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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Investment properties
612 1st Ave Knightdale, NC 27545-8506
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-2790470
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Construction
FRAME
Total area
1,408 SF
Lot
0.33 ac (14,375 SF)
Zoning code
NMX
APN
1754.15-54-1178 0079320
UPID
US53-2790470
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
-
Three Oaks Behavioral Health & Wellness Crisis Center Medical Clinic
-
Sharon Mcgee Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Parsonage Properties LLC · 1 yrs held
Parsonage Properties LLC
since 2024
Last sale
$725,000
7 recorded transactions
Zoning & alternative use
NMX · Knightdale, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$775,000
+65.7%
Auto repair, garage
$485,000
+3.8%
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 Knightdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Knightdale 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
$725,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$470,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$485,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$455,000
Change: -2% · Conversion: Easy
RETAIL STORES
$445,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $725k (Nov 15 2024)
Last sale anchor
$725k
Nov 15 2024
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
$515 / 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
$3,009
Tax year 2023
Assessed value
$271,815
Assessed 2023
Previous assessed
$271,815
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$72,450
Assessed improvement
$199,365
Land market value
$72,450
Improvement market value
$199,365
Total market value
$271,815
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,408 SF
Lot
0.33 ac (14,375 SF)
Zoning code
NMX
APN
1754.15-54-1178 0079320
UPID
US53-2790470
Jurisdiction
WAKE
Zoning & alternative use
NMX · Knightdale, NC
Zoning NMX · permitted uses
NMX · Knightdale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Knightdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$470,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$485,000
MEDICAL BUILDING
Est. value
$455,000
RETAIL STORES
Est. value
$445,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1950
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Parsonage Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 127, KNIGHTDALE, NC 27545-0127
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
$725,000
Parsonage Properties LLC
Whitman Investment Properties LLC
Warranty Deed
—
Oct 31, 2023
—
Whitman Investment Properties LLC
—
Deed
related
$352,000 · First Citizens Bank & Trust Co
Aug 15, 2019
—
Whitman Invs Prop LLC
—
Deed
related
$815,000 · Southern Bk
Apr 5, 2019
$152,500
Christopher R Block
Whitman Invs Prop LLC
Warranty Deed
$152,500 · State Emps Cu
May 14, 2014
—
Whitman Investment Props LLC
—
Trustees Deed
related
$125,000 · Trustatlantic Bk
—
—
Whitman Investment Props LLC
—
Loan Modification
related
$215,000 · Paragon Com'l Bk
—
—
Whitman Investment Props LLC
—
Loan Modification
related
$999,000 · Paragon Commercial Bank
—
—
Whitman Invs Prop LLC
—
Deed Of Trust
related
$815,000 · Southern Bk
—
—
Whitman Investment Props LLC
—
Deed Of Trust
related
$900,000 · Paragon Com'l Bk
—
—
Whitman Investment Props LLC
—
Deed Of Trust
related
$21,386 · Paragon Commercial Bank
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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