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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Investment properties
822 Wake Frst Rd Raleigh, NC 27604-1220
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-5673822
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Construction
FRAME
Total area
1,478 SF
Lot
0.11 ac (4,792 SF)
Zoning code
OX-3
APN
1704.16-83-7075 0023899
UPID
US53-5673822
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
-
Anoroc Agency Advertising Agency Marketing & Advertising
-
anoroc Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
816 Wake Forest Road LLC · 1 yrs held
816 Wake Forest Road LLC
since 2024
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$815,000
+69.9%
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
$575,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$480,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +70% · Conversion: Difficult
MEDICAL BUILDING
$465,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$435,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Aug 15 2024)
Last sale anchor
$600k
Aug 15 2024
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
$406 / 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
$4,252
Tax year 2023
Assessed value
$390,084
Assessed 2023
Previous assessed
$390,084
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$215,640
Assessed improvement
$174,444
Land market value
$215,640
Improvement market value
$174,444
Total market value
$390,084
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
7
Bathrooms
2
Total area
1,478 SF
Lot
0.11 ac (4,792 SF)
Zoning code
OX-3
APN
1704.16-83-7075 0023899
UPID
US53-5673822
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NC
Zoning OX-3 · permitted uses
OX-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
COMMERCIAL (GENERAL) Current
Est. value
$480,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
MEDICAL BUILDING
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$435,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1910
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
816 Wake Forest Road LLC
Entity
Free & Clear · 1 yrs held
Mailing address
621 W JONES ST STE #140, RALEIGH, NC 27603-1408
Ownership since
2024
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
Nov 15, 2024
—
816 Wake Forest Road LLC
Christopher John Mann
Quitclaim Deed
related
—
Nov 15, 2024
$600,000
816 Wake Forest Road LLC
Mann Mcgibney & Jordan PLLC
Warranty Deed
—
Oct 26, 2020
$440,000
Mann Mcgibney & Jordan PLLC
Anoroc Agency INC
Warranty Deed
$352,000 · Townebank
May 22, 2014
$250,000
Anoroc Agency INC
Oakley,eleanor H & Tony D
Warranty Deed
related
$212,415 · Trustatlantic Bk
May 21, 2009
$223,000
Tony D Oakley
Oakley,tony D & Eleanor H
Warranty Deed
related
$180,500 · Carolina Bank
Apr 23, 2007
$223,000
Eleanor H Jordan
Balco,brian A & Mary H
Warranty Deed
$178,400 · Branch Banking & Trust Co
Aug 31, 2005
$210,000
Brian A Balco
Creech,frederick W JR & Emily W
Warranty Deed
$168,000 · American Security Mortgage
Dec 11, 2002
$81,500
F JR Creech
Creech,f
Grant Deed
related
—
—
—
Brian A Balco
—
Deed Of Trust
related
$42,000 · Countrywide Bank
—
—
Eleanor H Jordan
—
Deed Of Trust
related
$9,500 · Branch Banking & Trust Co
—
—
Frederick W Creech JR.
—
Deed Of Trust
related
$25,000 · Central Carolina Bank & Trust
—
—
Tony D Oakley
—
Deed Of Trust
related
$10,000 · Roxboro Savings Bank Ssb
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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