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Financial
Distress signals
Property profile

1406 Smith Reno Rd Raleigh, NC 27603

OFF-MARKET
Other warehouses
Property ID
US53-0954667
12,981 SF 1.64 ac lot Built 1999
Last sale Jul 2026 · $4,435,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an industrial flex facility located in Raleigh, North Carolina, south of I-40 off Lake Wheeler Road. It is situated on a 1.64-acre lot and totals approximately 12,981 square feet, including 964 square feet of office/reception space, 4,733 square feet of indoor warehouse space with a loading dock, and 6,033 square feet of outdoor covered storage space that can be enclosed if needed. The site includes paved, dedicated parking (15 or more spaces), along with access to additional…

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?
$21k
Tax billed · 2023
Assessed value$1.90M
Assessed land$643k
Assessed improvement$1.26M
Effective rate1.09%

Value estimate

· Oct 2026
$4.25M
$3.83M – $4.68M
AI approach$4.25M
Submarket $/SF estimate$3.38M

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

Recently sold

What actually traded nearby?
$196/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$115 – $273
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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.0
Spa & Massage16.3
Law Firm15.6

Location

1406 Smith Reno Rd Raleigh, NC 27603-7732
County assessor Recorded deeds · 2 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21 Rupert, Raleigh, NC 27603-3629 $2,675,000 Jun 2024 10,311 SF
1221 Home, Raleigh, NC 27603-4541 $45,000 Mar 2024 10,200 SF
834 Purser, Raleigh, NC 27603-4176 $2,150,000 Dec 2023 10,000 SF
2025 Carr Pur, Raleigh, NC 27603-8885 $479,000 Sep 2023 9,500 SF
5909 Barber Brg, Raleigh, NC 27603-8393 $227,500 Sep 2022 9,680 SF
2840 Wilmington, Raleigh, NC 27603-3551 $597,000 Jun 2022 11,500 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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