Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1432 Curfman St Raleigh, NC 27603
    Back to Search
    Property profile & analytics

    1432 Curfman St Raleigh, NC 27603

    View on Map
    • Commercial real estate
    • 0.21 lot acres
    For Sale
    $1,200,000
    View Listing →
    Vacant Lot Near Downtown Raleigh For Sale
    $1,200,000
    0.21 Acres

    Vacant Lot Near Downtown Raleigh

    Vacant lot near Dix Park and Farmers Market.

    1432 Curfman Street, Raleigh, NC 27603
    View Listing
    Property ID
    US53-5448355
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1432 Curfman St

    Lot size
    0.21 lot acres
    Property type
    Commercial real estate
    APN
    1703234376

    Description

    This exceptional 0.21-acre commercial land parcel, located at 1432 Curfman St in Raleigh, North Carolina, presents a unique investment opportunity. Situated in Wake County, zip code 27603, this property boasts an advantageous R-6 zoning designation, opening doors to a variety of development possibilities. The lot measures approximately 60 feet by 150 feet, providing ample space for various commercial ventures. Its proximity to Dorothea Dix Park adds significant value, offering potential for increased visibility and accessibility. The property's Assessed Parcel Number (APN) is 1703234376. This vacant land is priced at $963,000 and represents a compelling chance to acquire a strategically located commercial site in a thriving Raleigh neighborhood. The property's coordinates are 35.764267251023 latitude and -78.65426923681487 longitude. Serious inquiries are encouraged to explore the full potential of this promising investment. The property is ready for development and offers a blank canvas for a discerning investor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.654269236815
    Latitude
    35.764267251023

    Comparable in this City

    • $2,400,000
      10.00 Acres

      Raleigh Land with Development Potential

      10-acre parcel suitable for residential, commercial, or special use.
      408 Johnston Rd, Raleigh, NC 27603
      View Details
    • $4,797,000

      Raleigh Land Parcel For Sale

      Land parcel available for sale in Raleigh, North Carolina.
      7608 Fayetteville Rd, Raleigh, NC 27603
      View Details
    • Contact for pricing

      Land on Banks Rd, Raleigh

      Land offers potential for subdivision and future development.
      2805 Banks St, Raleigh, NC 27603
      View Details
    • $250,000
      0.05 Acres

      Homesite in Growing Downtown South

      Homesite in Caraleigh Commons, minutes from Downtown Raleigh.
      1612 Ellen Dawson Way, Raleigh, NC 27603
      View Details
    • $700,000
      8.08 Acres

      Raleigh Land Subdivision Opportunity

      Large lot in South Raleigh with subdivision potential.
      2805 Banks Rd, Raleigh, NC 27603
      View Details
    • New
      $750,000
      1.21 Acres

      Raleigh Land Near Costco

      1.21 acre wooded lot near major intersection.
      7625 Fayetteville Rd, Raleigh, NC 27603
      View Details

    Similar Nearby for Sale

    • $2,400,000
      10.00 Acres

      Raleigh Land with Development Potential

      10-acre parcel suitable for residential, commercial, or special use.
      408 Johnston Rd, Raleigh, NC 27603
      View Details
    • $4,797,000

      Raleigh Land Parcel For Sale

      Land parcel available for sale in Raleigh, North Carolina.
      7608 Fayetteville Rd, Raleigh, NC 27603
      View Details
    • $6,000,000

      Raleigh Land Parcel For Sale

      Land parcel available for sale in Raleigh, North Carolina.
      2521 Lake Wheeler Rd, Raleigh, NC 27603
      View Details
    • $750,000

      Land for Sale

      Land available for purchase in Raleigh, North Carolina.
      7625 Fayetteville Rd, Raleigh, NC 27603
      View Details
    • Contact for pricing

      Prime Commercial Development Opportunity

      5-acre commercial land for sale at signalized intersection.
      4921 N Nc 42 Hwy, Raleigh, NC 27603
      View Details
    • $50,000
      1.21 Acres

      Raleigh Land Subdivision Opportunity

      Large lot near Raleigh with subdivision potential.
      2809 Banks Rd, Raleigh, NC 27603
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr

      Industrial Flex Space For Rent

      21,520 SF industrial/flex building minutes from downtown Raleigh.
      3305 Durham Dr, Raleigh, NC 27603
      View Details
    • Contact for pricing
      13,273 SF

      Downtown Raleigh Office Space Available

      13,273 SF office space for rent in downtown Raleigh.
      323 West Jones St, Raleigh, NC 27603
      View Details
    • Contact for pricing
      173,731 SF

      Creative Office Space in Raleigh

      LEED Gold-certified creative office space in Downtown Raleigh's Warehouse District.
      120 South St West, Raleigh, NC 27603
      View Details
    • Contact for pricing
      8,798 SF

      Retail Space on Hillsborough Street

      Retail property available for lease in Raleigh, North Carolina.
      301 Hillsborough St, Raleigh, NC 27603
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1432 Curfman St
    Raleigh, NC 27603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1432 Curfman St, Raleigh, NC, 27603
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!