Property profile

1705 Millbrook Rd Raleigh, NC 27609

OFF-MARKET
Turn key restaurants
Property ID
US53-1005297
4,390 SF 1.76 ac lot Built 1993
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Construction FRAME
Total area 4,390 SF
Lot 1.76 ac (76,666 SF)
Zoning code NX-3
APN 1716.15-64-7717 0005502
UPID US53-1005297

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
  • Wedding Service
  • Take-out & Catering Catering Service

Location

1705 Millbrook Rd Raleigh, NC 27609-4957
Raleigh metro Census 54004 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$631k
Blend (final) Blend
$555k

Owner & transaction history

since 2014
7 recorded transactions
2017
Price N/A
2017
Price N/A
2016
Price N/A
2014
$1.3M
2001
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

NX-3 · Raleigh, NC
Zoning description

The NX-3 is intended to provide for a variety of residential, retail, service andcommercial uses all within walking distance of residential neighborhoods

General category MIXED_USE

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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