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Property profile & analytics
OFF-MARKET
Estimated value
$9,935,000
Strip malls
9650 Strickland Rd Ste 147 Raleigh, NC 27615-1903
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1056831
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Construction
CONCRETE BLOCKS
Total area
60,106 SF
Lot
6.32 ac (275,299 SF)
Zoning code
CX-5
APN
1708.13-14-7344 0200631
UPID
US53-1056831
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.94M
Owner & transaction history
Gri Harvest LLC · 6 yrs held
Gri Harvest LLC
since 2019
3 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
$165 / 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
$138,065
Tax year 2023
Assessed value
$12,666,532
Assessed 2023
Previous assessed
$12,666,532
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,220,999
Assessed improvement
$9,445,533
Land market value
$3,220,999
Improvement market value
$9,445,533
Total market value
$12,666,532
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1999
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
60,106 SF
Lot
6.32 ac (275,299 SF)
Zoning code
CX-5
APN
1708.13-14-7344 0200631
UPID
US53-1056831
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
1999
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.32 ac
Current owner
From public records · entity-resolved
Gri Harvest LLC
Entity
Free & Clear · 6 yrs held
Mailing address
7200 WISCONSIN AVE STE #600, BETHESDA, MD 20814-4845
Ownership since
2019
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 18, 2019
$42,000
Gri Harvest LLC
Scp York Harvest LLC
Grant Deed
—
Sep 16, 2015
$15,600,000
Scp York Harvest LLC
Harvest Oaks Drive Assocs LLC
Trustees Deed
related
$10,300,000 · Miscellaneous Ins Co
—
—
Gri Harvest LLC
—
Deed Of Trust
related
$10,500,000 · Carter Bk&tr
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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