Property profile

407 6th Frks Rd Raleigh, NC 27609

OFF-MARKET
Turn key restaurants
Property ID
US53-1801376
3,280 SF 0.67 ac lot Built 1966
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1966
Construction BRICK
Total area 3,280 SF
Lot 0.67 ac (29,185 SF)
Zoning code CX-3
APN 1715.13-13-2763 0075418
UPID US53-1801376

Cap rate & NOI

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

Location

407 6th Frks Rd Raleigh, NC 27609-7829
Raleigh metro Census 52701 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2024
6 recorded transactions
2024
Price N/A
2024
Price N/A
2024
Price N/A
2024
$880,000
2022
$1,000
2019
Price N/A

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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