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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Retail space
804 Peace St Raleigh, NC 27605-1416
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1120910
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
CONCRETE BLOCKS
Total area
4,120 SF
Lot
0.44 ac (19,166 SF)
Zoning code
NX-3
APN
1704.18-32-7205 0039303
UPID
US53-1120910
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
-
ATM Atm
-
Peace Street Market (Bike/Boat/Book/etc) Store Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$995k
Owner & transaction history
Firoz LLC · 4 yrs held
Firoz LLC
since 2021
7 recorded transactions
Zoning & alternative use
NX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The NX-3 is intended to provide for a variety of residential, retail, service andcommercial uses all within walking distance of residential neighborhoods
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
176.09 ac
Source
Realmo
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
$865,000
CAP Approach
CAP Return
Estimation
6%
$1,150,000
6.5%
$1,060,000
7%
$985,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,620,000
Current use
COMMERCIAL (GENERAL)
$1,335,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$1,300,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$242 / 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
$24,488
Tax year 2023
Assessed value
$2,246,603
Assessed 2023
Previous assessed
$2,246,603
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,918,517
Assessed improvement
$328,086
Land market value
$1,918,517
Improvement market value
$328,086
Total market value
$2,246,603
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
1950
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
4,120 SF
Lot
0.44 ac (19,166 SF)
Zoning code
NX-3
APN
1704.18-32-7205 0039303
UPID
US53-1120910
Jurisdiction
WAKE
Zoning & alternative use
NX-3 · Raleigh, NCZoning NX-3 · permitted uses
NX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The NX-3 is intended to provide for a variety of residential, retail, service andcommercial uses all within walking distance of residential neighborhoods
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
176.09 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES Current
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
1950
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
0.44 ac
Current owner
From public records · entity-resolved
Firoz LLC
Entity
Mailing address
804 W PEACE ST, RALEIGH, NC 27605-1416
Mailing matches property
Yes
Owner-occupied
Yes
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
Dec 1, 2021
—
Firoz LLC
—
Deed
related
$1,000,000 · Truist Bank
Aug 17, 2017
—
Firoz LLC
—
Deed
related
$70,000 · Capital Bk
Jun 13, 2017
—
Firoz LLC
—
Deed
related
$560,713 · Capital Bk
Mar 21, 2017
—
Raleigh Dev Co Ll LLC
—
Grant Deed
related
$3,170,000 · Capital Bk
—
—
Firoz LLC
—
Deed Of Trust
related
$100,000 · Fidelity Bank NA
—
—
Firoz LLC
—
Deed Of Trust
related
$50,000 · Fidelity Bk
—
—
Firoz LLC
—
Deed Of Trust
related
$560,713 · Capital Bk
—
—
Firoz LLC
—
Deed Of Trust
related
$200,000 · Fidelity Bank NA
—
—
Firoz LLC
—
Deed Of Trust
related
$150,000 · Capital Bk
—
—
Firoz LLC
—
Deed Of Trust
related
$582,000 · Fidelity Bank NA
—
—
Firoz LLC
—
Deed Of Trust
related
$70,000 · Capital Bk
—
—
Firoz LLC
—
Deed Of Trust
related
$250,000 · Fidelity Bank NA
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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