Financial
Distress signals
Property profile

2900 Spg Frst Rd Raleigh, NC 27616

OFF-MARKET
Retail space
Property ID
US53-5497162
23,736 SF 2.05 ac lot Built 1997
Last sale Aug 2025 · $7,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This neighborhood retail center in Raleigh, North Carolina, is located at 2900 Spring Forest Road and fronts Spring Forest Road. The property is configured as a multi-tenant retail center with seven tenants and includes a diversified operating mix that encompasses medical/healthcare-related uses, restaurant/food service, and service-oriented businesses. The tenancy structure is described as NNN, indicating a defined net-leased framework for managing tenant occupancy and related responsibilities.

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 · 2023

What does the county charge?
$30k
Tax billed · 2023
Assessed value$2.74M
Assessed land$715k
Assessed improvement$2.03M
Effective rate1.09%

Value estimate

· Sep 2026
$5.04M
$4.54M – $5.54M
AI approach$5.04M
CAP approach$6.48M
Submarket $/SF estimate$4.85M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$393/SF
Submarket average, outlier-cleaned · 174 recorded sales of this use type
Observed band · Q1–Q3$198 – $672

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 agency15.8
Parking Facility14.9
Law Firm14.8

Location

2900 Spg Frst Rd Raleigh, NC 27616-1895
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7129 Cheviot Hls, Raleigh, NC 27616-5874 $4,500,000 Dec 2025 6,860 SF
4801 Leigh, Raleigh, NC 27616-2884 $2,300,000 Feb 2025 8,100 SF
5613 Capital Blvd, Raleigh, NC 27616-2933 $18,790,000 Mar 2024 10,224 SF
5420 Capital, Raleigh, NC 27616 $15,600,000 Mar 2024 6,655 SF
5501 Capital, Raleigh, NC 27616-1970 $11,900,000 Oct 2022 12,955 SF
7513 Ramble, Raleigh, NC 27616-4304 $3,539,000 Feb 2021 6,471 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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