Property profile

405 Morson St Raleigh, NC 27601

FOR SALE
Office buildings
Property ID
US53-0873669
2,025 SF Built 1910
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Located near Downtown Raleigh, this ±2,025 SF commercial building at 405 Morson St, Raleigh, NC presents an excellent opportunity for office users, investors, or future redevelopment. The property is zoned OX-3 (Office Mixed Use - up to 3 stories), allowing for a variety of commercial and mixed-use applications. The OX-3 zoning allows building heights of up to three stories, creating potential for future expansion or redevelopment in one of Raleigh's rapidly growing urban areas. The property is ideal for professional offices, creative studios, small business headquarters, or live-work concepts, depending on permitted uses. Situated just minutes from Downtown Raleigh, the location provides convenient access to major employment centers, restaurants, retail, and surrounding residential neighborhoods. The area continues to see steady growth and redevelopment, making this property attractive for both owner-users and investors.

Property profile

Verified
Property type Office buildings
Year built 1910
Total area 2,025 SF
UPID US53-0873669

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
  • Photography Service (Bike/Boat/Book/etc) Store
  • Home Health Care Service

Location

405 Morson St Raleigh, NC 27601
Raleigh metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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