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Property profile & analytics
OFF-MARKET
Estimated value
$17,200,000
Retail properties & Spaces
7820 Alexander Promenade Pl, Raleigh, NC 27617
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US53-1965020
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2003
Construction
BRICK
Total area
89,202 SF
Lot
8.32 ac (362,419 SF)
Zoning code
CX-3
APN
0768.02-58-5126 0326275
UPID
US53-1965020
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.95M
Comparable Approach
Comparable
$17.63M
Blend (final)
Blend
$17.20M
Owner & transaction history
Ddrtc Alexander Place LLC · 19 yrs held
Ddrtc Alexander Place LLC
since 2007
2 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%
$24,855,000
6.5%
$22,945,000
7%
$21,305,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$28,130,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$17.20M
Range $15.48M – $18.92M · ±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
$193 / 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
$75,383
Tax year 2023
Assessed value
$6,915,864
Assessed 2023
Previous assessed
$6,915,864
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$4,240,302
Assessed improvement
$2,675,562
Land market value
$4,240,302
Improvement market value
$2,675,562
Total market value
$6,915,864
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2003
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
89,202 SF
Lot
8.32 ac (362,419 SF)
Zoning code
CX-3
APN
0768.02-58-5126 0326275
UPID
US53-1965020
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
MEDICAL BUILDING
Est. value
$28.1M
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
2003
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
8.32 ac
Current owner
From public records · entity-resolved
Ddrtc Alexander Place LLC
Entity
Mailing address
8625 PO BOX 2148TH BLVD #2, MILWAUKEE, WI 53201-2148
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2007
—
Ddrtc Alexander Place LLC
Inland Southeast Raleigh Alexa
Grant Deed
$500,000,000 · Wells Fargo Bank
Sep 16, 2004
$26,295,500
Southeast Raleigh Alexa Inland
Faison-glenwood LLC
Grant Deed
—
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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