Financial
Distress signals
Property profile

401 Cabarrus St Raleigh, NC 27601

OFF-MARKET
Office buildings
Property ID
US53-1035646
5,175 SF 0.19 ac lot Built 1960
Last sale Sep 2019 · $820,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This development site consists of approximately 0.61 acres at 401 W. Cabarrus St. in Downtown Raleigh, North Carolina, and is currently zoned DX-12, which permits up to 12 stories. The property is described as being suitable for assemblage with adjacent parcels that may be available for combination, potentially increasing the total site area to approximately 1.06 acres. The location is identified as being across the street from the “West End” development associated with the former Clancey and

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$463k
Assessed land$447k
Assessed improvement$16k
Effective rate1.09%

Value estimate

· Sep 2026
$235k
$212k – $259k
Sales comparison$733k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$195/SF
Submarket average, outlier-cleaned · 533 recorded sales of this use type
Observed band · Q1–Q3$142 – $259
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
DX-12
The DX-12 is intended to provide for intense mixed use development of the Citysdowntown area
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.9
Watch Repair Shop8.8
Pet Grooming Service8.6

Location

401 Cabarrus St Raleigh, NC 27601-1714
County assessor Recorded deeds · 4 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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