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Property profile & analytics
OFF-MARKET
Estimated value
$8,510,000
Strip malls
8320 Litchford Rd Raleigh, NC 27615-2464
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2127971
Property summary
AI-generated overview
Litchford Village, a renovated retail center (2005) in affluent North Raleigh, offers exceptional leasing opportunities. Strategically located at the intersection of Litchford and Harps Mill Roads, this 89,605 square foot center boasts convenient parking and a strong tenant mix. Currently, two spaces are available, ranging from 3,000 to 9,600 square feet, providing flexibility for various retail concepts. The center enjoys high visibility and traffic due to its prime location. Existing tenants include a diverse range of businesses catering to local residents, including a grocery store (Food Lion), a popular sandwich shop (Subway), a fitness center (Jazzercise), a chiropractic office (Sterling Chiropractic), and a resale shop (Hand Me Ups). This established center offers a proven track record and a strong customer base, making it an ideal location for businesses seeking high foot traffic and a thriving community. The center's convenient parking further enhances the shopping experience for customers. Contact us today to learn more about these exceptional retail spaces and secure your place in this successful North Raleigh center.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
CONCRETE BLOCKS
Total area
51,232 SF
Lot
8.72 ac (379,843 SF)
Zoning code
CX-3
APN
1717.08-89-3859 0162737
UPID
US53-2127971
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
-
Lemongrass Thai Restaurant Restaurant
-
North Carolina Endodontics Dental Office
-
Greystone Chiropractic Alternative Medicine Practice
-
Subway Take-out & Catering Catering Service
-
Herbalife Ignite Fitness and Nutrition LLC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.51M
Owner & transaction history
Litchford Village LLC · 7 yrs held
Litchford Village LLC
since 2018
4 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
722.48 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$166 / 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
$93,361
Tax year 2023
Assessed value
$8,565,221
Assessed 2023
Previous assessed
$8,565,221
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,466,511
Assessed improvement
$6,098,710
Land market value
$2,466,511
Improvement market value
$6,098,710
Total market value
$8,565,221
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
51,232 SF
Lot
8.72 ac (379,843 SF)
Zoning code
CX-3
APN
1717.08-89-3859 0162737
UPID
US53-2127971
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NCZoning 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
Zoning description
The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
722.48 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
8.72 ac
Current owner
From public records · entity-resolved
Litchford Village LLC
Entity
Mailing address
210 WINGO WAY STE #400, MT PLEASANT, SC 29464-1819
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2018
—
Litchford Village LLC
—
Grant Deed
related
$8,250,000 · Miscellaneous Ins Co
—
—
Village LP Litchford
—
Deed Of Trust
related
$479,000 · Branch Banking & Trust Co
—
—
Village LP Litchford
—
Deed Of Trust
related
$3,745,000 · Branch Banking & Trust Co
—
—
Village Litchford
—
Deed Of Trust
related
$5,800,000 · Wells Fargo 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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