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Property profile & analytics
OFF-MARKET
Estimated value
$3,675,000
Medical Office Space
5838 6th Frks Rd, Raleigh, NC 27609-3885
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-5663042
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
BRICK
Total area
14,053 SF
Lot
1.33 ac (57,935 SF)
Zoning code
OX-3
APN
1706.07-77-1974 0038294
UPID
US53-5663042
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
$3.35M
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$3.68M
Owner & transaction history
Glenwood Commercial Props LLC · 9 yrs held
Glenwood Commercial Props LLC
since 2017
7 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.5M
+58.6%
Commercial (general)
$4.6M
+30.9%
Auto repair, garage
$4.1M
+19.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,625,000
6.5%
$3,345,000
7%
$3,110,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,485,000
Current use
RETAIL STORES
$5,520,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,560,000
Change: +31% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,145,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,170,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.68M
Range $3.31M – $4.04M · ±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
$262 / 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
$36,116
Tax year 2023
Assessed value
$3,313,432
Assessed 2023
Previous assessed
$3,313,432
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$560,071
Assessed improvement
$2,753,361
Land market value
$560,071
Improvement market value
$2,753,361
Total market value
$3,313,432
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
6
Bathrooms
1
Total area
14,053 SF
Lot
1.33 ac (57,935 SF)
Zoning code
OX-3
APN
1706.07-77-1974 0038294
UPID
US53-5663042
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NC
Zoning OX-3 · permitted uses
OX-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
MEDICAL BUILDING Current
Est. value
$3.5M
RETAIL STORES
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.2M
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2007
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Glenwood Commercial Props LLC
Entity
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2017
$4,950,000
Glenwood Commercial Props LLC
Four Horsemen Real Estate LLC
Warranty Deed
$2,000,000 · Paragon Com'l Bk
Mar 30, 2007
—
Raleigh Neurosurgical LLC
—
Trustees Deed
related
$3,072,069 · First Citizens Bank & Trust Co
Sep 28, 2006
$725,000
Raleigh Neurosurgical LLC
Six Forks & Dublin Road LLC
Grant Deed
—
Sep 14, 2006
$725,000
Raleigh Neurological LLC
Six Forks & Dublin Road LLC
Warranty Deed
—
Oct 14, 2005
—
Six Forks & Dublin Road LLC
Lane,don G & Phyllis B
Warranty Deed
related
—
—
—
Four Horsemen Real Estate LLC
—
Deed Of Trust
related
$2,774,000 · First Citizens Bk
—
—
Raleigh Neurosurgical LLC
—
Deed Of Trust
related
$1,470,500 · Suntrust 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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