Add Listing
    For Sale
    • 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

    7818 Spungold St Raleigh, NC 27617

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single-family home with fresh paint and fireplace in Raleigh, NC.

    Property size:
    1,969 SF
    Lot size:
    0.04 Acres

    Property Features for 7818 Spungold St

    General Information

    Size
    1,969 SF
    Lot size
    0.04 Acres

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Thomas Shoupe
    Source: Kw

    Listing Agent: Thomas Shoupe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious Home in Desirable Area

    This single-family home, located in a desirable area, features fresh interior paint and a soft, neutral color palette throughout the living area. The property includes a fireplace. The primary bathroom offers extended counter space and under-sink storage. The property size is 1969 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Real Estate Agency Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7702241
    Latitude
    35.9149494

    Nearby Similar for Sale

    • $660,000
      1,833 SF

      Raleigh Commercial Flex Space For Sale

      Commercial flex space with offices, bay door, and mezzanine.
      5621 Departure Dr, Raleigh, NC 27616
      View Details
    • $219,900
      Pending

      Raleigh Office Suite For Sale

      Second-floor office suite with reception area and kitchenette.
      6531 Creedmoor Rd, Raleigh, NC 27613
      View Details
    • $900,000
      3,128 SF

      Medical Office Condo Investment Opportunity

      Well-maintained medical office condo in prime Raleigh location for sale.
      3396 Six Forks Rd, Raleigh, NC 27609
      View Details
    • $343,000
      Pending

      North Raleigh Office Investment Opportunity

      1,200 Sq Ft office space ideal for medical or professional services.
      5640 Six Forks Rd, Raleigh, NC 27609
      View Details
    • $2,400,000
      6,018 SF

      Raleigh Commercial Space For Sale

      Versatile 6,018 sqft commercial space in Raleigh's Six Forks area.
      1665 N Market Dr, Raleigh, NC 27609
      View Details
    • New
      $450,000
      Pending

      Raleigh Duplex with Four Bedrooms

      Duplex in Raleigh, each unit with four bedrooms.
      2812 Ferret Ct, Raleigh, NC 27610
      View Details
    • $700,000
      3,408 SF

      Raleigh Multifamily Investment Opportunity

      Four-unit multifamily property on 1.24 acres in Raleigh.
      626 Maple Ln, Raleigh, NC 27603
      View Details
    • New
      $567,500
      2,234 SF

      Raleigh Duplex Near Crabtree Valley

      Fully leased duplex in prime Raleigh location near Crabtree Valley.
      4012 Arckelton Dr, Raleigh, NC 27612
      View Details
    • $680,000
      3,358 SF

      Raleigh Townhomes: Leased Investment Opportunity

      Fully leased, new construction townhomes in North Raleigh near I-540.
      4820 Gossamer Ln, Raleigh, NC 27616
      View Details
    • $625,000
      1,352 SF

      Raleigh Duplex with Development Potential

      Rental income property with redevelopment possibilities in downtown Raleigh.
      1511 Joe Louis Ave, Raleigh, NC 27610
      View Details
    • $447,500
      936 SF

      Updated Duplex in Downtown Raleigh

      Turnkey duplex in downtown Raleigh, ideal for short-term rentals.
      740 Quarry St, Raleigh, NC 27601
      View Details
    • New
      $245,000
      Pending

      Raleigh Duplex: Investment Opportunity

      Duplex near downtown Raleigh with income potential and recent upgrades.
      325 Ranch Farm Rd, Raleigh, NC 27603
      View Details

    FAQs

    What type of property is this?
    Single family property - Single-family home with fresh paint and fireplace in Raleigh, NC.
    Where is this single family property located?
    The property is located at 7818 Spungold St Raleigh, NC.
    What are key features of this property?
    This property features: - Fresh interior paint breathes new life into this home.; - Cozy up by the fireplace on chilly evenings.; - Neutral color palette provides a versatile backdrop for your personal style.
    Request Owner's contact information
    7818 Spungold St Raleigh, NC 27617
    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.
    7818 Spungold St
    Raleigh, NC 27617
    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
    7818 Spungold St Raleigh, NC 27617
    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

    We can help!
    Listing Contact
    Thomas Shoupe
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!