Property profile

1930 Wake Frst Rd Raleigh, NC 27608

OFF-MARKET
Turn key restaurants
Property ID
US53-0951393
3,348 SF 1.24 ac lot Built 1924
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1924
Construction BRICK
Total area 3,348 SF
Lot 1.24 ac (54,014 SF)
Zoning code IX-3
APN 1714.05-18-4795 0027101
UPID US53-0951393

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
  • Restaurant
  • Home Decor Store Furniture & Home Goods

Location

1930 Wake Frst Rd Raleigh, NC 27608-2732
Raleigh metro Census 51800 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

IX-3 · Raleigh, NC
Zoning description

The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities

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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