Property profile

2909 Millbrook Rd Raleigh, NC 27604

OFF-MARKET
Turn key restaurants
Property ID
US53-1093910
11,080 SF 2.95 ac lot Built 1993
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Construction FRAME
Total area 11,080 SF
Lot 2.95 ac (128,502 SF)
Zoning code IX-3
APN 1726.14-34-7784 0195511
UPID US53-1093910

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

2909 Millbrook Rd Raleigh, NC 27604-2815
Raleigh metro Census 54018 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.31M
Blend (final) Blend
$950k

Owner & transaction history

Zoning & alternative use

IX-3 · Raleigh, NC
Zoning description

The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities

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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