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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Retail space
8 3rd St Wendell, NC 27591
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1727400
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
CONCRETE BLOCKS
Total area
2,976 SF
Lot
0.09 ac (3,920 SF)
Zoning code
DMX
APN
1783.07-79-0628 0050108
UPID
US53-1727400
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
$740k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
10 S Main LLC · 3 yrs held
10 S Main LLC
since 2023
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
DMX · Wendell, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Downtown Mixed-Use District is coded to encourage the redevelopment and expansion of the traditional Downtown area. Individual buildings are encouraged to be mixed vertically with street level commercial and upper level residential or commercial uses. Higher densities of residential development are encouraged
Zone name
Downtown Mixed Use
General category
MIXED_USE
Zone area
37.05 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$990,000
+86.7%
Medical building
$965,000
+82.4%
Warehouse, storage
$625,000
+17.7%
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 Wendell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wendell 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
$740,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$755,000
Alternative Use
Use
Estimation
RETAIL STORES
$530,000
Current use
COMMERCIAL (GENERAL)
$990,000
Change: +87% · Conversion: Easy
MEDICAL BUILDING
$965,000
Change: +82% · Conversion: Difficult
WAREHOUSE, STORAGE
$625,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$600,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $600k (Apr 12 2023)
Last sale anchor
$600k
Apr 12 2023
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
$203 / 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
$2,398
Tax year 2023
Assessed value
$185,903
Assessed 2023
Previous assessed
$185,903
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$39,200
Assessed improvement
$146,703
Land market value
$39,200
Improvement market value
$146,703
Total market value
$185,903
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,976 SF
Lot
0.09 ac (3,920 SF)
Zoning code
DMX
APN
1783.07-79-0628 0050108
UPID
US53-1727400
Jurisdiction
WAKE
Zoning & alternative use
DMX · Wendell, NCZoning DMX · permitted uses
DMX · Wendell, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Downtown Mixed-Use District is coded to encourage the redevelopment and expansion of the traditional Downtown area. Individual buildings are encouraged to be mixed vertically with street level commercial and upper level residential or commercial uses. Higher densities of residential development are encouraged
Zone name
Downtown Mixed Use
General category
MIXED_USE
Zone area
37.05 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$990,000
MEDICAL BUILDING
Est. value
$965,000
WAREHOUSE, STORAGE
Est. value
$625,000
OFFICE BUILDING
Est. value
$600,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE 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
1940
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
10 S Main LLC
Entity
Mailing address
107 FAYETTEVILLE ST, RALEIGH, NC 27601-1398
Ownership since
2023
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
Apr 12, 2023
$600,000
10 S Main LLC
Royalty Realty LLC
Warranty Deed
$492,000 · Farmers & Merchants Bank
Jan 24, 2019
$186,000
Royalty Realty LLC
Amg Investment Properties LLC
Warranty Deed
$140,000 · Robert A Sanguily
Jan 27, 2015
$45,000
Amg Investment Properties LLC
Chamblee,jo A N
Warranty Deed
$38,250 · Branch Bk&tr
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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