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Property profile & analytics
OFF-MARKET
Estimated value
$5,480,000
Office buildings
7001 Pinecrest Rd, Raleigh, NC 27613-4506
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1304868
Property summary
AI-generated overview
This exceptional executive office space at 7001 Pinecrest Rd in Raleigh, NC, offers immediate occupancy in a highly desirable location. The two-story building boasts a total of 30,164 square feet, with 12,086 square feet currently available for lease. Individual suites range from a minimum of 3,104 square feet to a maximum contiguous space of 12,086 square feet, providing flexibility for businesses of various sizes. The property is conveniently situated off Glenwood Avenue in North Raleigh, benefiting from high traffic counts and easy access to major transportation arteries, including RDU International Airport, I-440, and I-540. The building offers ample parking with a ratio of 4.5 spaces per 1,000 square feet. Located in Wake County, this property presents a unique opportunity for businesses seeking a prestigious and easily accessible office environment. The available space is ready for immediate move-in, eliminating the need for extensive renovations or build-outs. This is a multi-tenant building, offering a vibrant and collaborative atmosphere. The address is 7001 Pinecrest Rd, Raleigh, NC 27613.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
BRICK
Total area
26,636 SF
Lot
4.8 ac (209,088 SF)
Zoning code
OX-3
APN
0787.13-04-5221 0159127
UPID
US53-1304868
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
-
UC Synergetic LLC Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.53M
Comparable Approach
Comparable
$5.53M
Blend (final)
Blend
$5.48M
Owner & transaction history
Pulte Home Corp · 21 yrs held
Pulte Home Corp
since 2004
3 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.6M
+66.3%
Medical building
$8.4M
+61.7%
Auto repair, garage
$7.9M
+51.1%
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%
$5,985,000
6.5%
$5,525,000
7%
$5,130,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,195,000
Current use
COMMERCIAL (GENERAL)
$8,640,000
Change: +66% · Conversion: Easy
MEDICAL BUILDING
$8,400,000
Change: +62% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,855,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$5.48M
Range $4.93M – $6.03M · ±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
$206 / 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
$47,775
Tax year 2023
Assessed value
$4,383,003
Assessed 2023
Previous assessed
$4,383,003
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,674,795
Assessed improvement
$2,708,208
Land market value
$1,674,795
Improvement market value
$2,708,208
Total market value
$4,383,003
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
26,636 SF
Lot
4.8 ac (209,088 SF)
Zoning code
OX-3
APN
0787.13-04-5221 0159127
UPID
US53-1304868
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
OFFICE BUILDING Current
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$7.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1987
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
4.8 ac
Current owner
From public records · entity-resolved
Pulte Home Corp
Entity
Free & Clear · 21 yrs held
Mailing address
2225 INDUSTRIAL RD, DYERSBURG, TN 38024-2344
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2004
$70,000
Pulte Home Corp
Progress Energy Carolinas INC
Grant Deed
—
Jul 2, 2003
—
Dunhill Trace LLC
—
Deed Of Trust
related
—
Jun 30, 2003
—
Dunhill Trace Ll
Prudential,i
Grant Deed
related
—
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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