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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Grocery and convenience stores
7617 Poole Rd Raleigh, NC 27610-9736
Entity Owned
12-yr Hold
Free & Clear
Property ID
US53-5462492
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1986
Construction
METAL FRAME
Total area
5,000 SF
Lot
2.78 ac (121,097 SF)
Zoning code
NMX
APN
1742.02-69-4896 0159966
UPID
US53-5462492
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
-
Asa Food Mart Restaurant
-
bp Car Wash
-
Western Union Bank Credit Union
-
Checos Mexican Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$930k
Owner & transaction history
Asa Food Mart 3 LLC · 12 yrs held
Asa Food Mart 3 LLC
since 2014
7 recorded transactions
Zoning & alternative use
NMX · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+2.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,445,000
Current use
AUTO REPAIR, GARAGE
$1,475,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$186 / 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
$11,271
Tax year 2023
Assessed value
$1,028,122
Assessed 2023
Previous assessed
$1,028,122
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$185,279
Assessed improvement
$842,843
Land market value
$185,279
Improvement market value
$842,843
Total market value
$1,028,122
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1986
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,000 SF
Lot
2.78 ac (121,097 SF)
Zoning code
NMX
APN
1742.02-69-4896 0159966
UPID
US53-5462492
Jurisdiction
WAKE
Zoning & alternative use
NMX · Raleigh, NCZoning NMX · permitted uses
NMX · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES Current
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
1986
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.78 ac
Current owner
From public records · entity-resolved
Asa Food Mart 3 LLC
Entity
Free & Clear · 12 yrs held
Mailing address
7617 POOLE RD, RALEIGH, NC 27610-9736
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Jan 2, 2014
—
Asa Food Mart 3 LLC
Khan,mohammad S
Warranty Deed
related
—
Dec 23, 2009
$550,000
Mohammad S Khan
Home Ln & Inv Bk Fsb
Grant Deed
—
Sep 15, 2009
$700,000
Home Loan Investment Bank Fsb
Substitute Te Svcs INC
Trustees Deed
related
—
Nov 20, 2007
$860,000
Logsdon Corp
Adams,s Wesley & Olivia L
Warranty Deed
$835,087 · S Wesley & Olivia Adams
—
—
Asa 3 Property LLC
—
Deed Of Trust
related
$430,000 · First South Bk
—
—
Logsdon Corp
—
Deed Of Trust
related
$102,625 · Wildor INC
—
—
Logsdon Corp
—
Deed Of Trust
related
$747,000 · Home Loan & Investment Bank Fs
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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