Property profile

3417 Hillsborough St Raleigh, NC 27607

OFF-MARKET
Drive through restaurants
Property ID
US53-2114978
1,408 SF 0.3 ac lot Built 1970
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1970
Construction METAL FRAME
Total area 1,408 SF
Lot 0.3 ac (13,068 SF)
Zoning code NX-3
APN 0794.14-33-7632 0023579
UPID US53-2114978

Cap rate & NOI

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

Location

3417 Hillsborough St Raleigh, NC 27607-5406
Raleigh metro Census 51400 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
$888k
Blend (final) Blend
$1.12M

Owner & transaction history

since 2021
Last sale
$900,000
1 recorded transaction
2021
$900,000

Zoning & alternative use

NX-3 · Raleigh, NC
Zoning description

The NX-3 is intended to provide for a variety of residential, retail, service andcommercial uses all within walking distance of residential neighborhoods

General category MIXED_USE
Top alternative use upside
Neighborhood: shopping center $775,000 +1.3%

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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