Property profile

3115 Calvary Dr Raleigh, NC 27604

OFF-MARKET
Garden apartment buildings
Property ID
US53-1594863
11,176 SF 8.6 ac lot Built 1988
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1988
Construction FRAME
Total area 11,176 SF
Lot 8.6 ac (374,616 SF)
Zoning code OX-3
APN 1726.19-52-3436 0079180
UPID US53-1594863

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3115 Calvary Dr Raleigh, NC 27604-6036
Raleigh metro Census 54008 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$1.11M

Owner & transaction history

since 2025
2 recorded transactions
2025
$30.9M
2025
Price N/A

Zoning & alternative use

OX-3 · Raleigh, NC
Zoning description

The OX-3 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options

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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