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    Property profile & analytics

    1205 Martin Luther King Jr Blvd Raleigh, NC 27610-3942

    • Medical offices
    • 6,670 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimation
    $5,130,000
    Last Sale
    Sep 06, 2024
    $5,000,000
    Location Intelligence
    Property ID
    US53-5078865
    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

    • Medical offices

    Property Details for 1205 Martin Luther King Jr Blvd

    Year built
    2023
    Construction
    FRAME
    Lot size
    1.28 lot acres
    Property size
    6,670 SF
    Zone code
    OX-3
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1713.14-24-9804 0461288
    APU
    1713142498040461288

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,670,000
      6.5%
      $4,780,000
      7%
      $5,275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,590,000
      Geo Method
      $5,625,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,110,000
      Retail
      $4,660,000
      Mixed-Use
      $5,480,000
      Hospitality
      $5,905,000
      Educational
      $5,690,000
      Residential Income
      $4,525,000
      Energy
      $4,720,000
      Income-Based Land
      $4,605,000
      Food Service
      $5,965,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6194
    Latitude
    35.7685
    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
    2024
    $19,622
    $889,882
    $1,369,461
    $2,259,343
    -
    $889,882
    $1,369,461
    $2,259,343

    Comparable in this City

    • Value Estimation by Request
      88,596 SF

      23 Sunnybrook Rd

      MEDICAL BUILDING • 88,596 SF
      23 Sunnybrook Rd, Raleigh, NC 27610-1855
      View Details
    • Value Estimation by Request
      53,045 SF

      3020 New Bern Ave

      MEDICAL BUILDING • 53,045 SF
      3020 New Bern Ave, Raleigh, NC 27610-1215
      View Details
    • Value Estimation by Request
      15,814 SF

      3401 Carl Sandburg Ct

      MEDICAL BUILDING • 15,814 SF
      3401 Carl Sandburg Ct, Raleigh, NC 27610-2049
      View Details
    • Value Estimation
      $1,965,000
      4,022 SF

      2600 New Bern Ave

      MEDICAL BUILDING • 4,022 SF
      2600 New Bern Ave, Raleigh, NC 27610-1821
      View Details
    • Value Estimation
      $215,000
      1,334 SF

      3828 New Bern Ave

      MEDICAL BUILDING • 1,334 SF
      3828 New Bern Ave, Raleigh, NC 27610-1335
      View Details
    • Value Estimation by Request
      12,326 SF

      3012 Falstaff Rd

      MEDICAL BUILDING • 12,326 SF
      3012 Falstaff Rd, Raleigh, NC 27610-1813
      View Details

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    • New
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    Raleigh, NC 27610-3942
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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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