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    6320 Pleasant Pnes Dr Raleigh, NC 27613-1915
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    Property profile & analytics

    6320 Pleasant Pnes Dr, Raleigh, NC 27613-1915

    View on Map
    • Investment properties
    • 1,927 SF
    • 0.69 lot acres
    Off-Market
    Last Sale Dec 3, 2025
    $526,000
    Property ID
    US53-0583388
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    5.2%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 6320 Pleasant Pnes Dr

    Year built
    1969
    Construction
    BRICK
    Lot size
    0.69 lot acres
    Zone code
    OX-3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0787.19-50-2231 0022984
    APU
    787195022310022984

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 31, 2023 $495,000 6320 Pleasant Pines Drive LLC Oksabuk LLC Warranty Deed $285k · Peoples Bank
    Nov 6, 2019 $386,000 Oksabuk LLC Mk & Ms Real Estate LLC Warranty Deed $309k · First Citizens Bk
    Aug 9, 2019 $315,000 Mk & Ms Real Estate LLC Saho Proprties LLC Warranty Deed —
    Feb 19, 2019 $237,000 Saho Properties LLC Ldr Properties LLC Grant Deed —
    Dec 6, 2006 $150,000 Ldr Properties LLC Rivers,lawrence D Grant Deed —
    Sep 1, 2006 — Lawrence D Rivers Rivers,lawrence D Quit Claim Deed · related —
    — — Ldr Properties LLC — Deed Of Trust · related $263k · Wachovia Bank NA
    — — Lawrence D Rivers — Deed Of Trust · related $200k · Wachovia Bank NA
    — — Ldr Properties LLC — Deed Of Trust · related $238k · Pnc Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $475,000
      ML approach
      $510,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $410,000
      6.5%
      $380,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $520,000
      Market price range: $409k - $932k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $625,000
      Current use
      RETAIL STORES
      $755,000
      Change: +21% Conversion: Easy
      MEDICAL BUILDING
      $610,000
      Change: -3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $570,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7124
    Latitude
    35.866
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,397
    $181,238
    $222,137
    $403,375
    -
    $181,238
    $222,137
    $403,375

    Comparable in this City

    • Value Estimation by Request
      1,008 SF

      2600 Howard Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2600 Howard Rd, Raleigh, NC 27613-1651
      View Details
    • Value Estimation
      $550,000
      3,278 SF

      9308 Fairbanks Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      9308 Fairbanks Dr, Raleigh, NC 27613-5247
      View Details
    • Value Estimation by Request
      2,379 SF

      12201 Leesville Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      12201 Leesville Rd, Raleigh, NC 27613-8315
      View Details
    • Value Estimation by Request
      2,354 SF

      4400 Pleasant Grv Church Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      4400 Pleasant Grv Church Rd, Raleigh, NC 27613-3131
      View Details
    • Value Estimation
      $510,000
      3,438 SF

      11413 Leesville Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      11413 Leesville Rd, Raleigh, NC 27613-5954
      View Details
    • Value Estimation by Request
      127,106 SF

      Strickland Rd. & Leesville Rd

      Retail properties & Spaces
      0 Strickland Rd. & Leesville Rd, Raleigh, NC 27613
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      1.12 acre vacant lot ready for new home construction.
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    • $219,900
      Pending

      Commercial Property on Creedmoor Road

      Commercial property for sale located on Creedmoor Road.
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      Raleigh Land Building Opportunity

      Building lot in NW Wake County, ready to build.
      6917 Fiddleman Way, Raleigh, NC 27613
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    • $600,000
      3.09 Acres

      Raleigh Homesite: 3.09 Acres

      3.09-acre homesite in North Raleigh, ready for construction.
      3028 Mount Vernon Church Rd, Raleigh, NC 27613
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      967 SF

      Single-Story Office Building For Lease

      Single-story office building for lease near shopping, banks, and restaurants.
      7101 Creedmoor Rd, Raleigh, NC 27613
      View Details
    • Contact for pricing
      4,319 SF

      Retail Space Anchored by Trader Joe's

      Community shopping center in North Raleigh, anchored by major retailers.
      Creedmoor Rd & Brennan Dr, Raleigh, NC 27613
      View Details
    • Contact for pricing
      1,447 SF

      Raleigh Office Space For Lease

      Office space available for lease in Raleigh, North Carolina.
      7200 Creedmoor Rd, Raleigh, NC 27613
      View Details
    • Contact for pricing

      Retail Space in Leesville Towne

      Prominent retail position in Northwest Raleigh, anchored by Harris Teeter.
      13210 Strickland Rd, Raleigh, NC 27613
      View Details
    • Contact for pricing

      Retail Space Anchored by Harris Teeter

      Retail space available in a busy North Raleigh shopping center.
      8371 Creedmoor Rd, Raleigh, NC 27613
      View Details
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    Raleigh, NC 27613-1915
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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