Property profile

133 Hargett St Raleigh, NC 27601

OFF-MARKET
Investment properties
Property ID
US53-1541778
3,192 SF 0.04 ac lot Built 1926
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,333-square-foot retail space at 133 E Hargett St in downtown Raleigh, NC, presents a unique investment opportunity. Located in Wake County, this single-tenant property, formerly home to Remedy Diner, offers a versatile layout ideal for a variety of retail or restaurant concepts. The ground floor boasts ample space for customer interaction and sales, complemented by valuable basement storage for inventory or supplies. The upper level provides additional space, adaptable as office suites or a single large office, bathed in natural light from its charming vintage windows. The building's history adds character and potential for branding opportunities. The property's central location in Raleigh's vibrant downtown core ensures high visibility and accessibility to a dense population and significant foot traffic. This is a chance to acquire a well-situated, historically significant building with substantial potential for growth and return. The property is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's specific needs. The address is 133 E Hargett St, Raleigh, NC 27601. This is a single-tenant commercial property with a total building square footage of 1,333 square feet. All 1,333 square feet are currently vacant.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1926
Construction BRICK
Total area 3,192 SF
Lot 0.04 ac (1,742 SF)
Zoning code DX-7
APN 1703.35-78-6492 0040373
UPID US53-1541778

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Roofing Company General Contractor

Location

133 Hargett St Raleigh, NC 27601-1439
Raleigh metro Census 50100 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$680k
Comparable Approach Comparable
$381k
Blend (final) Blend
$575k

Owner & transaction history

since 2023
Last sale
$12,800
2 recorded transactions
2023
$12,800
2018
$960,000

Zoning & alternative use

DX-7 · Raleigh, NC

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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