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Financial
Distress signals
Property profile

1600 Poole Rd Raleigh, NC 27610

FOR SALE
Garden apartment buildings
Property ID
US53-0147288
5,760 SF 0.45 ac lot Built 1984
Last sale Feb 2023 · $1,250,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This eight-unit apartment building, located at 1600 Poole Rd in Raleigh, NC (27610), presents a compelling investment opportunity. The property, built in 1984, encompasses 5,900 square feet on a 0.45-acre lot (APN: 1713.06-38-9209 0075002). All eight units are two-bedroom, one-bathroom apartments, each featuring laundry hookups and open floor plans. Currently boasting 100% occupancy, the average rent per unit is $1,057, significantly below the Raleigh fair market rent of $1,646 for a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$688k
Assessed land$224k
Assessed improvement$464k
Effective rate1.11%

Value estimate

· Oct 2026
$1.21M
$1.08M – $1.33M
AI approach$1.26M
CAP approach$920k
NOI build-up
Gross scheduled income$117k
Vacancy & credit loss−$6k
Operating expenses−$50k
NOI · 5.32% cap applied$61k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,690/SF
Submarket average, outlier-cleaned · 110 recorded sales of this use type
Observed band · Q1–Q3$202 – $3,292
Qualifying comparables7

Cap rate analysis

How does the asset earn?
5.32%
$61k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RX-3
RX-3 is a mixed residential district intended to provide for a variety ofresidential building types and housing options at density in exc...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.1
Building Supply11.5
Electrical Service10.4

Location

1600 Poole Rd Raleigh, NC 27610
County assessor Recorded deeds · 6 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
564 Dacian, Raleigh, NC 27610-0031 $2,150,000 Nov 2024 6,032 SF
1401 Sawyer, Raleigh, NC 27610-0060 $3,500,000 Nov 2023 5,916 SF
1409 Sawyer, Raleigh, NC 27610-0057 $500,000 May 2022 5,916 SF
1410 Carnage, Raleigh, NC 27610-0058 $500,000 May 2022 5,916 SF
1405 Sawyer, Raleigh, NC 27610-0059 $500,000 May 2022 5,916 SF
567 Dacian, Raleigh, NC 27610-3539 $900,000 Nov 2021 6,032 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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