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Financial
Distress signals
Property profile

1904 New Hope Church Rd Raleigh, NC 27609

OFF-MARKET
Other warehouses
Property ID
US53-1980715
50,501 SF 3.31 ac lot Built 1973
Last sale Nov 2022 · $5,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This flex space property comprises approximately 11,000 SF of showroom area and approximately 39,501 SF of warehouse space within a single building, configured to support a range of showroom, storage, distribution, and industrial uses subject to applicable requirements. The property is located at 1904 New Hope Church Rd in Raleigh, approximately 1 mile from the 440 beltline, providing access to the broader Raleigh, Durham, and Chapel Hill business area within the Triangle region.

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 · 2023

What does the county charge?
$43k
Tax billed · 2023
Assessed value$3.91M
Assessed land$1.30M
Assessed improvement$2.61M
Effective rate1.09%

Value estimate

· Oct 2026
$7.36M
$6.62M – $8.10M
AI approach$7.41M
CAP approach$6.04M
Submarket $/SF estimate$8.65M

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

Recently sold

What actually traded nearby?
$226/SF
Submarket average, outlier-cleaned · 207 recorded sales of this use type
Observed band · Q1–Q3$147 – $356
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?
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: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store14.6
Storage Facility13.3
Parking Facility13.1

Location

1904 New Hope Church Rd Raleigh, NC 27609-2529
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

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2828 Industrial, Raleigh, NC 27609-7816 $7,415,000 Jul 2025 41,616 SF
3548 Bush, Raleigh, NC 27609-7509 $3,250,000 Dec 2024 20,936 SF
5508 Otters Run, Raleigh, NC 27609-4100 $1,910,000 May 2024 21,200 SF
705 6th Frks, Raleigh, NC 27609-7831 $1,750,000 Dec 2023 28,640 SF
5250 Old Wake Frst, Raleigh, NC 27609-5275 $2,950,000 Jun 2022 23,400 SF
3600 Tarheel, Raleigh, NC 27609-7517 $1,210,000 Sep 2021 23,528 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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