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Financial
Distress signals
Property profile

1620 Martin Luther King Jr Blvd Raleigh, NC 27610

OFF-MARKET
Retail space
Property ID
US53-2067582
9,600 SF 1.23 ac lot Built 2003
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$1.30M
Assessed land$313k
Assessed improvement$984k
Effective rate1.09%

Value estimate

· Oct 2026
$660k
$594k – $726k
Submarket $/SF estimate$1.83M

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

Recently sold

What actually traded nearby?
$289/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$191 – $456
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NX-3
The NX-3 is intended to provide for a variety of residential, retail, service andcommercial uses all within walking distance of residenti...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency37.8
Building Supply30.7
Dental Office30.1

Location

1620 Martin Luther King Jr Blvd Raleigh, NC 27610-3946
County assessor Recorded deeds · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1601 New Bern, Raleigh, NC 27610-2537 $253,500 Aug 2024 11,650 SF
1905 Poole, Raleigh, NC 27610-2723 $1,960,000 Jul 2023 7,800 SF
4309 New Bern, Raleigh, NC 27610-1445 $1,996,000 Dec 2021 13,242 SF
3051 New Bern, Raleigh, NC 27610-1214 $5,279,500 Dec 2021 9,735 SF
3110 New Bern, Raleigh, NC 27610-1200 $4,350,000 Nov 2021 16,440 SF
4101 New Bern, Raleigh, NC 27610-1328 $1,060,000 Oct 2021 6,666 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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