Property profile

2400 Hillsborough St Raleigh, NC 27607

OFF-MARKET
Turn key restaurants
Property ID
US53-2108496
4,860 SF 0.16 ac lot Built 1974
Entity Owned Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1974
Construction BRICK
Total area 4,860 SF
Lot 0.16 ac (6,970 SF)
Zoning code NX-4
APN 0794.20-81-7832 0012483
UPID US53-2108496

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

Location

2400 Hillsborough St Raleigh, NC 27607-7248
Raleigh metro Census 51200 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

Zoning & alternative use

NX-4 · Raleigh, NC
Zoning description

The NX-4 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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