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    Property profile & analytics

    3040 Berks Way Ste, Unit 203 Raleigh, NC 27614-6620

    • Office buildings
    • 655 SF
    OFF-MARKET
    Value Estimation
    $160,000
    Last Sale
    Oct 22, 2021
    $140,000
    Location Intelligence
    Property ID
    US53-1221108
    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

    • Office buildings

    Property Details for 3040 Berks Way Ste

    Year built
    2007
    Construction
    CONCRETE BLOCKS
    Property size
    655 SF
    Zone code
    CX-3
    Property type
    Office buildings
    APN
    1739.01-07-2005 0403005
    APU
    1739010720050403005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5601
    Latitude
    35.9391
    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
    $1,350
    $0.00
    $123,892
    $123,892
    -
    $0.00
    $123,892
    $123,892

    Comparable in this City

    • Value Estimation by Request
      32,768 SF

      11410 Cmn Oaks Dr

      OFFICE BUILDING • 32,768 SF
      11410 Cmn Oaks Dr, Raleigh, NC 27614-7002
      View Details
    • Value Estimation by Request
      650 SF

      10940 Raven Rdg Rd Ste, Unit 202

      OFFICE BUILDING • 650 SF
      10940 Raven Rdg Rd Ste, Raleigh, NC 27614-6611
      View Details
    • Value Estimation by Request
      5,915 SF

      3200 Pleasant Un Church Rd

      OFFICE BUILDING • 5,915 SF
      3200 Pleasant Un Church Rd, Raleigh, NC 27614-8152
      View Details
    • Value Estimation
      $220,000
      725 SF

      3041 Berks Way Ste, Unit 204

      OFFICE BUILDING • 725 SF
      3041 Berks Way Ste, Raleigh, NC 27614-6777
      View Details
    • Value Estimation
      $215,000
      655 SF

      3040 Berks Way Ste, Unit 204

      OFFICE BUILDING • 655 SF
      3040 Berks Way Ste, Raleigh, NC 27614-6620
      View Details
    • Value Estimation
      $320,000
      1,500 SF

      10640 Durant Rd Ste, Unit 102

      OFFICE BUILDING • 1,500 SF
      10640 Durant Rd Ste, Raleigh, NC 27614-6566
      View Details

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    Similar Nearby for Lease

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      Retail spaces available in a busy Raleigh shopping center.
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    Raleigh, NC 27614-6620
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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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