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    Property profile & analytics

    1407 Hillsborough St Raleigh, NC 27605-1828

    • Medical offices
    • 4,167 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $2,025,000
    Last Sale
    Feb 18, 2022
    $1,870,000
    Location Intelligence
    Property ID
    US53-0402492
    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

    • Roberson & Associates Family & Cosmetic Dentistry / Dentist
    • Grayson Nichols, LCSW, CPCC / Psychotherapist / Counselor
    • Dr. Christine Dittmer / Neurologist
    • Elizabeth A. Tatum LCMHC / Psychotherapist
    • Eating Disorders Counseling / Counselor / Psychologist

    Property Details for 1407 Hillsborough St

    Year built
    1912
    Construction
    FRAME
    Lot size
    0.37 lot acres
    Property size
    4,167 SF
    Zone code
    OX-3
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1704.17-10-5361 0005925
    APU
    1704171053610005925

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,115,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,005,000
      6.5%
      $1,770,000
      7%
      $1,805,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,840,000
      Geo Method
      $1,880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,830,000
      Retail
      $1,670,000
      Mixed-Use
      $1,690,000
      Hospitality
      $1,595,000
      Educational
      $2,050,000
      Residential Income
      $2,095,000
      Energy
      $1,795,000
      Income-Based Land
      $1,610,000
      Food Service
      $1,705,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6575
    Latitude
    35.7836
    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
    $18,536
    $967,504
    $527,308
    $1,494,812
    -
    $967,504
    $527,308
    $1,494,812

    Comparable in this City

    • Value Estimation
      $360,000
      1,400 SF

      867 Washington St Sta, Unit A

      MEDICAL BUILDING • 1,400 SF
      867 Washington St Sta, Raleigh, NC 27605-1255
      View Details
    • Value Estimation
      $11,955,000
      10,142 SF

      601 Oberlin Rd

      MEDICAL BUILDING • 10,142 SF
      601 Oberlin Rd, Raleigh, NC 27605-1126
      View Details
    • Value Estimation by Request
      4,870 SF

      219 Oberlin Rd

      MEDICAL BUILDING • 4,870 SF
      219 Oberlin Rd, Raleigh, NC 27605-1646
      View Details
    • Value Estimation by Request
      42,790 SF

      505 Oberlin Rd

      MEDICAL BUILDING • 42,790 SF
      505 Oberlin Rd, Raleigh, NC 27605
      View Details
    • Value Estimation by Request
      700 SF

      867 Washington St, Unit B

      MEDICAL BUILDING • 700 SF
      867 Washington St, Raleigh, NC 27605-1255
      View Details
    • Value Estimation
      $215,000
      1,246 SF

      883 Washington St Ste B

      MEDICAL BUILDING • 1,246 SF
      883 Washington St Ste B, Raleigh, NC 27605-3251
      View Details

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    Similar Nearby for Lease

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      Prime Raleigh office/retail space available.
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      12,784 SF Executive Office - Available Now
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      Office spaces available within 30 days in Raleigh, NC.
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    • $24 SF/Yr
      2,420 SF

      Renovated Office Space on Hillsborough

      Updated office space with parking in prime Raleigh location.
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      View Details
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    Raleigh, NC 27605-1828
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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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