New search
Property profile & analytics
FOR LEASE
Skating rinks
912 Hodges St, Raleigh, NC 27608
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1814155
For Lease
1 / 2
$1,160,000
912 Hodges St, Raleigh, NC 27608
View Listing →
Property profile
Verified
Property type
Skating rinks
Use group
SKATING RINK, ICE SKATING, ROLLER SKATING
Year built
1979
Construction
METAL FRAME
Total area
33,750 SF
Lot
13.28 ac (578,477 SF)
Zoning code
OX-7
APN
1715.17-11-7286 0094282
UPID
US53-1814155
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.16M
Owner & transaction history
Bin-hodges LLC · 5 yrs held
Bin-hodges LLC
since 2021
7 recorded transactions
Zoning & alternative use
OX-7 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,715,000
Current use
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$34 / 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
$59,885
Tax year 2023
Assessed value
$5,494,024
Assessed 2023
Previous assessed
$5,494,024
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$4,501,586
Assessed improvement
$992,438
Land market value
$4,501,586
Improvement market value
$992,438
Total market value
$5,494,024
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
Skating rinks
Use group
SKATING RINK, ICE SKATING, ROLLER SKATING
Status
For Lease
Year built
1979
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
33,750 SF
Lot
13.28 ac (578,477 SF)
Zoning code
OX-7
APN
1715.17-11-7286 0094282
UPID
US53-1814155
Jurisdiction
WAKE
Zoning & alternative use
OX-7 · Raleigh, NC
Zoning OX-7 · permitted uses
OX-7 · 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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.7M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
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
1979
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
1
Lot
13.28 ac
Current owner
From public records · entity-resolved
Bin-hodges LLC
Entity
Free & Clear · 5 yrs held
Mailing address
500 E MOREHEAD ST STE #200, CHARLOTTE, NC 28202-3353
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2021
—
Bin-hodges LLC
Ammons Ventures LLC
Grant Deed
—
Apr 8, 2021
$3,000,000
Bin-hodges LLC
Ammons Ventures LLC
Grant Deed
—
Dec 6, 2018
—
Ammons Ventures LLC
—
Deed
related
$3,000,000 · Select Bk
May 5, 2016
$2,884,000
Ammons Ventures LLC
Threequartersfull Props LLC
Grant Deed
—
Mar 22, 2016
—
Threequartersfull Propse LLC
Ammons,jeff
Quit Claim Deed
related
—
Jul 2, 2012
$1,400,000
Threequartersfull Props LLC
Atlas Union Spe LLC
Grant Deed
$1,120,000 · Branch Banking & Trust Co
May 24, 2011
$3,095,755
Atlas Nc I Spe LLC
Cohen,donna R
Trustees Deed
—
Jan 12, 2011
—
Four Boys LLC
—
Trustees Deed
related
$10,000 · Charles W Darden
—
—
Ammons Ventures LLC
—
Deed Of Trust
related
$3,000,000 · Select Bk
—
—
Four Boys LLC
—
Deed Of Trust
related
$2,082,351 · Harrington Bank Fsb
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
