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    Property profile & analytics

    5306 Western Blvd Raleigh, NC 27606-1600

    • Garden apartment buildings
    • 7,864 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimation
    $2,315,000
    Last Sale
    Sep 25, 2023
    $2,375,000
    Location Intelligence
    Property ID
    US53-1145099
    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

    • Garden apartment buildings

    Property Details for 5306 Western Blvd

    Year built
    1993
    Construction
    BRICK
    Lot size
    0.80 lot acres
    Property size
    7,864 SF
    Zone code
    R-10
    Property type
    Garden apartment buildings
    APN
    0784.18-41-5475 0032263
    APU
    784184154750032263

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,135,000
      6.5%
      $2,550,000
      7%
      $2,545,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,220,000
      Geo Method
      $2,345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,595,000
      Retail
      $2,520,000
      Mixed-Use
      $2,770,000
      Hospitality
      $2,310,000
      Educational
      $2,630,000
      Residential Income
      $2,485,000
      Energy
      $2,980,000
      Income-Based Land
      $2,305,000
      Food Service
      $2,285,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7148
    Latitude
    35.7869
    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
    $11,798
    $160,000
    $907,682
    $1,067,682
    -
    $160,000
    $907,682
    $1,067,682

    Comparable in this City

    • Value Estimation by Request
      6,396 SF

      2505 Avent Fry Rd

      GARDEN APT, COURT APT (5+ UNITS) • 6,396 SF
      2505 Avent Fry Rd, Raleigh, NC 27606-5451
      View Details
    • Value Estimation by Request
      18,412 SF

      608 Charleston Rd

      GARDEN APT, COURT APT (5+ UNITS) • 18,412 SF
      608 Charleston Rd, Raleigh, NC 27606-2390
      View Details
    • Value Estimation by Request
      30,750 SF

      6400 Canary Fls Ln

      GARDEN APT, COURT APT (5+ UNITS) • 30,750 SF
      6400 Canary Fls Ln, Raleigh, NC 27606-5859
      View Details
    • Value Estimation by Request
      22,860 SF

      6000 Pebble Vw Dr

      GARDEN APT, COURT APT (5+ UNITS) • 22,860 SF
      6000 Pebble Vw Dr, Raleigh, NC 27606-5838
      View Details
    • Value Estimation by Request
      29,700 SF

      1401 Stovall Dr

      GARDEN APT, COURT APT (5+ UNITS) • 29,700 SF
      1401 Stovall Dr, Raleigh, NC 27606-6106
      View Details
    • Value Estimation by Request
      11,871 SF

      3802 Lexington Dr

      GARDEN APT, COURT APT (5+ UNITS) • 11,871 SF
      3802 Lexington Dr, Raleigh, NC 27606-5097
      View Details

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    • $35 SF/Yr
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      Retail Building Near NC State

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      Raleigh Office Space For Lease

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    5306 Western Blvd
    Raleigh, NC 27606-1600
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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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