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Financial
Distress signals
Property profile

5621 Departure Dr Raleigh, NC 27616

FOR LEASE
Other warehouses
Property ID
US53-0349309
31,500 SF 3.15 ac lot Built 1999
Last sale Aug 2023 · $350,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years.
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Property summary

AI-generated overview

The property is a commercial building located in North Raleigh, Wake County, off Spring Forest Road. It lies between Spring Forest Road and Oak Forest Drive, near Discovery Drive and close to Highway 1 (Capital Boulevard). The building has a total area of approximately 1,833 square feet.

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.

Debts

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

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Oct 2026
$445k
$401k – $490k
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$1k
Operating expenses−$5k
NOI · 117.32% cap applied$12k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$260/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$172 – $390
Qualifying comparables5

Cap rate analysis

How does the asset earn?
117.32%
$12k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IX-3
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial...
General categoryMIXED_USE
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 Office15.0
Law Firm13.9
Realty agency11.7

Location

5621 Departure Dr Raleigh, NC 27616
County assessor · not on file Recorded deeds · 19 transfers 5 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

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2700 Sumner, Raleigh, NC 27616-3800 $132,689,000 Mar 2025 31,680 SF
2400 Sumner, Raleigh, NC 27616-6675 $132,689,000 Mar 2025 33,220 SF
6541 Meridien, Raleigh, NC 27616-3210 $132,689,000 Mar 2025 28,820 SF
6561 Meridien, Raleigh, NC 27616-3213 $132,689,000 Mar 2025 28,820 SF
6551 Meridien, Raleigh, NC 27616-3484 $132,689,000 Mar 2025 28,820 SF
6521 Meridien, Raleigh, NC 27616-3209 $132,689,000 Mar 2025 28,710 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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