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Property profile & analytics
OFF-MARKET
Estimated value
$5,040,000
Office buildings
9051 Strickland Rd, Raleigh, NC 27615-2084
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1235889
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
BRICK
Total area
25,164 SF
Lot
2.07 ac (90,169 SF)
Zoning code
OX-5
APN
1708.18-41-6689 0040047
UPID
US53-1235889
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
-
Paige Campion with Towne Mortgage of the Carolinas Loan Service Bank
-
Doug Anderson with Towne Mortgage of the Carolinas Loan Service Bank
-
Cheryl Ellington with Towne Mortgage of the Carolinas Loan Service Bank
-
Precision Endodontics of Raleigh Dental Office
-
Doyle Law Group, P.A. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.42M
Comparable Approach
Comparable
$4.86M
Blend (final)
Blend
$5.04M
Owner & transaction history
HOA Pham · 7 yrs held
HOA Pham
since 2018
7 recorded transactions
Zoning & alternative use
OX-5 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.2M
+72.2%
Medical building
$7.9M
+67.5%
Auto repair, garage
$7.4M
+56.6%
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%
$5,865,000
6.5%
$5,415,000
7%
$5,025,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,740,000
Current use
COMMERCIAL (GENERAL)
$8,160,000
Change: +72% · Conversion: Easy
MEDICAL BUILDING
$7,935,000
Change: +67% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,420,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$5.04M
Range $4.54M – $5.54M · ±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
$200 / 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
$45,712
Tax year 2023
Assessed value
$4,193,758
Assessed 2023
Previous assessed
$4,193,758
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$901,690
Assessed improvement
$3,292,068
Land market value
$901,690
Improvement market value
$3,292,068
Total market value
$4,193,758
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
25,164 SF
Lot
2.07 ac (90,169 SF)
Zoning code
OX-5
APN
1708.18-41-6689 0040047
UPID
US53-1235889
Jurisdiction
WAKE
Zoning & alternative use
OX-5 · Raleigh, NC
Zoning OX-5 · permitted uses
OX-5 · 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
OFFICE BUILDING Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.4M
OFFICE BUILDING Current
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
2002
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.07 ac
Current owner
From public records · entity-resolved
HOA Pham
Individual
Mailing address
8319 6TH FRKS RD STE #201, RALEIGH, NC 27615-2108
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
—
Zebra Properties LLC
—
Deed
related
$3,945,000 · United Bk
Oct 1, 2018
$650,000
HOA Pham
Jpmorgan Chase Bk Natl Assn
Grant Deed
—
Aug 19, 2009
—
Zebra Properties LLC
—
Deed Of Trust
related
$2,775,911 · Suntrust Bank NA
May 4, 2005
—
W R Gay
—
Trustees Deed
related
$755,104 · Suntrust Bank NA
Mar 20, 2002
$1,600,000
Zebra Properties LLC
Zebra Properties
Grant Deed
related
—
—
—
Zebra Properties LLC
—
Deed Of Trust
related
$2,932,500 · First South Bk
—
—
Zebra Properties LLC
—
Deed Of Trust
related
$3,025,000 · Central Carolina Bank & Trust
—
—
Zebra Properties LLC
—
Deed Of Trust
related
$3,200,000 · New Century Bank
—
—
Zebra Properties LLC
—
Deed Of Trust
related
$3,945,000 · United 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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