Property profile

1516 Glenwood Ave Raleigh, NC 27608

OFF-MARKET
Specialty properties
Property ID
US53-0572091
3,969 SF 0.28 ac lot Built 1949
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 1949
Construction BRICK
Total area 3,969 SF
Lot 0.28 ac (12,197 SF)
Zoning code OX-3
APN 1704.11-56-0289 0174421
UPID US53-0572091

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
  • Veterinary Clinic
  • Veterinary Clinic
  • Veterinary Clinic

Location

1516 Glenwood Ave Raleigh, NC 27608-2338
Raleigh metro Census 51800 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.06M

Owner & transaction history

since 2023
Last sale
$1.1M
2 recorded transactions
2023
$1.1M
2009
$190,000

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
Top alternative use upside
Retail stores $875,000 +160.8%
Commercial (general) $855,000 +154.8%

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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