Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Church and School Near Five Points Title is generated by Realmo AI

    219 Georgetown, Raleigh, NC 27608

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Church and school campus suitable for assembly uses and education.

    Type:Commercial
    Property size:
    9,004 SF
    Lot size:
    0.90 Acres
    Added:
    Jul 16, 2025
    Days on Market:
    324
    Last Refresh:
    Apr 5 at 9:27 pm

    Property Features for 219 Georgetown

    General Information

    Standard status
    Active
    Size
    9,004 SF
    Lot size
    0.90 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    NASH W PATTON

    Listing agent NASH W PATTON

    Listing office SHELTON PROPERTIES BY KW

    Listing date Jul 16, 2025

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of SHELTON PROPERTIES BY KW

    HighLights

    • Move‑in ready church and school campus in a desirable Raleigh location near Five Points.
    • Large main church building (±8,293 SF) with worship center (170+ seating), fellowship hall, and fully equipped, upgraded kitchen.
    • 44+ parking spaces on ±0.90 acres, plus additional street parking.
    • School house (±711 SF) with attached playground, ideal for early education or childcare.
    • Recent improvements (2020‑2023) including roof replacement, HVAC updates, parking lot resurfacing, and upgraded kitchen.
    • Zoned for assembly use, offering flexibility for various organizations (church, school, daycare).

    Overview

    Located minutes from Raleigh's Five Points, this property offers a church and school campus suitable for a variety of assembly uses. The property, totaling 9,004 square feet on 0.90 acres, includes 44+ parking spaces and is zoned for assembly use. The main church building encompasses 8,293 square feet and features a worship center with gallery seating for 170+, a choir loft/balcony, a spacious fellowship hall, and a fully equipped kitchen with new countertops and cabinetry. The school house provides 711 square feet of space with an attached playground, suitable for early education or childcare programs. The property also includes 4 versatile rooms, 2 private offices, and a dedicated Mother's Room. Outdoor amenities feature a paved courtyard, picnic area, and recently replaced fencing. Recent improvements from 2020-2023 include roof replacement, bipolar ionizer air cleaner system, partial HVAC replacement, new carpet, parking lot resurfacing, an emergency exit added to the sanctuary, upgraded kitchen and cabinetry, and gutter guards and carport repairs. Additional features include video systems and a Martin Audio sound system. Furniture, fixtures, and equipment are negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6327
    Latitude
    35.8059

    Nearby Similar for Sale

    • $3,900,000
      11,200 SF

      Modern Flex Building in Raleigh

      Built in 2021, suitable for industrial, office, retail.
      4550 Preslyn Drive, Raleigh, NC 27616
      View Details
    • $895,000
      2,025 SF

      Raleigh Commercial Building Near Downtown

      2,025 SF commercial building near Downtown Raleigh for sale.
      405 Morson Street, Raleigh, NC 27601
      View Details
    • $659,000
      2,727 SF

      Classic Brick Triplex Near Downtown

      Three-unit apartment building near downtown Raleigh and NC State University.
      850 Athens Drive, Raleigh, NC 27606
      View Details
    • $199,999
      526 SF

      Renovated Office Suite For Sale

      Recently renovated office suite in a desirable Raleigh location.
      111 Windel Drive, Raleigh, NC 27609
      View Details
    • $3,450,000
      13,800 SF

      Pre-Leased Student Housing Duplex Community

      Purpose-built student housing with private bedroom bathrooms and large outdoor living areas, nearly fully pre-leased for 2026–2027.
      3605 Burt Drive, Raleigh, NC 27606
      View Details
    • $969,000
      2,513 SF

      Updated Duplexes Near Downtown Raleigh

      Four updated units on two deeded lots near Chavis Park.
      509 Cape Avenue, Raleigh, NC 27601
      View Details
    • $370,000
      1,176 SF

      Furnished Office Condo in Raleigh

      Move-in ready office condo in a prime North Raleigh location.
      7000 Harps Mill Road, Raleigh, NC 27615
      View Details
    • $500,000
      1,641 SF

      Raleigh Duplex: Investment Opportunity

      Duplex in Raleigh, NC. One unit rented, one vacant.
      841 Barringer Drive, Raleigh, NC 27606
      View Details
    • $825,000
      1,944 SF

      Duplex Income Property

      Duplex on RX-3 zoned land with in-place leases extending through July 18, 2027.
      2217 Garden Place, Raleigh, NC 27607
      View Details
    • $650,000
      1,890 SF

      Versatile Office/Flex Condo in Raleigh

      1,890 sq ft end-unit, ideal for various business uses.
      148 Annaron Court, Raleigh, NC 27603
      View Details
    • $549,000
      2,344 SF

      Renovated Duplex Near Downtown Raleigh

      Turnkey investment opportunity with two renovated units on 0.33-acre lot.
      3408 Atlantic Avenue, Raleigh, NC 27604
      View Details
    • $370,000
      1,182 SF

      Move-in Ready Office Condo

      Beautifully decorated, fully furnished office condo in prime location.
      7000 Harps Mill Road, Raleigh, NC 27615
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Church and school campus suitable for assembly uses and education.
    Where is this church & religious facility located?
    The property is located at 219 Georgetown Raleigh, NC.
    What are key features of this property?
    This property features: Move‑in ready church and school campus in a desirable Raleigh location near Five Points.; Large main church building (±8,293 SF) with worship center (170+ seating), fellowship hall, and fully equipped, upgraded kitchen.; 44+ parking spaces on ±0.90 acres, plus additional street parking.
    (864) 574-6000
    We can help!
    Listing Contact
    NASH W PATTON
    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.
    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

    Thank You for Inquiry
    219 Georgetown, Raleigh, NC 27608
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!