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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Investment properties
615 Willard Pl Raleigh, NC 27603-1705
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-0273009
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Construction
FRAME
Total area
2,814 SF
Lot
0.25 ac (10,890 SF)
Zoning code
OX-3
APN
1703.06-49-2660 0026409
UPID
US53-0273009
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
-
Nuala Kabir Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$550k
Owner & transaction history
T R Ashe Development LLC · 2 yrs held
T R Ashe Development LLC
since 2023
7 recorded transactions
Zoning & alternative use
OX-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
$370,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$195 / 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
$13,736
Tax year 2023
Assessed value
$1,175,425
Assessed 2023
Previous assessed
$1,175,425
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$976,833
Assessed improvement
$198,592
Land market value
$976,833
Improvement market value
$198,592
Total market value
$1,175,425
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
1910
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
9
Bathrooms
3
Total area
2,814 SF
Lot
0.25 ac (10,890 SF)
Zoning code
OX-3
APN
1703.06-49-2660 0026409
UPID
US53-0273009
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.
Building & site characteristics
From public records
Year built
1910
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
9
Bathrooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
T R Ashe Development LLC
Entity
Free & Clear · 2 yrs held
Mailing address
14 N BOYLAN AVE, RALEIGH, NC 27603-1421
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
—
T R Ashe Development LLC
Matthew S Lamb
Warranty Deed
—
May 13, 2022
—
John M Gardner
T R Ashe Development LLC
Warranty Deed
—
Jun 4, 2013
$1,225,000
Trust Ashe Dev LLC
Temple-willard LLC
Warranty Deed
$1,062,500 · First Citizens Bk
Aug 30, 2002
—
Temple Willard LLC
Temple,willard L
Quit Claim Deed
related
—
Feb 21, 2001
—
G Henry Temple JR.
The Wood Pile Ll
Grant Deed
related
—
—
—
Temple-willard LLC
—
Deed Of Trust
related
$1,100,000 · First South Bank
—
—
Temple-willard LLC
—
Deed Of Trust
related
$400,000 · Wachovia Bank NA
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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