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    Property profile & analytics

    3005 Leonard St Raleigh, NC 27607-0050

    • Garden apartment buildings
    • 5,120 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    $1,000,000
    Last Sale
    Mar 06, 2025
    $1,175,000
    Location Intelligence
    Property ID
    US53-5656567
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 3005 Leonard St

    Year built
    1952
    Construction
    BRICK
    Lot size
    0.55 lot acres
    Property size
    5,120 SF
    Zone code
    R-10
    Property type
    Garden apartment buildings
    APN
    0794.07-67-2776 0069856
    APU
    794076727760069856

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $825,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,185,000
      6.5%
      $1,070,000
      7%
      $1,190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,205,000
      Geo Method
      $1,305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,110,000
      Retail
      $1,190,000
      Mixed-Use
      $1,100,000
      Hospitality
      $1,310,000
      Educational
      $1,385,000
      Residential Income
      $1,060,000
      Energy
      $1,085,000
      Income-Based Land
      $1,120,000
      Food Service
      $1,095,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6753
    Latitude
    35.8041
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,697
    $343,000
    $350,304
    $693,304
    -
    $343,000
    $350,304
    $693,304

    Comparable in this City

    • Value Estimation by Request
      4,620 SF

      2932 Ligon St

      GARDEN APT, COURT APT (5+ UNITS) • 4,620 SF
      2932 Ligon St, Raleigh, NC 27607-0172
      View Details
    • Value Estimation by Request
      6,459 SF

      106 Faircloth St

      GARDEN APT, COURT APT (5+ UNITS) • 6,459 SF
      106 Faircloth St, Raleigh, NC 27607-0146
      View Details
    • Value Estimation
      $340,000
      3,672 SF

      706 Harris St

      GARDEN APT, COURT APT (5+ UNITS) • 3,672 SF
      706 Harris St, Raleigh, NC 27607-4159
      View Details
    • Value Estimation
      $465,000
      5,100 SF

      16 Horne St

      GARDEN APT, COURT APT (5+ UNITS) • 5,100 SF
      16 Horne St, Raleigh, NC 27607-0097
      View Details
    • Value Estimation by Request
      21,135 SF

      5453 Wade Park Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 21,135 SF
      5453 Wade Park Blvd, Raleigh, NC 27607-4291
      View Details
    • Value Estimation by Request
      18,192 SF

      1805 Crk Rdg Ln

      GARDEN APT, COURT APT (5+ UNITS) • 18,192 SF
      1805 Crk Rdg Ln, Raleigh, NC 27607
      View Details

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    3005 Leonard St
    Raleigh, NC 27607-0050
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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