Financial
Distress signals
Property profile

2114 Atlantic Ave Raleigh, NC 27604

OFF-MARKET
Distribution centers
Property ID
US53-0039246
59,245 SF 6.77 ac lot Built 1957
Last sale May 2019 · $9,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Raleigh industrial property, located at 2114 Atlantic Avenue, offers 157,093 square feet of warehouse space in two single-story buildings. The property sits on 6.77 acres of land and is classified as Class B. Built in 1957 and renovated in 1965, it features a 20-foot ceiling height, making it ideal for various industrial uses. The property boasts 18 loading docks with 18 dock-high doors, along with one drive-in door, and ample parking with 60 spaces. Power is provided by…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$124k
Tax billed · 2024
Assessed value$14.28M
Assessed land$9.29M
Assessed improvement$4.99M
Effective rate0.87%

Value estimate

· Oct 2026
$8.44M
$7.60M – $9.28M
CAP approach$7.09M
Submarket $/SF estimate$6.22M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$227/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$120 – $332
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CX-20
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office22.3
Pharmacy14.3
Law Firm13.7

Location

2114 Atlantic Ave Raleigh, NC 27604-1554
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1053 Whitaker Ml, Raleigh, NC 27604-5311 $35,000,000 Jun 2025 179,220 SF
2100 Harrod, Raleigh, NC 27604-1726 $10,500,000 Jan 2024 89,017 SF
1711 Corporation, Raleigh, NC 27604-4986 $17,500,000 Aug 2022 165,000 SF
1320 Hodges, Raleigh, NC 27604-1414 $2,200,000 Sep 2021 14,764 SF
4301 Atlantic, Raleigh, NC 27604-1755 $11,700,000 Sep 2019 92,408 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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