22M
Owner & transaction history
Operation Coming Hm Foun INC · 10 yrs held
Operation Coming Hm Foun INC
since 2016
6 recorded transactions
Zoning & alternative use
OX-4 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The OX-4 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options
Zone name
Office Mixed Use
General category
MIXED_USE
Zone area
302.14 ac
Source
Realmo
Top alternative use upside
Medical building
$30.0M
+61.7%
Auto repair, garage
$28.0M
+51.1%
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%
$23,420,000
6.5%
$21,615,000
7%
$20,070,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,550,000
Current use
MEDICAL BUILDING
$29,985,000
Change: +62% · Conversion: Easy
AUTO REPAIR, GARAGE
$28,035,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$18.22M
Range $16.39M – $20.04M · ±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
$192 / 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
$177,148
Tax year 2023
Assessed value
$16,252,076
Assessed 2023
Previous assessed
$16,252,076
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$5,774,511
Assessed improvement
$10,477,565
Land market value
$5,774,511
Improvement market value
$10,477,565
Total market value
$16,252,076
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
95,088 SF
Lot
8.82 ac (384,199 SF)
Zoning code
OX-4
APN
0773.20-91-8799 0304757
UPID
US53-5456387
Jurisdiction
WAKE
Zoning & alternative use
OX-4 · Raleigh, NCZoning OX-4 · permitted uses
OX-4 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The OX-4 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options
Zone name
Office Mixed Use
General category
MIXED_USE
Zone area
302.14 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$18.6M
MEDICAL BUILDING
Est. value
$30.0M
AUTO REPAIR, GARAGE
Est. value
$28.0M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1986
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
8.82 ac
Current owner
From public records · entity-resolved
Operation Coming Hm Foun INC
Entity
Free & Clear · 10 yrs held
Mailing address
5580 CENTERVIEW DR, RALEIGH, NC 27606-3569
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2016
—
Revolution Homes LLC
—
Deed
related
$206,250 · North St Bk
May 19, 2016
—
Operation Coming Hm Foun INC
Grays Creek Developers LLC
Quit Claim Deed
related
—
Dec 5, 2008
$5,455,500
Builders First LLC
Center 192 LLC
Grant Deed
related
—
Jun 27, 2007
—
Builders First LLC
Duke Realty Of Indiana
Quit Claim Deed
related
—
Jun 27, 2007
$11,221,500
Builders First LLC
Duke Realty Of Indiana
Deed Of Trust
related
$5,500,000 · Branch Banking & Trust Co
—
—
Revolution Homes LLC
—
Deed Of Trust
related
$206,250 · North St 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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