Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1613 Ronald Dr Raleigh, NC 27609-6224
    Back to Search
    Property profile & analytics

    1613 Ronald Dr, Raleigh, NC 27609-6224

    View on Map
    • Investment properties
    • 2,026 SF
    • 0.45 lot acres
    Off-Market
    Last Sale May 1, 2025
    $760,000
    Property ID
    US53-1503996
    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
    $600,000
    Show details
    Cap Rate Potential
    4.8%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Samuel's Auto service and state Inspections / Auto Repair Shop
    • Fun Cars Transmission Repair / Auto Repair Shop
    • Alston's Automotive / Auto Repair Shop
    • Rent Fun Cars / Car Dealership

    Property Details for 1613 Ronald Dr

    Year built
    1963
    Construction
    FRAME
    Lot size
    0.45 lot acres
    Zone code
    CX-3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1716.19-50-9403 0001874
    APU
    1716195094030001874

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 31, 2025 $760,000 Joelle Holdings LLC Emad Ayad Special Warranty Deed $420k · Velocity Commercial Capital LLC
    Jul 31, 2025 — Joella Holdings LLC — Deed · related $336k · Capital Community Bank
    Jun 13, 2023 $600,000 Emad Ayad Fun Cars LLC Warranty Deed —
    Jan 3, 2019 — Celeste Reinholtz & Fun Cars L — Deed · related $265k · Yuying Zhang
    Jun 28, 2018 $305,000 Fun Cars LLC Cooper Charles A Warranty Deed $265k · Yuying Zhang
    — — Celeste Reinholtz & Fun Cars L — Deed Of Trust · related $265k · Yuying Zhang

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $580,000
      ML approach
      $625,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $465,000
      6.5%
      $430,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $447,000
      Market price range: $430k - $980k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $655,000
      Current use
      RETAIL STORES
      $795,000
      Change: +21% Conversion: Easy
      AUTO REPAIR, GARAGE
      $595,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6089
    Latitude
    35.8387
    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
    $3,641
    $172,184
    $174,006
    $346,190
    -
    $172,184
    $174,006
    $346,190

    Comparable in this City

    • Value Estimation by Request
      2,259 SF

      1705 Pacific Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      1705 Pacific Dr, Raleigh, NC 27609-8106
      View Details
    • Value Estimation by Request
      1,486 SF

      1513 Ronald Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      1513 Ronald Dr, Raleigh, NC 27609-6222
      View Details
    • Value Estimation by Request
      1,934 SF

      1715 Pacific Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      1715 Pacific Dr, Raleigh, NC 27609-8106
      View Details
    • Value Estimation by Request
      1,745 SF

      5024 Old Wake Frst Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      5024 Old Wake Frst Rd, Raleigh, NC 27609-4926
      View Details
    • Value Estimation by Request
      2,238 SF

      5312 Fls Of Neuse Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      5312 Fls Of Neuse Rd, Raleigh, NC 27609-4756
      View Details
    • Value Estimation by Request
      1,500 SF

      5212 6th Frks Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      5212 6th Frks Rd, Raleigh, NC 27609-4432
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,018 SF

      Raleigh Commercial Space For Sale

      Versatile 6,018 sqft commercial space in Raleigh's Six Forks/Falls.
      1665 N Market Dr, Raleigh, NC 27609
      View Details
    • $900,000
      3,128 SF

      Medical Office Condo Investment Opportunity

      Well-maintained medical office condo in prime Raleigh location for sale.
      3396 Six Forks Rd, Raleigh, NC 27609
      View Details
    • Contact for pricing
      50,501 SF

      Raleigh Industrial Flex Space

      50,001 SF Flex Space - NNN Lease
      1904 New Hope Church Rd, Raleigh, NC 27609
      View Details
    • $199,900
      1,036 SF

      Office Condo in North Raleigh

      Office condo for sale in North Raleigh, great investment opportunity.
      1100 Logger Ct, Raleigh, NC 27609
      View Details
    • Contact for pricing
      54,506 SF

      Raleigh Flex/Warehouse Distribution Center

      Two-property flex/warehouse distribution center in Raleigh's Midtown East.
      2905 Industrial Dr, Raleigh, NC 27609
      View Details
    • $589,500

      Land For Sale

      Land available for sale.
      1005 Temple St, Raleigh, NC 27609
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use and Industrial Buildings

      Mixed-use and light industrial buildings in Midtown Raleigh.
      3014 Industrial Dr, Raleigh, NC 27609
      View Details
    • Contact for pricing

      Mixed-Use and Industrial Buildings

      15 mixed-use and light industrial buildings in Midtown Raleigh.
      3101 Industrial Dr, Raleigh, NC 27609
      View Details
    • Contact for pricing
      86,079 SF

      Modern Office Space in Raleigh

      Office space at The Exchange Raleigh, a modern, vibrant crossroads.
      3301 Benson Dr, Raleigh, NC 27609
      View Details
    • Contact for pricing

      Premier North Raleigh Office Space

      High-visibility office space in North Raleigh near retail amenities.
      5909 Falls Of Neuse Rd, Raleigh, NC 27609
      View Details
    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail or restaurant space available for lease.
      5003 Falls Of Neuse Rd, Raleigh, NC 27609
      View Details
    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.
    1613 Ronald Dr
    Raleigh, NC 27609-6224
    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
    1613 Ronald Dr, Raleigh, NC, 27609
    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!