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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Community centers
8741 Brier Crk Pkwy Raleigh, NC 27617-7318
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US53-5320825
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2007
Construction
BRICK
Total area
6,318 SF
Lot
0.88 ac (38,333 SF)
Zoning code
CX-5
APN
0768.03-23-7660 0300138
UPID
US53-5320825
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
-
CYCLEBAR Cycling Facility Gym & Fitness Center
-
WAX DAY Hair Salon
-
Emergency Dentist Now Dental Office
-
Tea Q Boba Cafe & Coffee Shop
-
Princess Nail Bar Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Palon Real Estate Dev LLC · 18 yrs held
Palon Real Estate Dev LLC
since 2008
5 recorded transactions
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$207 / 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
$19,379
Tax year 2023
Assessed value
$1,777,915
Assessed 2023
Previous assessed
$1,777,915
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$767,210
Assessed improvement
$1,010,705
Land market value
$767,210
Improvement market value
$1,010,705
Total market value
$1,777,915
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,318 SF
Lot
0.88 ac (38,333 SF)
Zoning code
CX-5
APN
0768.03-23-7660 0300138
UPID
US53-5320825
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
Building & site characteristics
From public records
Year built
2007
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Palon Real Estate Dev LLC
Entity
Mailing address
1656 CHANNING AVE, PALO ALTO, CA 94303-2804
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
—
Palon Real Estate Development LLC
—
Deed
related
$1,170,000 · Standard Insurance Co
Dec 5, 2017
—
Palon Real Estate Dev LLC
—
Deed
related
$1,325,000 · Xenith Bk
Jan 11, 2008
$2,250,000
Palon Real Estate Dev LLC
Hayco Realty Ltd
Grant Deed
$1,575,000 · Midfirst Bank State Savings Bk
—
—
Hayco Realty Ltd
—
Deed Of Trust
related
$10,809 · Texas Capital Bank NA
—
—
Palon Real Estate Dev LLC
—
Deed Of Trust
related
$1,325,000 · Xenith Bk
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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