Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3715 Hillsborough St Raleigh, NC 27607-5410
    Back to Search
    Property profile & analytics

    3715 Hillsborough St, Raleigh, NC 27607-5410

    View on Map
    • Gas stations
    • 2,619 SF
    • 0.75 lot acres
    Off-Market
    Property ID
    US53-2187686
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Global Auto Service Center / Auto Repair Shop
    • Horizon Auto Sales / Car Dealership
    • East Auto Sales LLC / Car Dealership
    • HB GAS Minimart / Gas Station
    • Super Auto / Auto Repair Shop

    Property Details for 3715 Hillsborough St

    Year built
    1961
    Construction
    CONCRETE BLOCKS
    Lot size
    0.75 lot acres
    Zone code
    NX-3
    Property type
    Gas stations
    APN
    0794.14-23-7995 0034088
    APU
    794142379950034088

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 31, 2003 $585,000 3715 Hillsborough LLC — Grant Deed · related —
    Nov 8, 2001 — Gwynda W Martin Martin,robert F Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6871
    Latitude
    35.7937
    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
    $9,505
    $652,747
    $113,798
    $766,545
    -
    $652,747
    $113,798
    $766,545

    Comparable in this City

    • Value Estimation
      $900,000
      136,440 SF

      110 Dan Allen Dr

      PARKING GARAGE, PARKING STRUCTURE
      110 Dan Allen Dr, Raleigh, NC 27607
      View Details
    • Value Estimation
      $965,000
      7,040 SF

      6105 Chapel Hl Rd

      AUTO REPAIR, GARAGE
      6105 Chapel Hl Rd, Raleigh, NC 27607-5111
      View Details
    • Value Estimation by Request
      1,372 SF

      2912 Hillsborough St

      AUTO REPAIR, GARAGE
      2912 Hillsborough St, Raleigh, NC 27607-7144
      View Details
    • Value Estimation by Request
      1,767 SF

      2812 Hillsborough St

      AUTO REPAIR, GARAGE
      2812 Hillsborough St, Raleigh, NC 27607-7142
      View Details
    • Value Estimation
      $1,445,000
      18,122 SF

      6515 Chapel Hl Rd

      VEHICLE SALES, RENTALS
      6515 Chapel Hl Rd, Raleigh, NC 27607-5009
      View Details
    • Value Estimation
      $620,000
      11,116 SF

      5600 Chapel Hl Rd

      VEHICLE SALES, RENTALS
      5600 Chapel Hl Rd, Raleigh, NC 27607-5102
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,800 SF

      Retail Space Near NC State

      Retail space near NC State's campus with development potential.
      2510 Hillsborough St, Raleigh, NC 27607
      View Details
    • New
      $825,000
      1,944 SF

      Duplex Income Property

      Duplex on RX-3 zoned land with in-place leases extending through July 18, 2027.
      2217 Garden Pl, Raleigh, NC 27607
      View Details
    • Contact for pricing

      Residential Land in Prime Location

      0.41-acre lot with potential to build custom dream house.
      3304 Red Bud St, Raleigh, NC 27607
      View Details
    • Contact for pricing

      Renovated Class A Office Building

      Class A office building in West Raleigh, convenient location.
      1201 Edwards Mill Rd, Raleigh, NC 27607
      View Details
    • Contact for pricing
      1,363 SF

      Prime Land Near State Fairgrounds

      Two adjacent parcels ideal for development near NC State Fairgrounds.
      103 Gary St, Raleigh, NC 27607
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Raleigh, North Carolina.
      4025 Lake Boone Trl, Raleigh, NC 27607
      View Details
    • Contact for pricing
      3,851 SF

      Retail Space in West Raleigh

      Prime ground floor retail space in the heart of West Raleigh.
      5435 Wade Park Blvd, Raleigh, NC 27607
      View Details
    • Contact for pricing
      4,988 SF

      Retail Space Near NC State

      Retail space available adjacent to North Carolina State University.
      2526 Hillsborough St, Raleigh, NC 27607
      View Details
    • $27 SF/Yr

      West Raleigh Office Space Available

      2,171 SF office space with 24/7 access and security.
      7424 Chapel Hill Rd, Raleigh, NC 27607
      View Details
    • $42 SF/Yr
      15,215 SF

      Unique Workplace Environment in Raleigh

      Cutting-edge office space with luxurious amenities and nature access.
      2700 Wycliff Rd, Raleigh, NC 27607
      View Details
    • Contact for pricing

      Medical Office Building For Lease

      Multi-tenant medical office building near UNC Rex Hospital.
      2300 Rexwoods Dr, Raleigh, NC 27607
      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.
    3715 Hillsborough St
    Raleigh, NC 27607-5410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3715 Hillsborough St, Raleigh, NC, 27607
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!