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    Property profile & analytics

    3909 Wilmington St Raleigh, NC 27603-3601

    • Drive through restaurants
    • 1,596 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimation
    $855,000
    Last Sale
    Apr 30, 2021
    $750,000
    Location Intelligence
    Property ID
    US53-4015824
    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

    • DJ’s Blue Room / Video Arcade

    Property Details for 3909 Wilmington St

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.87 lot acres
    Property size
    1,596 SF
    Zone code
    IX-3
    Property type
    Drive through restaurants
    APN
    1701.06-49-5113 0420086
    APU
    1701064951130420086

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $930,000

    • CAP approach

      CAP return
      Estimation
      6%
      $695,000
      6.5%
      $715,000
      7%
      $630,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $610,000
      Geo Method
      $635,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $590,000
      Retail
      $650,000
      Mixed-Use
      $735,000
      Hospitality
      $735,000
      Educational
      $595,000
      Residential Income
      $535,000
      Energy
      $590,000
      Income-Based Land
      $740,000
      Food Service
      $685,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6479
    Latitude
    35.7254
    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
    $8,437
    $306,966
    $467,094
    $774,060
    -
    $306,966
    $467,094
    $774,060

    Comparable in this City

    • Value Estimation by Request
      864 SF

      618 Hillsborough St

      DRIVE-THRU RESTAURANT, FAST FOOD • 864 SF
      618 Hillsborough St, Raleigh, NC 27603-1732
      View Details
    • Value Estimation
      $430,000
      2,185 SF

      3224 Wilmington St, Unit LH

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,185 SF
      3224 Wilmington St, Raleigh, NC 27603-3538
      View Details
    • Value Estimation
      $3,835,000
      4,046 SF

      7911 Fayetteville Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,046 SF
      7911 Fayetteville Rd, Raleigh, NC 27603-5631
      View Details
    • Value Estimation by Request
      3,385 SF

      4510 Fayetteville Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,385 SF
      4510 Fayetteville Rd, Raleigh, NC 27603-3614
      View Details
    • Value Estimation
      $415,000
      839 SF

      3222 Wilmington St

      DRIVE-THRU RESTAURANT, FAST FOOD • 839 SF
      3222 Wilmington St, Raleigh, NC 27603-3538
      View Details
    • Value Estimation by Request
      2,636 SF

      4202 Fayetteville Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,636 SF
      4202 Fayetteville Rd, Raleigh, NC 27603-3608
      View Details

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      View Details
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    Raleigh, NC 27603-3601
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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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