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    Property profile & analytics

    3701 Gresham Lk Rd Raleigh, NC 27616-3003

    • Warehouses
    • 100,113 SF
    • 3.96 lot acres
    OFF-MARKET
    Value Estimation
    $13,835,000
    Last Sale
    Aug 16, 2024
    $13,500,000
    Location Intelligence
    Property ID
    US53-3597355
    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

    • Destiny Diagnostics / Drug Testing Service
    • My Little Home Company / Estate Liquidator
    • Extra Space Storage / Self-Storage Facility / Moving And Storage Service

    Property Details for 3701 Gresham Lk Rd

    Year built
    2017
    Construction
    BRICK
    Lot size
    3.96 lot acres
    Property size
    100,113 SF
    Zone code
    IX-5
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1727.11-65-3974 0306815
    APU
    1727116539740306815

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $13,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $13,225,000
      6.5%
      $12,610,000
      7%
      $12,785,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $15,380,000
      Geo Method
      $14,070,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $13,030,000
      Retail
      $15,590,000
      Mixed-Use
      $13,960,000
      Hospitality
      $16,120,000
      Educational
      $14,090,000
      Residential Income
      $13,395,000
      Energy
      $15,095,000
      Income-Based Land
      $14,080,000
      Food Service
      $14,520,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5734
    Latitude
    35.8812
    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
    2024
    $126,705
    $1,448,983
    $13,140,003
    $14,588,986
    -
    $1,448,983
    $13,140,003
    $14,588,986

    Comparable in this City

    • Value Estimation by Request
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      MINI-WAREHOUSE, STORAGE • 49,005 SF
      4940 Capital Blvd, Raleigh, NC 27616-4407
      View Details
    • Value Estimation by Request
      100,697 SF

      6401 Town Ctr Dr

      MINI-WAREHOUSE, STORAGE • 100,697 SF
      6401 Town Ctr Dr, Raleigh, NC 27616-2814
      View Details
    • Value Estimation by Request
      16,000 SF

      5000 Atlantic Ave

      MINI-WAREHOUSE, STORAGE • 16,000 SF
      5000 Atlantic Ave, Raleigh, NC 27616-1866
      View Details
    • Value Estimation
      $12,885,000
      48,550 SF

      8740 Wadford Dr

      MINI-WAREHOUSE, STORAGE • 48,550 SF
      8740 Wadford Dr, Raleigh, NC 27616-9027
      View Details
    • Value Estimation by Request
      35,265 SF

      5602 Capital Blvd

      MINI-WAREHOUSE, STORAGE • 35,265 SF
      5602 Capital Blvd, Raleigh, NC 27616-2932
      View Details
    • Value Estimation by Request
      110,244 SF

      7505 Fox Rd

      MINI-WAREHOUSE, STORAGE • 110,244 SF
      7505 Fox Rd, Raleigh, NC 27616-6345
      View Details

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    Similar Nearby for Lease

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    • $17 SF/Yr
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      Capital Blvd Retail Opportunity

      Prime retail space with high visibility and ample parking.
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    • Contact for pricing
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      154,004 SF retail space available in Raleigh, NC.
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    Raleigh, NC 27616-3003
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    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
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