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Property profile & analytics
OFF-MARKET
Estimated value
$27,030,000
Outlet malls
8651 Brier Crk Pkwy Raleigh, NC 27617-7325
Entity Owned
22-yr Hold
Free & Clear
Property ID
US53-1262757
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2003
Construction
CONCRETE BLOCKS
Total area
134,319 SF
Lot
13.25 ac (577,170 SF)
Zoning code
CX-5
APN
0768.03-33-4614 0296780
UPID
US53-1262757
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
-
AT&T Kiosk Mobile Phone Store Electronics & Wireless Store
-
CVS Pharmacy Pharmacy
-
Susanna L. Horne, Pharm Pharmacy
-
Samantha Arrington, PharmD Pharmacy
-
Kristi Ward, Pharm Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.55M
Comparable Approach
Comparable
$26.55M
Blend (final)
Blend
$27.03M
Owner & transaction history
TARGET CORPORATION
TARGET CORPORATION
Zoning & alternative use
CX-5 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ility Sec. 3.3.1. Applicability Each Mixed Use District must include one of the following height designations. The designation establishes the maximum height in stories and feet for each mixed use district. For example, CX-5 has a maximum height limit of 5 stories and 80 feet. -3 3 stories / 50 feet max -4 4 stories / 68 feet max -5 5 stories / 80 feet max -…
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
418.09 ac
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$37,425,000
6.5%
$34,545,000
7%
$32,080,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$43,565,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$42,360,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$27.03M
Range $24.33M – $29.73M · ±10%
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
$201 / 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
$136,778
Tax year 2023
Assessed value
$12,548,431
Assessed 2023
Previous assessed
$12,548,431
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$9,015,107
Assessed improvement
$3,533,324
Land market value
$9,015,107
Improvement market value
$3,533,324
Total market value
$12,548,431
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2003
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
134,319 SF
Lot
13.25 ac (577,170 SF)
Zoning code
CX-5
APN
0768.03-33-4614 0296780
UPID
US53-1262757
Jurisdiction
WAKE
Zoning & alternative use
CX-5 · Raleigh, NCZoning CX-5 · permitted uses
CX-5 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ility Sec. 3.3.1. Applicability Each Mixed Use District must include one of the following height designations. The designation establishes the maximum height in stories and feet for each mixed use district. For example, CX-5 has a maximum height limit of 5 stories and 80 feet. -3 3 stories / 50 feet max -4 4 stories / 68 feet max -5 5 stories / 80 feet max -7 7 stories -12 12 stories -20 20 stories -30 30 stories -40 40 stories The height r
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
418.09 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$43.6M
MEDICAL BUILDING
Est. value
$42.4M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2003
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
13.25 ac
Current owner
From public records · entity-resolved
TARGET CORPORATION
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 9456, MINNEAPOLIS, MN 55440-9456
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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