Property profile

4023 Wake Frst Rd Raleigh, NC 27609

OFF-MARKET
Strip malls
Property ID
US53-5786301
4,300 SF 5.97 ac lot Built 1966
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1966
Construction BRICK
Total area 4,300 SF
Lot 5.97 ac (260,053 SF)
Zoning code CX-3
APN 1715.06-49-1523 0051330
UPID US53-5786301

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply
  • Home Health Care Service Health

Location

4023 Wake Frst Rd Raleigh, NC 27609-6842
Raleigh metro Census 52701 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$635k

Owner & transaction history

since 2017
4 recorded transactions
2017
$7.8M
2017
Price N/A
2007
$7.3M
2004
$4.6M

Zoning & alternative use

CX-3 · Raleigh, NC
Zoning description

The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses

General category MIXED_USE

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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