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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Investment properties
9308 Fairbanks Dr Raleigh, NC 27613-5247
Entity Owned
17-yr Hold
Property ID
US53-0658566
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1974
Construction
BRICK
Total area
3,278 SF
Lot
2.67 ac (116,305 SF)
Zoning code
NX-3
APN
0788.17-02-6472 0081039
UPID
US53-0658566
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
-
Professional Homestaging and Design Interior Design Home Decor Store
-
Father & Son Custom Painting Painting
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$643k
Blend (final)
Blend
$550k
Owner & transaction history
Fairbanks Ents INC · 17 yrs held
Fairbanks Ents INC
since 2008
3 recorded transactions
Zoning & alternative use
NX-3 · 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
$365,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$168 / 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
$10,954
Tax year 2023
Assessed value
$1,001,262
Assessed 2023
Previous assessed
$1,001,262
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$816,461
Assessed improvement
$184,801
Land market value
$816,461
Improvement market value
$184,801
Total market value
$1,001,262
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1974
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
7
Bathrooms
4
Total area
3,278 SF
Lot
2.67 ac (116,305 SF)
Zoning code
NX-3
APN
0788.17-02-6472 0081039
UPID
US53-0658566
Jurisdiction
WAKE
Zoning & alternative use
NX-3 · Raleigh, NC
Zoning NX-3 · permitted uses
NX-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.
Building & site characteristics
From public records
Year built
1974
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
7
Bathrooms
4
Lot
2.67 ac
Current owner
From public records · entity-resolved
Fairbanks Ents INC
Entity
Mailing address
9308 FAIRBANKS DR, RALEIGH, NC 27613-5247
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2008
$235,000
Fairbanks Ents INC
Kennedy,christine W
Warranty Deed
$250,000 · Trustatlantic Bk
Aug 1, 2001
—
Christine W Kennedy
Kennedy,christin
Quit Claim Deed
related
—
—
—
Christine W Kennedy
—
Deed Of Trust
related
$303,582 · Suntrust Bank NA
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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