Property profile

2921 Glenwood Ave Raleigh, NC 27608

OFF-MARKET
Office buildings
Property ID
US53-3857461
11,070 SF 3.93 ac lot Built 1955
Individually Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1955
Construction STONE
Total area 11,070 SF
Lot 3.93 ac (171,191 SF)
Zoning code RX-3
APN 0795.16-93-4710 0090314
UPID US53-3857461

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
  • Volunteer Organization Community Center

Location

2921 Glenwood Ave Raleigh, NC 27608-1009
Raleigh metro Census 51501 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.87M
Blend (final) Blend
$2.60M

Owner & transaction history

since 2015
1 recorded transaction
2015
$325,000

Zoning & alternative use

RX-3 · Raleigh, NC
Zoning description

RX-3 is a mixed residential district intended to provide for a variety ofresidential building types and housing options at density in excess of 10dwelling units per acre

General category MIXED_USE
Top alternative use upside
Commercial (general) $3.6M +66.3%
Medical building $3.5M +61.7%
Auto repair, garage $3.3M +51.1%

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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