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    Property profile & analytics

    1101 Hillsborough St Raleigh, NC 27603-2568

    • Garden apartment buildings
    • 32,917 SF
    • 1.74 lot acres
    OFF-MARKET
    Value Estimation
    $13,165,000
    Last Sale
    Nov 18, 2022
    $12,000,000
    Location Intelligence
    Property ID
    US53-1575250
    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

    • Grosvenor Gardens Apartments / Apartment Complex

    Property Details for 1101 Hillsborough St

    Year built
    1938
    Construction
    BRICK
    Lot size
    1.74 lot acres
    Property size
    32,917 SF
    Zone code
    RX-3
    Property type
    Garden apartment buildings
    APN
    1703.06-29-5526 0026901
    APU
    1703062955260026901

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $13,560,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,090,000
      6.5%
      $11,385,000
      7%
      $12,710,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,440,000
      Geo Method
      $13,850,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,400,000
      Retail
      $13,125,000
      Mixed-Use
      $10,975,000
      Hospitality
      $11,820,000
      Educational
      $11,395,000
      Residential Income
      $12,680,000
      Energy
      $11,255,000
      Income-Based Land
      $13,365,000
      Food Service
      $11,135,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6544
    Latitude
    35.7815
    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
    $30,459
    $3,100,000
    $2,261,225
    $5,361,225
    -
    $3,100,000
    $2,261,225
    $5,361,225

    Comparable in this City

    • Value Estimation by Request
      8,904 SF

      200 Small Pne Dr

      GARDEN APT, COURT APT (5+ UNITS) • 8,904 SF
      200 Small Pne Dr, Raleigh, NC 27603-4472
      View Details
    • Value Estimation by Request
      3,016 SF

      709 Sardis Dr

      GARDEN APT, COURT APT (5+ UNITS) • 3,016 SF
      709 Sardis Dr, Raleigh, NC 27603-2717
      View Details
    • Value Estimation by Request
      10,500 SF

      817 Hillsborough St Sta, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 10,500 SF
      817 Hillsborough St Sta, Raleigh, NC 27603-1646
      View Details
    • Value Estimation by Request
      7,368 SF

      705 Morgan St

      GARDEN APT, COURT APT (5+ UNITS) • 7,368 SF
      705 Morgan St, Raleigh, NC 27603-0002
      View Details
    • Value Estimation by Request
      6,028 SF

      611 Ln St

      GARDEN APT, COURT APT (5+ UNITS) • 6,028 SF
      611 Ln St, Raleigh, NC 27603-1448
      View Details
    • Value Estimation
      $355,000
      3,348 SF

      617 Wn St

      GARDEN APT, COURT APT (5+ UNITS) • 3,348 SF
      617 Wn St, Raleigh, NC 27603-2193
      View Details

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    Similar Nearby for Lease

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      1,352 SF

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      Raleigh Flex/Warehouse Space Available

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    • Contact for pricing
      10,024 SF

      Raleigh Executive Office Suites

      Prime Raleigh Office Space Available
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    • $33 SF/Yr
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      High-visibility retail space in prime Raleigh location.
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      Flex/industrial space available for lease in Raleigh, North Carolina.
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      View Details
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    Raleigh, NC 27603-2568
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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