Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    505 St Raleigh, NC 27601

    • Warehouses
    • 3,196 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $6,465,000
    Last Sale
    Jan 29, 2024
    $6,480,000
    Location Intelligence
    Property ID
    US53-2229006
    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

    • Isalis / Jewelry Store / Gift Shop
    • Party City / Balloon Store / Candy Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 505 St

    Year built
    1946
    Construction
    CONCRETE BLOCKS
    Lot size
    0.23 lot acres
    Property size
    3,196 SF
    Zone code
    DX-12
    Property type
    Warehouses
    APN
    1703.41-56-0817 0060756
    APU
    1703415608170060756

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,480,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,925,000
      6.5%
      $6,755,000
      7%
      $5,855,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,995,000
      Geo Method
      $6,880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,970,000
      Retail
      $6,770,000
      Mixed-Use
      $7,115,000
      Hospitality
      $5,930,000
      Educational
      $7,405,000
      Residential Income
      $6,415,000
      Energy
      $6,030,000
      Income-Based Land
      $6,235,000
      Food Service
      $5,735,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.646
    Latitude
    35.7742
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN 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
    2023
    $4,470
    $400,359
    $9,732
    $410,091
    -
    $400,359
    $9,732
    $410,091

    Comparable in this City

    • Value Estimation by Request
      68,886 SF

      410 Ws St

      MINI-WAREHOUSE, STORAGE • 68,886 SF
      410 Ws St, Raleigh, NC 27601-2137
      View Details
    • Value Estimation
      $410,000
      1,958 SF

      303 St

      WAREHOUSE, STORAGE • 1,958 SF
      303 St, Raleigh, NC 27601-1960
      View Details
    • Value Estimation
      $525,000
      4,608 SF

      329 Martin St

      WAREHOUSE, STORAGE • 4,608 SF
      329 Martin St, Raleigh, NC 27601-1352
      View Details
    • Value Estimation
      $705,000
      14,256 SF

      300 Hoke St

      WAREHOUSE, STORAGE • 14,256 SF
      300 Hoke St, Raleigh, NC 27601-2637
      View Details
    • Value Estimation by Request
      12,314 SF

      301 Cabarrus St

      WAREHOUSE, STORAGE • 12,314 SF
      301 Cabarrus St, Raleigh, NC 27601-1712
      View Details
    • Value Estimation by Request
      16,284 SF

      101 Authority Ln

      WAREHOUSE, STORAGE • 16,284 SF
      101 Authority Ln, Raleigh, NC 27601-2639
      View Details

    Similar Nearby for Sale

    • $1,520,000

      Luxury Condo in Heart of Raleigh

      Sprawling condo with open floor-plan, high ceilings, and gourmet kitchen.
      523 S West St, Raleigh, NC 27601
      View Details
    • $610,740
      2,435 SF

      Downtown Raleigh Townhome with Rooftop Terrace

      Townhome-style living near restaurants and breweries with skyline views.
      1228 S Person St, Raleigh, NC 27601
      View Details
    • $1,100,000
      0.11 Acres

      Downtown Raleigh Development Opportunity

      Prime commercial land for sale in downtown Raleigh.
      306 E Hargett St, Raleigh, NC 27601
      View Details
    • $625,000
      Pending

      Raleigh Multifamily Investment Opportunity

      Multifamily property near downtown Raleigh with development potential.
      105 Heck St, Raleigh, NC 27601
      View Details
    • $645,000
      0.07 Acres

      Downtown Raleigh Historic Gem

      Charming 2-story, mixed-use potential.
      15 Bloodworth St, Raleigh, NC 27601
      View Details
    • $441,990
      1,576 SF

      Modern Townhome-Style Condo in Raleigh

      Stylish condo with open layout, gourmet kitchen, and private balcony.
      1224 S Person St, Raleigh, NC 27601
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      11,903 SF

      Raleigh City Plaza Office Suites

      Prestigious Office Space, Downtown Raleigh
      421 Fayetteville St, Raleigh, NC 27601
      View Details
    • $28 SF/Yr
      13,125 SF

      Downtown Raleigh Office Space

      Prime location, flexible suites, modern amenities
      107 Fayetteville St, Raleigh, NC 27601
      View Details
    • $11 SF/Yr
      5,921 SF

      Raleigh Office Space: Fayetteville St.

      Flexible Workspaces in Downtown Raleigh
      414 Fayetteville St, Raleigh, NC 27601
      View Details
    • $27 SF/Yr
      190,518 SF

      Raleigh Retail Center - Prime Location

      Historic Raleigh retail space, multiple units available.
      400 Fayetteville St, Raleigh, NC 27601
      View Details
    • $3,100 /Mo
      1,420 SF

      Modern Apartment with Rooftop Terrace

      Stylish apartment with skyline views, chef's kitchen, and fast internet.
      712 E Edenton St, Raleigh, NC 27601
      View Details
    • $1,995 /Mo
      1,440 SF

      Downtown Raleigh Condo with Courtyard

      Unique 2-story condo in the heart of Downtown Raleigh.
      258 E Davie St, Raleigh, NC 27601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 St
    Raleigh, NC 27601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.