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    Property profile & analytics

    405 Washington St La Grange, NC 28551-1836

    • Turn key restaurants
    • 1,060 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 13, 2021
    $6,000
    Location Intelligence
    Property ID
    US53-2483089
    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

    • Riley’s Burger and the Shell / Restaurant
    • Riley's Southern Goods & Gardens / Ice Cream Shop
    • Riley Landscaping and Lawn Maintenance, LLC / Landscaper

    Property Details for 405 Washington St

    Year built
    2022
    Lot size
    1.50 lot acres
    Property size
    1,060 SF
    Property type
    Turn key restaurants
    APN
    356610376256
    APU
    356610376256

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Lenoir
    State
    North Carolina
    Longitude
    -77.781
    Latitude
    35.3027
    CBSA code
    28820
    CBSA name
    KINSTON, NC MICROPOLITAN 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
    2024
    $3,008
    $60,547
    $157,915
    $218,462
    -
    $60,547
    $157,915
    $218,462

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      113 Caswell St

      RESTAURANT • 3,200 SF
      113 Caswell St, La Grange, NC 28551-1707
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      464 SF

      Wooten St

      RESTAURANT • 464 SF
      Wooten St, La Grange, NC 28551
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    • Value Estimation by Request
      3,802 SF

      123 Washington St

      RESTAURANT • 3,802 SF
      123 Washington St, La Grange, NC 28551-1717
      View Details
    • Value Estimation by Request
      5,982 SF

      7877 Us Hwy 70th W

      RESTAURANT • 5,982 SF
      7877 Us Hwy 70th W, La Grange, NC 28551-8201
      View Details
    • Value Estimation
      $330,000
      1,300 SF

      402 Washington St

      RESTAURANT • 1,300 SF
      402 Washington St, La Grange, NC 28551-1823
      View Details
    • Value Estimation
      $330,000
      1,640 SF

      7823 Us Hwy 70th W

      RESTAURANT • 1,640 SF
      7823 Us Hwy 70th W, La Grange, NC 28551-8207
      View Details

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    La Grange, NC 28551-1836
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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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