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Property profile & analytics
OFF-MARKET
Estimated value
$5,255,000
Office buildings
9212 Fls Of Neuse Rd, Raleigh, NC 27615-2482
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5823940
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
BRICK
Total area
22,032 SF
Lot
3.35 ac (145,926 SF)
Zoning code
OX-3
APN
1718.15-63-9024 0081381
UPID
US53-5823940
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
-
Seulah Lee Kim Dental Office
-
Kingsview Partners - Raleigh Office Financial Advisor
-
Brier Creek Office-Alexander Office Park Law Firm
-
Lori Walls, Allen Tate/Raleigh-Falls Neuse Real Estate Agency
-
Dr. Seulah Kim Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.74M
Comparable Approach
Comparable
$5.21M
Blend (final)
Blend
$5.26M
Owner & transaction history
OAKSTAR PROPERTIES LLC
OAKSTAR PROPERTIES LLC
Zoning & alternative use
OX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.7M
+108.7%
Commercial (general)
$7.1M
+72.2%
Medical building
$7.0M
+67.5%
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%
$5,135,000
6.5%
$4,740,000
7%
$4,400,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,150,000
Current use
RETAIL STORES
$8,655,000
Change: +109% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,145,000
Change: +72% · Conversion: Easy
MEDICAL BUILDING
$6,950,000
Change: +67% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,495,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$5.26M
Range $4.73M – $5.78M · ±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
$239 / 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
$82,628
Tax year 2023
Assessed value
$7,578,376
Assessed 2023
Previous assessed
$7,578,376
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,428,404
Assessed improvement
$6,149,972
Land market value
$1,428,404
Improvement market value
$6,149,972
Total market value
$7,578,376
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
2006
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
5
Bathrooms
2
Total area
22,032 SF
Lot
3.35 ac (145,926 SF)
Zoning code
OX-3
APN
1718.15-63-9024 0081381
UPID
US53-5823940
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NC
Zoning OX-3 · permitted uses
OX-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
OFFICE BUILDING Current
Est. value
$4.2M
RETAIL STORES
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.5M
OFFICE BUILDING Current
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
2006
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
2
Lot
3.35 ac
Current owner
From public records · entity-resolved
OAKSTAR PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8319 6TH FRKS RD STE #201, RALEIGH, NC 27615-2108
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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