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Property profile & analytics
OFF-MARKET
Estimated value
$2,530,000
Strip malls
8440 Louisburg Rd 100 Raleigh, NC 27616-5884
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0647778
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
BRICK
Total area
18,228 SF
Lot
17.25 ac (751,410 SF)
Zoning code
CX-3
APN
1748.04-50-3532 0358212
UPID
US53-0647778
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
-
Lowes Foods on Louisburg Road Grocery & Convenience Store Food Market
-
Hwy 55 Burgers Shakes & Fries Restaurant
-
Western Union Bank Credit Union
-
SunTrust ATM Atm
-
Lowes Food at Forestville Crossing Shopping Center Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.53M
Owner & transaction history
Widewaters Forestville Co LLC · 20 yrs held
Widewaters Forestville Co LLC
since 2006
7 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
$139 / 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
$175,481
Tax year 2023
Assessed value
$16,099,186
Assessed 2023
Previous assessed
$16,061,576
+0.2% YoY
Effective rate
1.09%
On assessed value
Assessed land
$4,023,541
Assessed improvement
$12,075,645
Land market value
$4,023,541
Improvement market value
$12,075,645
Total market value
$16,099,186
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
2007
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
18,228 SF
Lot
17.25 ac (751,410 SF)
Zoning code
CX-3
APN
1748.04-50-3532 0358212
UPID
US53-0647778
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
2007
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
17.25 ac
Current owner
From public records · entity-resolved
Widewaters Forestville Co LLC
Entity
Mailing address
5845 PO BOX 3RD PKWY STE #100, DE WITT, NY 13214-0003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2018
—
Widewaters Forestville Co LLC
—
Loan Modification
related
$17,166,000 · Manufacturers Trade & Tr
Feb 29, 2012
—
Widewaters Forestville Co LLC
—
Deed Of Trust
related
$2,500,000 · M & T Bank
Jul 22, 2011
—
Widewaters Forestville Co LLC
—
Deed Of Trust
related
$19,325,000 · Key Bank & Trust
Apr 24, 2009
—
Widewaters Forestville Co LLC
—
Grant Deed
related
$19,399,997 · Key Bank & Trust
Jul 12, 2006
$8,255,000
Widewaters Forestville Co LLC
Roberts,surry P
Grant Deed
$6,170,000 · Key Bank & Trust
—
—
Widewaters Forestville Co LLC
—
Loan Modification
related
$19,300,000 · Manufacturers & Traders Tr
—
—
Widewaters Forestville Co LLC
—
Loan Modification
related
$602,324 · Manufacturers & Traders Tr
—
—
Widewaters Forestville Co LLC
—
Loan Modification
related
$536,324 · Manufacturers Trade & Tr
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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