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Financial
Distress signals
Property profile

2315 Atlantic Ave Raleigh, NC 27604

OFF-MARKET
Distribution centers
Property ID
US53-5679709
127,875 SF 4.7 ac lot Built 1973
Last sale May 2025 · $20,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional retail property, located at 2315 Atlantic Avenue in Wake County, offers a substantial 38,135 square feet of single-tenant space currently available for lease. The building presents a unique opportunity for a business seeking a significant footprint. The space is entirely vacant, allowing for complete customization to suit a tenant's specific needs. While the property includes a 3,000 square foot office area, it requires rehabilitation. The building boasts impressive…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$136k
Tax billed · 2024
Assessed value$15.82M
Assessed land$8.60M
Assessed improvement$7.22M
Effective rate0.86%

Value estimate

· Oct 2026
$15.65M
$14.09M – $17.22M
CAP approach$15.29M
Submarket $/SF estimate$10.46M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$227/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$120 – $332

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?
IX-3
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.7
Veterinary Clinic9.0
Watch Repair Shop8.8

Location

2315 Atlantic Ave Raleigh, NC 27604-1407
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file 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
1053 Whitaker Ml, Raleigh, NC 27604-5311 $35,000,000 Jun 2025 179,220 SF
2100 Harrod, Raleigh, NC 27604-1726 $10,500,000 Jan 2024 89,017 SF
1711 Corporation, Raleigh, NC 27604-4986 $17,500,000 Aug 2022 165,000 SF
1320 Hodges, Raleigh, NC 27604-1414 $2,200,000 Sep 2021 14,764 SF
4301 Atlantic, Raleigh, NC 27604-1755 $11,700,000 Sep 2019 92,408 SF
2114 Atlantic, Raleigh, NC 27604-1554 $9,750,000 May 2019 59,245 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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