Property profile

2404 Wake Frst Rd Raleigh, NC 27608

OFF-MARKET
Turn key restaurants
Property ID
US53-0085616
3,210 SF 0.46 ac lot Built 1966
Entity Owned 21-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1966
Construction FRAME
Total area 3,210 SF
Lot 0.46 ac (20,038 SF)
Zoning code CX-3
APN 1715.17-01-9311 0015458
UPID US53-0085616

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

2404 Wake Frst Rd Raleigh, NC 27608-1710
Raleigh metro Census 51800 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2005
1 recorded transaction
2005
$400,000

Zoning & alternative use

CX-3 · Raleigh, NC
Zoning description

The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses

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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