Property profile

1408 Hillsborough St Raleigh, NC 27605

OFF-MARKET
Investment properties
Property ID
US53-0969448
3,348 SF 0.24 ac lot Built 1914
Individually Owned Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1914
Construction BRICK
Total area 3,348 SF
Lot 0.24 ac (10,454 SF)
Zoning code OX-3
APN 1704.17-10-7449 0001784
UPID US53-0969448

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
  • Charitable Organization
  • Advocacy Group
  • Food Bank Charitable Organization

Location

1408 Hillsborough St Raleigh, NC 27605-1829
Raleigh metro Census 51200 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$715k
Comparable Approach Comparable
$612k
Blend (final) Blend
$700k

Owner & transaction history

Zoning & alternative use

OX-3 · Raleigh, NC
Zoning description

The OX-3 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options

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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