Property profile

216 Russ St Raleigh, NC 27610

OFF-MARKET
Commercial land
Property ID
US53-1208498
3,900 SF 0.24 ac lot Built 1950
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1950
Total area 3,900 SF
Lot 0.24 ac (10,454 SF)
Zoning code IH
APN 1713.07-58-5032 0024852
UPID US53-1208498

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

216 Russ St Raleigh, NC 27610-2732
Raleigh metro Census 52001 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$560k

Owner & transaction history

since 2009
2 recorded transactions
2009
Price N/A
2009
Price N/A

Zoning & alternative use

IH · Raleigh, NC
Zoning description

Heavy Industrial (IH) The IH District is intended to accommodate high-impact manufacturing, industrial or other uses, including extractive and waste-related uses, which are not properly associated with or are not compati…

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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