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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Grocery and convenience stores
8101 Glenwood Ave Raleigh, NC 27612-1878
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-0847812
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2017
Construction
BRICK
Total area
6,522 SF
Lot
2.95 ac (128,502 SF)
Zoning code
IX-3
APN
0787.13-02-3948 0019857
UPID
US53-0847812
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
-
PNC ATM Atm
-
Sheetz Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$825k
Blend (final)
Blend
$965k
Owner & transaction history
Mann Family Investments LLC · 9 yrs held
Mann Family Investments LLC
since 2016
6 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities
Zone name
Industrial Mixed Use
General category
MIXED_USE
Zone area
4,634.30 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$148 / 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
$40,242
Tax year 2023
Assessed value
$3,691,883
Assessed 2023
Previous assessed
$3,691,883
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,385,869
Assessed improvement
$2,306,014
Land market value
$1,385,869
Improvement market value
$2,306,014
Total market value
$3,691,883
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
2017
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,522 SF
Lot
2.95 ac (128,502 SF)
Zoning code
IX-3
APN
0787.13-02-3948 0019857
UPID
US53-0847812
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NCZoning IX-3 · permitted uses
IX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities
Zone name
Industrial Mixed Use
General category
MIXED_USE
Zone area
4,634.30 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2017
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.95 ac
Current owner
From public records · entity-resolved
Mann Family Investments LLC
Entity
Mailing address
1210 COWPER DR, RALEIGH, NC 27608-2233
Ownership since
2016
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
Jun 6, 2017
—
Mann Family Investments LLC
—
Deed
related
$600,000 · First S Bk/greenville
Dec 30, 2016
$3,528,000
Mann Family Investments LLC
Eatman,frank W III & Gay S
Warranty Deed
$559,759 · Other Institutional Lenders
—
—
F W Eatman III
—
Deed Of Trust
related
$150,000 · First Citizens Bank & Trust Co
—
—
F W Eatman III
—
Deed Of Trust
related
$30,000 · First Citizens Bank & Trust Co
—
—
Mann Family Investments LLC
—
Deed Of Trust
related
$600,000 · First S Bk/greenville
—
—
Frank W Eatman III
—
Deed Of Trust
related
$75,000 · Rbc Centura Bank
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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