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Financial
Distress signals
Property profile

2642 Saunders St Raleigh, NC 27603

OFF-MARKET
Auto shops
Property ID
US53-0876298
4,150 SF 0.59 ac lot Built 2001
Last sale Mar 2026 · $1,440,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 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

The property is an automotive service facility known as Meineke Auto Care, consisting of a 4,056-square-foot building on a 0.59-acre parcel. It is located at 2642 S Saunders St. in Raleigh, within the Downtown South District, and is positioned relative to I-40. The site is less than one mile from a nearby mixed-use project that includes residential, office, retail, warehouse, and entertainment components. The building is currently occupied under a leased configuration, reflecting an established automotive service operating setup.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$870k
Assessed land$308k
Assessed improvement$562k
Effective rate1.09%

Value estimate

· Oct 2026
$420k
$378k – $462k
AI approach$305k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$295/SF
Submarket average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$155 – $441
Qualifying comparables7

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

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.8
Spa & Massage11.6
Pharmacy11.4

Location

2642 Saunders St Raleigh, NC 27603-2840
County assessor Recorded deeds · 6 transfers 7 qualifying comp sales 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8100 Fayetteville, Raleigh, NC 27603-5636 $1,600,500 Apr 2025 5,546 SF
5100 Fayetteville, Raleigh, NC 27603-4130 $13,500,000 Sep 2024 4,900 SF
6821 Fayetteville, Raleigh, NC 27603-5219 $625,000 Sep 2022 3,240 SF
2601 Renfrow, Raleigh, NC 27603-2831 $573,200 May 2022 3,750 SF
7273 Nc Hwy 42, Raleigh, NC 27603-7386 $540,000 Apr 2021 6,954 SF
906 Capital, Raleigh, NC 27603 $226,000 Dec 2018 2,919 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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