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Financial
Distress signals
Property profile

3209 Gresham Lk Rd Raleigh, NC 27615

OFF-MARKET
Other warehouses
Property ID
US53-5686645
112,240 SF 11.09 ac lot Built 1986
Last sale Jul 2018 · $11,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A flex space property of approximately 1,650 square feet located at 3209 Gresham Lake Rd, Suite 110, Raleigh, North Carolina. The suite is positioned to provide convenient access to major thoroughfares and nearby business corridors and is configured for office and service-oriented use as well as light industrial/flex applications. The location in the Raleigh area is near major employment and educational centers, including North Carolina State University and Duke University, and it has nearby retail and dining options as well as parks and green spaces.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$143k
Tax billed · 2024
Assessed value$16.43M
Assessed land$2.92M
Assessed improvement$13.52M
Effective rate0.87%

Value estimate

· Oct 2026
$14.18M
$12.76M – $15.60M
AI approach$12.05M
CAP approach$15.25M
Submarket $/SF estimate$12.62M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$226/SF
Submarket average, outlier-cleaned · 207 recorded sales of this use type
Observed band · Q1–Q3$147 – $356

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IX-3
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.2
Dental Office22.3
Law Firm20.9

Location

3209 Gresham Lk Rd Raleigh, NC 27615-3757
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3224 Northside Dr, Raleigh, NC 27615-4125 $4,400,000 Mar 2025 8,375 SF
3401 Gresham Lk, Raleigh, NC 27615-4243 $26,000,000 Sep 2024 219,633 SF
1731 Round Rock, Raleigh, NC 27615-5741 $3,350,000 Apr 2024 14,363 SF
3220 Northside, Raleigh, NC 27615-4125 $227,000 Mar 2020 9,720 SF
1723 Round Rock, Raleigh, NC 27615-5741 $488,000 Oct 2019 13,598 SF
3219 Northside, Raleigh, NC 27615-4126 $1,122,000 Dec 2018 11,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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