Property profile

1317 Hillsborough St Raleigh, NC 27605

OFF-MARKET
Turn key restaurants
Property ID
US53-5772156
2,136 SF 0.29 ac lot Built 1967
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1967
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,136 SF
Lot 0.29 ac (12,632 SF)
Zoning code CX-5
APN 1704.17-10-8117 0042597
UPID US53-5772156

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1317 Hillsborough St Raleigh, NC 27605
Raleigh metro Census 51000 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2023
6 recorded transactions
2023
$2.5M
2017
Price N/A
2011
Price N/A
2007
$1.1M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CX-5 · Raleigh, NC
Zoning description

ility Sec. 3.3.1. Applicability Each Mixed Use District must include one of the following height designations. The designation establishes the maximum height in stories and feet for each mixed use district. For example,…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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