New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,775,000
Warehouses
1904 New Hope Church Rd, Raleigh, NC 27609-2529
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1980715
Property summary
AI-generated overview
This exceptional 50,501 square foot flex space in Raleigh, NC, offers a prime location with easy access to I-440, I-540, and Capital Boulevard. The single-story, 1974-built building sits on a 3.43-acre lot and features 8 loading docks and 8 dock-high doors, complemented by a 20-foot ceiling height. The property boasts approximately 11,000 square feet of showroom space and approximately 39,501 square feet of warehouse space, ideal for a variety of industrial and flex uses. Its convenient location in Northeast Raleigh, just one mile from the 440 beltline, places it within the thriving Triangle region, benefiting from strong industrial growth, a robust job market, and the expanding Research Triangle Park. The property is zoned IX-3 and offers ample parking and building access with road frontage on New Hope Church Road and St. Albans Drive. This property is available for sale or lease on a NNN basis. The property's APN is 1715.07-68-2976-000.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
METAL FRAME
Total area
50,501 SF
Lot
3.31 ac (144,184 SF)
Zoning code
IX-3
APN
1715.07-68-2976 0173930
UPID
US53-1980715
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.41M
CAP Approach
CAP
$6.04M
Comparable Approach
Comparable
$8.65M
Blend (final)
Blend
$6.78M
Owner & transaction history
New Hope Church Road Properties LLC · 3 yrs held
New Hope Church Road Properties LLC
since 2022
Last sale
$5.6M
6 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,360,000
ML approach
$7,405,000
CAP Approach
CAP Return
Estimation
6%
$6,540,000
6.5%
$6,040,000
7%
$5,605,000
Blend value · Realmo final
$6.78M
Range $6.10M – $7.45M · ±10% · vs last sale $5.60M (Nov 7 2022)
Last sale anchor
$5.60M
Nov 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$134 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$42,580
Tax year 2023
Assessed value
$3,906,430
Assessed 2023
Previous assessed
$3,906,430
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,297,656
Assessed improvement
$2,608,774
Land market value
$1,297,656
Improvement market value
$2,608,774
Total market value
$3,906,430
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
50,501 SF
Lot
3.31 ac (144,184 SF)
Zoning code
IX-3
APN
1715.07-68-2976 0173930
UPID
US53-1980715
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
3.31 ac
Current owner
From public records · entity-resolved
New Hope Church Road Properties LLC
Entity
Mailing address
3600 GLENWOOD AVE STE #320, RALEIGH, NC 27612-4957
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$5,600,000
New Hope Church Road Properties LLC
1904 New Hope Associates LLC
Special Warranty Deed
related
$5,450,000 · First Capital Bank
Nov 7, 2022
—
New Hope Church Road Properties LLC
—
Deed
related
$250,000 · First Capital Bank
Jun 23, 2017
—
1904 New Hope Associates LLC
—
Deed
related
$2,000,000 · Paragon Com'l Bk
May 28, 2015
$3,200,000
1904 New Hope Associates LLC
Ragland W Trent III & Wes T
Grant Deed
—
—
—
Ragland W T III
—
Deed Of Trust
related
$1,500,000 · Wachovia Bank NA
—
—
1904 New Hope Associates LLC
—
Deed Of Trust
related
$2,000,000 · Paragon Com'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1904 New Hope Church Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
