Financial
Distress signals
Property profile

1129 Corporation Pkwy Raleigh, NC 27610

OFF-MARKET
Other warehouses
Property ID
US53-2443075
14,000 SF 2.71 ac lot Built 1998
Last sale Aug 2026 · $680,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of two combined 1,200 sq. ft. units, for a total of 2,400 sq. ft., configured for foodservice back-of-house operations. The space was previously used as a catering facility and includes commercial kitchen support features such as an exhaust hood, grease trap, multiple sinks, and substantial preparation area, along with a large walk-in refrigerator/freezer. A roll-up door provides convenient loading and receiving access. The units are located within a condominium association.

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

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Oct 2026
$120k
$108k – $132k
Submarket $/SF estimate$3.00M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$214/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$145 – $308
Qualifying comparables7

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.1
Realty agency13.0
HVAC Service12.1

Location

1129 Corporation Pkwy Raleigh, NC 27610-1381
County assessor · not on file Recorded deeds · 9 transfers 7 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
500 New Hope, Raleigh, NC 27610-6400 $3,100,000 Jul 2025 13,500 SF
704 Beacon Lk, Raleigh, NC 27610-1373 $710,000 Mar 2023 19,256 SF
1203 New Hope, Raleigh, NC 27610-1413 $1,738,000 Feb 2023 15,600 SF
1512 Garner, Raleigh, NC 27610-3918 $625,000 Apr 2022 19,091 SF
5420 Old Poole, Raleigh, NC 27610-3270 $2,400,000 Mar 2022 12,500 SF
5008 New Bern, Raleigh, NC 27610-1432 $2,678,000 Dec 2021 10,620 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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