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Property profile & analytics
FOR LEASE
Grocery and convenience stores
7713 Lead Mine Rd Raleigh, NC 27615
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-0992567
For Lease
1 / 12
$550,000
7713 Lead Mine Rd, Raleigh, NC 27615
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Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1986
Construction
STONE
Total area
2,745 SF
Lot
0.44 ac (19,166 SF)
Zoning code
CX-3
APN
1707.05-07-7990 0159076
UPID
US53-0992567
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
-
Greystone Village Shopping Center & Mall
-
Lily Nails Nail Salon
-
Papa's Pizza & Subs Restaurant
-
Western Union Bank Credit Union
-
Near 2Me Self Storage Units Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$341k
Blend (final)
Blend
$550k
Owner & transaction history
Greystone Village LLC · 7 yrs held
Greystone Village LLC
since 2018
6 recorded transactions
Zoning & alternative use
CX-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
by Request
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$890,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$865,000
Change: -20% · Conversion: Difficult
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
$200 / 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
$8,519
Tax year 2023
Assessed value
$781,574
Assessed 2023
Previous assessed
$781,574
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$239,767
Assessed improvement
$541,807
Land market value
$239,767
Improvement market value
$541,807
Total market value
$781,574
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
For Lease
Year built
1986
Construction
STONE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,745 SF
Lot
0.44 ac (19,166 SF)
Zoning code
CX-3
APN
1707.05-07-7990 0159076
UPID
US53-0992567
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
COMMERCIAL (GENERAL)
Est. value
$890,000
MEDICAL BUILDING
Est. value
$865,000
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
1986
Construction
STONE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Greystone Village LLC
Entity
Free & Clear · 7 yrs held
Mailing address
8800 MARINA PKWY, MYRTLE BEACH, SC 29572-8101
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2018
—
Greystone Village LLC
Grey Mine LLC
Quit Claim Deed
related
—
Sep 13, 2018
$30,600
Greystone Village LLC
Grey Mine LLC
Grant Deed
related
—
Aug 20, 2013
—
Grey Mine LLC
Greystone Improvements LLC
Quit Claim Deed
related
$9,850,000 · Citigroup Global Markets Realt
Aug 20, 2013
$13,300,000
Grey Mine LLC
Greystone Improvements LLC
Grant Deed
related
—
Nov 9, 2007
$12,750,000
Greystone Improvements LLC
Mcw-rc Nc-greystone Village Ll
Grant Deed
related
$82,024,689 · Anglo Irish Bank Corp Plc
—
—
Greystone Improvements LLC
—
Deed Of Trust
related
$2,500,000 · Anglo Irish Bank Corp
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?”
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