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Property profile & analytics

105 Bloodworth St Raleigh, NC 27601-1503

  • Investment properties
  • 3,672 SF
  • 0.15 lot acres
OFF-MARKET
Last Sale
Nov 30, 2020
$1,040,000
Value Estimations
$1,100,000
Show details
Cap Rate Potential
3.7%
Investment properties
Location Intelligence
Property ID
US53-2114901
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Intake Health / Biotechnology Company / Medical Technology Manufacturer
  • Sherpa Collaborative / Accounting Firm / Marketing Agency
  • Saad Law / Criminal Justice Attorney / Attorney
  • Portraits South / Portrait Studio

Property Details for 105 Bloodworth St

Year built
1900
Construction
FRAME
Lot size
0.15 lot acres
Property size
3,672 SF
Zone code
OX-3
Property type
Investment properties
Property subtype
Live-work space
APN
1703.36-88-8687 0039502
APU
1703368886870039502

Description

This exceptional 3,672 square foot, two-story executive office building is situated in the heart of downtown Raleigh, North Carolina, at 105 S Bloodworth St, zip code 27601. Built in 1900 and boasting a charming historic character, this property offers a unique blend of old-world appeal and modern functionality. The building features nine total office suites, four of which are currently rented on a month-to-month basis, presenting immediate income potential. High ceilings (12 feet downstairs, 9 feet upstairs) create spacious and inviting work environments. Multiple operable gas fireplaces add warmth and ambiance, while a full kitchen and full bath upstairs provide added convenience. Six paved parking spaces are located at the rear of the building, supplemented by ample street parking. An ADA-compliant lift at the rear deck ensures accessibility. The building sits on a 0.15-acre lot and features a durable slate roof. The property is zoned OX-3-DE and is conveniently located just a block from Moore Square, surrounded by a vibrant mix of restaurants, businesses, and residential areas. A walk-up attic provides additional storage space. This property represents a rare opportunity to acquire a well-maintained, income-producing office building in a prime downtown Raleigh location. The building's history includes a previous location on the Peace College campus, relocating to its current address in the 1970s.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,365,000
    ML approach
    $1,440,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $845,000
    6.5%
    $780,000
    7%
    $725,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,519,000
    Market price range: $780k - $1.78M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $1,190,000
    Current use
    RETAIL STORES
    $1,445,000
    Change: +21% Conversion: Easy
    MEDICAL BUILDING
    $1,160,000
    Change: -3% Conversion: Easy
    AUTO REPAIR, GARAGE
    $1,085,000
    Change: -9% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Raleigh
County
Wake
State
North Carolina
Longitude
-78.633
Latitude
35.779
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,697
$849,420
$317,459
$1,166,879
-
$849,420
$317,459
$1,166,879
More about this property
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