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Property profile & analytics
OFF-MARKET
Estimated value
$5,905,000
Community centers
8111 Creedmoor Rd, Raleigh, NC 27613-4389
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5811696
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Construction
CONCRETE BLOCKS
Total area
59,052 SF
Lot
12.35 ac (537,966 SF)
Zoning code
CX-3
APN
0798.18-42-0285 0112475
UPID
US53-5811696
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
-
Office Depot Print & Copy Services (Bike/Boat/Book/etc) Store Printing Service
-
Huntington Learning Center Raleigh Tutoring Service
-
Beow's Books & Brews (Bike/Boat/Book/etc) Store
-
Expedia Cruises Travel Agency
-
FedEx ShipSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.91M
Owner & transaction history
Brennan Station 1671 LP · 14 yrs held
Brennan Station 1671 LP
since 2011
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$100 / 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
$279,546
Tax year 2023
Assessed value
$25,646,428
Assessed 2023
Previous assessed
$25,646,428
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$13,847,245
Assessed improvement
$11,799,183
Land market value
$13,847,245
Improvement market value
$11,799,183
Total market value
$25,646,428
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1987
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
59,052 SF
Lot
12.35 ac (537,966 SF)
Zoning code
CX-3
APN
0798.18-42-0285 0112475
UPID
US53-5811696
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.
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
12.35 ac
Current owner
From public records · entity-resolved
Brennan Station 1671 LP
Entity
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Nov 23, 2011
$271,500
Brennan Station 1671 LP
Gre Brennan Station LLC
Trustees Deed
related
$9,124,822 · Wells Fargo Bk N #2005-c5 (ce)
Sep 28, 2007
$19,500,000
Gre Brennan Station LLC
Zr Gateway LLC
Grant Deed
$10,114,818 · Column Financial INC
Jun 5, 2002
—
Zr Gateway LLC
Zr Gateway LLC
Quit Claim Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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