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Financial
Distress signals
Property profile

4028 Mitchell Mill Rd Raleigh, NC 27616

FOR SALE
Garden apartment buildings
Property ID
US53-2649616
10,048 SF 2.06 ac lot Built 2015
Last sale Oct 2019 · $2,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
4028 Mitchell Mill Rd, Raleigh, NC 27616 For Sale
$4,200,000 10,048 SF
4028 Mitchell Mill Rd, Raleigh, NC 27616
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$29k
Tax billed · 2023
Assessed value$2.63M
Assessed land$350k
Assessed improvement$2.28M
Effective rate1.11%

Value estimate

· Oct 2026
$790k
$711k – $869k
AI approach$540k
NOI build-up
Gross scheduled income$398k
Vacancy & credit loss−$24k
Operating expenses−$168k
NOI · 4.90% cap applied$206k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,690/SF
Submarket average, outlier-cleaned · 110 recorded sales of this use type
Observed band · Q1–Q3$202 – $3,292
Qualifying comparables6

Cap rate analysis

How does the asset earn?
4.90%
$206k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
NX-3
The NX-3 is intended to provide for a variety of residential, retail, service andcommercial uses all within walking distance of residenti...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.0
Building Supply25.6
Restaurant24.1

Location

4028 Mitchell Mill Rd Raleigh, NC 27616
County assessor Recorded deeds · 11 transfers 6 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 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7731 Midtown Market, Raleigh, NC 27616-6777 $66,250,000 Dec 2025 28,944 SF
4800 Avenida Del Sol, Raleigh, NC 27616-8109 $4,560,000 Jun 2022 25,536 SF
6521 Summerfield, Raleigh, NC 27616-2421 $5,506,000 May 2022 32,208 SF
4920 Wallingford, Raleigh, NC 27616-5386 $48,700,000 Apr 2021 10,356 SF
4750 Archean, Raleigh, NC 27616-5840 $31,028,000 Feb 2020 18,180 SF
5000 Sedgewick, Raleigh, NC 27616-0041 $46,850,000 May 2019 7,508 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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