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Financial
Distress signals
Property profile

3401 Gresham Lk Rd Raleigh, NC 27615

OFF-MARKET
Distribution centers
Property ID
US53-1797532
219,633 SF 13.3 ac lot Built 1973
Last sale Sep 2024 · $26,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of warehouse space with approximately 67,200 to 240,211 square feet available, featuring 30-foot ceiling heights with a 33-foot center height. The warehouse is configured around large bays of approximately 11,200 square feet, with a truck court depth of approximately 170 feet. Loading is provided by thirty-three dock-high doors and two drive-in doors. The facility is equipped with an ESFR sprinkler system utilizing a wet system.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$239k
Tax billed · 2024
Assessed value$27.57M
Assessed land$4.87M
Assessed improvement$22.71M
Effective rate0.87%

Value estimate

· Oct 2026
$26.00M
$23.40M – $28.60M
AI approach$26.00M
CAP approach$29.85M
Submarket $/SF estimate$21.18M

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 agency22.2
Dental Office20.9
Law Firm18.6

Location

3401 Gresham Lk Rd Raleigh, NC 27615-4243
County assessor Recorded deeds · 10 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

15 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
6 properties of the same type in this city
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