Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9700 Fls Of Neuse Rd Raleigh, NC 27615-2470

    • Retail properties
    • 87,226 SF
    • 8.93 lot acres
    OFF-MARKET
    Value Estimations
    $10,630,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1120909
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kohl's / Department Store

    Property Details for 9700 Fls Of Neuse Rd

    Year built
    2001
    Construction
    CONCRETE BLOCKS
    Lot size
    8.93 lot acres
    Property size
    87,226 SF
    Zone code
    CX-3
    Property type
    Retail properties
    APN
    1718.02-85-4129 0240218
    APU
    1718028541290240218

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6001
    Latitude
    35.9068
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $76,089
    $4,300,879
    $2,679,781
    $6,980,660
    -
    $4,300,879
    $2,679,781
    $6,980,660

    Comparable in this City

    • Value Estimation by Request

      9600 Falls Of Neuse Rd

      Retail properties
      9600 Falls Of Neuse Rd, Raleigh, NC 27615
      View Details
    • Value Estimation by Request
      109,501 SF

      Fls Of Neuse Rd. & Durant Rd

      Retail properties • 109,501 SF
      0 Fls Of Neuse Rd. & Durant Rd, Raleigh, NC 27615
      View Details
    • Value Estimation by Request
      0.40 Acres

      6 Frk Rd. & Strickland Rd

      Individual retail properties • 468,314 SF
      0 6 Frk Rd. & Strickland Rd, Raleigh, NC 27615
      View Details
    • Value Estimation
      $620,000
      4,800 SF

      2951 Rowland Rd, Unit A

      AUTO REPAIR, GARAGE • 4,800 SF
      2951 Rowland Rd, Raleigh, NC 27615-5730
      View Details
    • Value Estimation
      $760,000
      7,688 SF

      8551 Colonnade Ctr Dr

      FINANCIAL BUILDING • 7,688 SF
      8551 Colonnade Ctr Dr, Raleigh, NC 27615-3051
      View Details
    • Value Estimation
      $2,895,000
      20,017 SF

      8800 Harvest Oaks Dr

      RETAIL STORES (PERSONAL SERVICES) • 20,017 SF
      8800 Harvest Oaks Dr, Raleigh, NC 27615-2074
      View Details

    Similar Nearby for Sale

    • $387,500
      Pending

      Residential Lot in North Ridge

      Desirable 0.28 acre lot to build your custom home.
      Bent Pine Pl, Raleigh, NC 27615
      View Details
    • $1,550,000
      0.55 Acres

      Golf Course View Homesite

      Rare opportunity to build a legacy estate overlooking golf course.
      7021 Rainwater Rd, Raleigh, NC 27615
      View Details
    • Contact for pricing
      185,637 SF

      Second-Generation Medical Space Available

      Hard-to-find medical space with significant economic advantages in a dynamic community.
      8300 Health Park, Raleigh, NC 27615
      View Details
    • $550,000
      2,000 SF

      Two-Story Office Condo For Sale

      Two-story office condo in North Raleigh, ample parking.
      140 Wind Chime Ct, Raleigh, NC 27615
      View Details
    • $340,000
      0.36 Acres

      Raleigh Land in Litchford Forest

      Flat 0.36 acre lot zoned R-4 near North Hills.
      6309 Johnsdale Rd, Raleigh, NC 27615
      View Details
    • $345,000
      0.36 Acres

      Raleigh Land in Litchford Forest

      0.36 acre lot near North Hills and Downtown Raleigh.
      6311 Johnsdale Rd, Raleigh, NC 27615
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,181 SF

      Raleigh Retail Space for Lease

      High-traffic retail space in prime location.
      9600 Falls Of Neuse Rd, Raleigh, NC 27615
      View Details
    • Contact for pricing
      468,314 SF

      Six Forks Station Retail Space

      North Raleigh retail center; high traffic.
      0 6 Frk Rd. & Strickland Rd, Raleigh, NC 27615
      View Details
    • $37 SF/Yr
      20,000 SF

      Prime Raleigh Retail Space

      10 Suites, 15,050 SF Available, Class A
      2309 Spring Forest Rd, Raleigh, NC 27615
      View Details
    • $23 SF/Yr
      6,313 SF

      Prime Raleigh Executive Suites

      Class A Office Space, 6,313 SF Available
      7200 Falls Of Neuse Rd, Raleigh, NC 27615
      View Details
    • Contact for pricing
      185,000 SF

      8300 Health Park: Premier Office Space

      North Raleigh medical office building, multiple suites available.
      8300 Health Park, Raleigh, NC 27615
      View Details
    • Contact for pricing
      61,090 SF

      Warehouse Space with High Ceilings

      Available warehouse space with 30-foot ceilings and ample loading docks.
      3401 Gresham Lake Rd, Raleigh, NC 27615
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9700 Fls Of Neuse Rd
    Raleigh, NC 27615-2470
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.