Property profile

2421 Spg Frst Rd Raleigh, NC 27615

OFF-MARKET
Drive through restaurants
Property ID
US53-1325012
1,027 SF 0.55 ac lot Built 1988
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,027 SF
Lot 0.55 ac (23,958 SF)
Zoning code CX-3
APN 1716.08-88-9407 0170982
UPID US53-1325012

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
  • Bakery Take-out & Catering

Location

2421 Spg Frst Rd Raleigh, NC 27615-7540
Raleigh metro Census 54018 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

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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