Property profile

312 Martin Luther King Jr Blvd Raleigh, NC 27601

OFF-MARKET
Investment properties
Property ID
US53-0955192
3,464 SF 0.32 ac lot Built 1935
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1935
Construction BRICK
Total area 3,464 SF
Lot 0.32 ac (13,939 SF)
Zoning code OX-3
APN 1703.51-85-2091 0042071
UPID US53-0955192

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
  • Social Service Agency

Location

312 Martin Luther King Jr Blvd Raleigh, NC 27601-2360
Raleigh metro Census 50900 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
$735k
Comparable Approach Comparable
$736k
Blend (final) Blend
$595k

Owner & transaction history

since 2022
Last sale
$525,000
6 recorded transactions
2022
$525,000
2022
Price N/A
2016
Price N/A
2008
Price N/A
2005
Price N/A
1969
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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