124 Mine Lk Ct Raleigh, NC 27615-6417
Property profile & analytics
124 Mine Lk Ct Raleigh, NC 27615-6417
- Office buildings
- 4,000 SF
Property ID
US53-1300258
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.
Location Intelligence
Current Use by Public Records
- Capital Asset Management Corporation / Financial Advisor
Property Details for 124 Mine Lk Ct
- Year built
- 1983
- Construction
- FRAME
- Property size
- 4,000 SF
- Zone code
- OX-3
- Property type
- Office buildings
- APN
- 1707.15-53-5862 0129994
- APU
- 1707155358620129994
Description
This exceptional 4,000-square-foot executive office condo, situated at 124 Mine Lake Ct in Raleigh, NC 27615, presents a compelling investment opportunity. Built in 1983 and spanning two stories, this property boasts a desirable O&I-3 zoning designation. The building features a striking brick exterior and offers convenient access via both a front and back entrance. Recent upgrades include freshly painted walls, brand new windows throughout, and a completely renovated lobby area. The interior is thoughtfully designed with pre-built cubicles and private offices, providing immediate functionality for any business. Ample parking is available with 22 spaces. Significant investments have been made in the building's infrastructure, including a roof replacement in 2013 (with a 20-year warranty on the shingles) and four HVAC units installed between 2012 and 2016. Located in a thriving North Raleigh neighborhood, this property benefits from its proximity to numerous residential areas, attractions, and restaurants, making it an ideal location for both employees and clients. This is a rare opportunity to acquire a well-maintained, updated executive office space in a highly sought-after area of Wake County. The property's strong features and prime location make it an excellent choice for businesses seeking a sophisticated and functional workspace.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $700,000
- ML approach
- $705,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $930,000
- 6.5%
- $860,000
- 7%
- $800,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $556,000
- AI Estimate
- $528,000
Market price range: $556k - $946kMarket price range: $529k - $1.06M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $755,000 Current use
- AUTO REPAIR, GARAGE
- $1,180,000 Change: +57% Conversion: Difficult
- WAREHOUSE, STORAGE
- $900,000 Change: +20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6436
- Latitude
- 35.8757
- 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
$4,270
$0.00
$391,752
$391,752
-
$0.00
$391,752
$391,752
