New search
Property profile & analytics
OFF-MARKET
Estimated value
$12,755,000
Automotive properties
7101 Glenwood Ave, Raleigh, NC 27612-7146
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0548664
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1981
Construction
CONCRETE BLOCKS
Total area
38,745 SF
Lot
3.46 ac (150,718 SF)
Zoning code
CX-3
APN
0786.06-49-3392 0115077
UPID
US53-0548664
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
-
ProActive Performance Alternative Medicine Practice
-
National Personal Training Institute Gym & Fitness Center
-
Tesla Car Dealership
-
Tesla Store and Service Car Dealership
-
Tesla Center Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.33M
Blend (final)
Blend
$12.76M
Owner & transaction history
Tesral LLC · 5 yrs held
Tesral LLC
since 2021
Last sale
$13.3M
7 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.1M
+84.4%
Retail stores
$15.2M
+33.3%
Commercial (general)
$12.6M
+10.0%
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
$16,490,000
ML approach
$11,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$11,425,000
Current use
RESTAURANT
$21,065,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$15,225,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,565,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$12,220,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$12.76M
Range $11.48M – $14.03M · ±10% · vs last sale $13.31M (Jan 20 2021)
Last sale anchor
$13.31M
Jan 20 2021
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
$329 / 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
$66,985
Tax year 2023
Assessed value
$6,145,454
Assessed 2023
Previous assessed
$6,145,454
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,885,482
Assessed improvement
$4,259,972
Land market value
$1,885,482
Improvement market value
$4,259,972
Total market value
$6,145,454
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1981
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
38,745 SF
Lot
3.46 ac (150,718 SF)
Zoning code
CX-3
APN
0786.06-49-3392 0115077
UPID
US53-0548664
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning CX-3 · permitted uses
CX-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
AUTO REPAIR, GARAGE Current
Est. value
$11.4M
RESTAURANT
Est. value
$21.1M
RETAIL STORES
Est. value
$15.2M
COMMERCIAL (GENERAL)
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$12.2M
AUTO REPAIR, GARAGE Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1981
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.46 ac
Current owner
From public records · entity-resolved
Tesral LLC
Entity
Free & Clear · 5 yrs held
Mailing address
17760 PRESTON RD, DALLAS, TX 75252-5663
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2021
—
Tesral LLC
—
Deed
related
$9,192,747 · Origin Bk
Jan 20, 2021
$13,308,000
Tesral LLC
Accelerated Investments Nc LLC
Grant Deed
—
Dec 12, 2018
$5,350,000
Accelerated Investments Nc LLC
Phd Glenwood II Nc LLC
Grant Deed
—
Nov 6, 2017
—
Phd At Capital II Nc LLC
—
Deed
related
$5,242,273 · Ms Acquisitions LLC
Jul 3, 2017
$4,600,000
Phd At Glenwood II Nc LLC
7101 Glenwood Partners LLC
Grant Deed
$10,395,480 · Ms Acquisitions LLC
Aug 15, 2006
$70,000
7101 Glenwood Partners LLC
Hamrick,james C
Grant Deed
—
Nov 7, 2003
—
Asd Partners LLC Et Al
—
Deed Of Trust
related
—
—
—
7101 Glenwood Partners
—
Deed Of Trust
related
$250,000 · Capstone Bank
—
—
7101 Glenwood Partners LLC
—
Deed Of Trust
related
$3,200,000 · Branch Banking & Trust Co
—
—
7101 Glenwood Partners LLC
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co
—
—
Phd At Capital II Nc LLC
—
Deed Of Trust
related
$5,242,273 · Ms Acquisitions LLC
—
—
Tesral LLC
—
Deed Of Trust
related
$9,192,747 · Origin 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 7101 Glenwood Ave?
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.
