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Property profile & analytics
OFF-MARKET
Estimated value
$32,500,000
Distribution centers
8605 Ebenezer Church Rd Raleigh, NC 27617-4728
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0732445
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1973
Total area
89,577 SF
Lot
13.07 ac (569,329 SF)
Zoning code
IX-3
APN
0778.04-61-4460 0087560
UPID
US53-0732445
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
-
Mims Distributing Co Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$32.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.98M
Blend (final)
Blend
$32.50M
Owner & transaction history
8605 Ebenezer Church Road LLC · 2 yrs held
8605 Ebenezer Church Road LLC
since 2024
Last sale
$32.5M
6 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$49.4M
+149.9%
Restaurant
$48.7M
+146.6%
Retail stores
$35.2M
+78.2%
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
$32,500,000
ML approach
$32,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$19,755,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$49,360,000
Change: +150% · Conversion: Moderate
RESTAURANT
$48,705,000
Change: +147% · Conversion: Difficult
RETAIL STORES
$35,200,000
Change: +78% · Conversion: Moderate
COMMERCIAL (GENERAL)
$29,055,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$28,250,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,410,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$32.50M
Range $29.25M – $35.75M · ±10% · vs last sale $32.50M (Jan 2 2024)
Last sale anchor
$32.50M
Jan 2 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
$363 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$211,922
Tax year 2024
Assessed value
$24,400,977
Assessed 2024
Previous assessed
$24,400,977
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$5,465,558
Assessed improvement
$18,935,419
Land market value
$5,465,558
Improvement market value
$18,935,419
Total market value
$24,400,977
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1973
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
89,577 SF
Lot
13.07 ac (569,329 SF)
Zoning code
IX-3
APN
0778.04-61-4460 0087560
UPID
US53-0732445
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning 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
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$19.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$49.4M
RESTAURANT
Est. value
$48.7M
RETAIL STORES
Est. value
$35.2M
COMMERCIAL (GENERAL)
Est. value
$29.1M
MEDICAL BUILDING
Est. value
$28.3M
AUTO REPAIR, GARAGE
Est. value
$26.4M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
1973
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
13.07 ac
Current owner
From public records · entity-resolved
8605 Ebenezer Church Road LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7200 ACC BLVD #101, RALEIGH, NC 27617-8736
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
$32,500,000
8605 Ebenezer Church Road LLC
Arbor Rdu Ebenezer Church Road A Ll
Special Warranty Deed
—
Jul 7, 2022
$25,500,000
Arbor Rdu Ebenezer Church Road A Ll
Long Beverage INC
Special Warranty Deed
$18,225,600 · Ameris Bank
Feb 7, 2020
$11,950,000
Long Beverage INC
Qapla LLC
Grant Deed
—
Feb 7, 2020
—
Long Beverage INC
Qapla LLC
Grant Deed
related
—
May 26, 2010
$3,750,000
Qapla LLC
Rosalinde & Arthur Gilbert Fou
Grant Deed
—
Jul 17, 2002
—
Rosalinde
Rosalinde
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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