Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3551 Grenelle St Raleigh, NC 27603-6162

    • Turn key restaurants
    • 12,600 SF
    • 2.45 lot acres
    OFF-MARKET
    Value Estimation
    $3,910,000
    Last Sale
    Feb 15, 2024
    $3,900,000
    Location Intelligence
    Property ID
    US53-2437060
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Golden Corral Buffet & Grill / Buffet Restaurant / American Restaurant

    Property Details for 3551 Grenelle St

    Year built
    2012
    Construction
    FRAME
    Lot size
    2.45 lot acres
    Property size
    12,600 SF
    Zone code
    CX-3
    Property type
    Turn key restaurants
    APN
    1702.18-31-2417 0407506
    APU
    1702183124170407506

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,900,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,485,000
      6.5%
      $3,835,000
      7%
      $3,685,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,590,000
      Geo Method
      $4,530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,490,000
      Retail
      $3,550,000
      Mixed-Use
      $4,445,000
      Hospitality
      $3,720,000
      Educational
      $3,910,000
      Residential Income
      $3,415,000
      Energy
      $3,720,000
      Income-Based Land
      $3,855,000
      Food Service
      $3,605,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6522
    Latitude
    35.7319
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $40,253
    $1,444,305
    $2,248,611
    $3,692,916
    -
    $1,444,305
    $2,248,611
    $3,692,916

    Comparable in this City

    • Value Estimation by Request
      20,150 SF

      508 Jones St

      RESTAURANT • 20,150 SF
      508 Jones St, Raleigh, NC 27603-1429
      View Details
    • Value Estimation by Request
      6,330 SF

      3600 Jct Blvd

      RESTAURANT • 6,330 SF
      3600 Jct Blvd, Raleigh, NC 27603-3635
      View Details
    • Value Estimation by Request
      10,354 SF

      4205 Fayetteville Rd

      RESTAURANT • 10,354 SF
      4205 Fayetteville Rd, Raleigh, NC 27603-3607
      View Details
    • Value Estimation
      $820,000
      5,572 SF

      3333 Wilmington St

      RESTAURANT • 5,572 SF
      3333 Wilmington St, Raleigh, NC 27603-3539
      View Details
    • Value Estimation by Request
      2,600 SF

      901 Morgan St

      RESTAURANT • 2,600 SF
      901 Morgan St, Raleigh, NC 27603-1511
      View Details
    • Value Estimation by Request
      12,015 SF

      330 Hillsborough St

      RESTAURANT • 12,015 SF
      330 Hillsborough St, Raleigh, NC 27603-1726
      View Details

    Similar Nearby for Sale

    • $2,071,000
      4,808 SF

      Downtown Raleigh Bar/Restaurant Investment

      Prime location, high NOI, long-term lease.
      400 North St, Raleigh, NC 27603
      View Details
    • Contact for pricing
      0.37 Acres

      Prime Raleigh Retail Space

      High-traffic location, ideal for salon use.
      3200 Wilmington St, Raleigh, NC 27603
      View Details
    • $4,500,000
      2,000 SF

      Downtown Raleigh Retail Duo

      Prime location, high-growth area.
      715 Morgan St, Raleigh, NC 27603
      View Details
    • Contact for pricing
      24,000 SF

      Retail Buildings For Sale

      Two freestanding retail buildings available for sale off US-401.
      3725 Banks Rd, Raleigh, NC 27603
      View Details
    • $730,000
      3,557 SF

      Commercial and Residential Opportunity

      Prime location with commercial building and residential home for sale.
      9801 Ten-Ten Rd, Raleigh, NC 27603
      View Details
    • $85,000
      0.57 Acres

      Residential Land in Raleigh, NC

      0.57 acre lot with easy commute to Raleigh and Garner.
      721 Grovemont Rd, Raleigh, NC 27603
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      79,588 SF

      Frontier Plaza: Raleigh Retail Space

      High-visibility retail space in prime Raleigh location.
      3900 Fayetteville Rd, Raleigh, NC 27603
      View Details
    • Contact for pricing
      310,297 SF

      North & South Station Retail Space

      Prime Raleigh Retail Center: Spaces Available
      0 Garner Station Blvd, Raleigh, NC 27603
      View Details
    • $43 SF/Yr
      281,750 SF

      Raleigh Executive Office Space

      Class A Office Suites, Downtown Raleigh
      621 Hillsborough St, Raleigh, NC 27603
      View Details
    • Contact for pricing
      34,027 SF

      Class A Retail Space Available

      Prime retail space in a high-visibility, well-anchored shopping center.
      6100-6180 Capital Blvd, Raleigh, NC 27603
      View Details
    • $22 SF/Yr
      34,290 SF

      Downtown Raleigh Office Space

      Class A Office Suites, Flexible Sizes
      223 West St, Raleigh, NC 27603
      View Details
    • $17 SF/Yr
      12,000 SF

      Raleigh Flex/Warehouse Space Available

      12,000 SF Industrial Space for Lease
      3101 Garner Station Blvd, Raleigh, NC 27603
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3551 Grenelle St
    Raleigh, NC 27603-6162
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.