Back to Search
Property profile & analytics
OFF-MARKET
Day care centers
610 Raymond Dr Wendell, NC 27591-9419
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1683352
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1972
Total area
1,844 SF
Lot
0.69 ac (30,056 SF)
Zoning code
R3
APN
1794.17-01-4292 0034826
UPID
US53-1683352
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
Lorraine Dixon · 2 yrs held
Lorraine Dixon
since 2023
7 recorded transactions
Zoning & alternative use
R3 · Wendell, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Residential Districts are coded for the Town's existing predominately-residential neighborhoods as well as to provide for new primarily-residential development in accordance with this pattern. These Districts are differentiated by the density of the overall development relative to the planning goals of the Town as set forth in the Town Plan
Zone name
Residential Medium Density
General category
RESIDENTIAL
Zone area
969.68 ac
Source
Realmo
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 Wendell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wendell 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
$5,718
Tax year 2023
Assessed value
$451,588
Assessed 2023
Previous assessed
$451,588
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$28,000
Assessed improvement
$423,588
Land market value
$28,000
Improvement market value
$423,588
Total market value
$451,588
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1972
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
5
Total area
1,844 SF
Lot
0.69 ac (30,056 SF)
Zoning code
R3
APN
1794.17-01-4292 0034826
UPID
US53-1683352
Jurisdiction
WAKE
Zoning & alternative use
R3 · Wendell, NCZoning R3 · permitted uses
R3 · Wendell, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Residential Districts are coded for the Town's existing predominately-residential neighborhoods as well as to provide for new primarily-residential development in accordance with this pattern. These Districts are differentiated by the density of the overall development relative to the planning goals of the Town as set forth in the Town Plan
Zone name
Residential Medium Density
General category
RESIDENTIAL
Zone area
969.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1972
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
5
Lot
0.69 ac
Current owner
From public records · entity-resolved
Lorraine Dixon
Individual
Mailing address
1200 PULLEY GORDON RD, ZEBULON, NC 27597-8895
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
—
Lorraine Dixon
—
Deed
related
$250,000 · Ks Bank INC
Jan 23, 2020
—
Lorraine H Dixon
—
Deed
related
$520,000 · Benchmark Cmnty Bk
Oct 1, 2018
—
Lorraine H Dixon
—
Deed
related
$15,000 · United Cmnty Bk Nc
—
—
Thomas E Dixon
—
Deed Of Trust
related
$95,000 · Suntrust Bank NA
—
—
Thomas Dixon
—
Loan Modification
related
$145,000 · Ks Bank
—
—
Lorraine H Dixon
—
Deed Of Trust
related
$630,000 · Four Oaks Bk&tr
—
—
Lorraine H Dixon
—
Deed Of Trust
related
$10,100 · Four Oaks Bk&tr
—
—
Thomas E Dixon
—
Deed Of Trust
related
$50,000 · Ks Bank
—
—
Lorraine H Dixon
—
Deed Of Trust
related
$520,000 · Benchmark Cmnty Bk
—
—
Thomas Dixon
—
Deed Of Trust
related
$28,510 · Ks Bk
—
—
Thomas E Dixon
—
Loan Modification
related
$505,596 · Ks Bk
—
—
Thomas E Dixon
—
Deed Of Trust
related
$180,000 · Ks Bank
—
—
Lorraine H Dixon
—
Loan Modification
related
$15,000 · United Cmnty Bk Nc
—
—
Thomas E Dixon
—
Deed Of Trust
related
$407,531 · First Citizens Bank & Trust Co
—
—
Thomas E Dixon
—
Deed Of Trust
related
$250,000 · Ks Bank
—
—
Thomas E Dixon
—
Deed Of Trust
related
$20,000 · Ks Bank
—
—
Thomas E Dixon
—
Deed Of Trust
related
$595,000 · Ks 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 610 Raymond Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
