Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5400 Hillsborough St Raleigh, NC 27606-1339
    Back to Search
    Property profile & analytics

    5400 Hillsborough St, Raleigh, NC 27606-1339

    View on Map
    • Investment properties
    • 1,247 SF
    • 0.35 lot acres
    Off-Market
    Property ID
    US53-5644502
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kinneys electrical services / Electrical Service / General Contractor

    Property Details for 5400 Hillsborough St

    Year built
    1930
    Construction
    STONE
    Lot size
    0.35 lot acres
    Zone code
    NX-3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0784.14-42-2907 0059527
    APU
    784144229070059527

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2004 $163,000 Michael G Kinney Reynolds,sallie H Warranty Deed $140k · First Citizens Bank & Trust Co
    — — Michael G Kinney — Deed Of Trust · related $175k · First Citizens Bank & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7161
    Latitude
    35.7911
    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
    $3,745
    $229,147
    $112,555
    $341,702
    -
    $229,147
    $112,555
    $341,702

    Comparable in this City

    • Value Estimation by Request
      2,054 SF

      1500 Lk Dm Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1500 Lk Dm Rd, Raleigh, NC 27606-3652
      View Details
    • Value Estimation
      $2,550,000
      3,211 SF

      5511 Hillsborough St

      OFFICE/RESIDENTIAL (MIXED USE)
      5511 Hillsborough St, Raleigh, NC 27606-1535
      View Details
    • Value Estimation by Request
      2,135 SF

      5100 Western Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      5100 Western Blvd, Raleigh, NC 27606-1640
      View Details
    • Value Estimation by Request
      1,400 SF

      5572 Capital Ctr Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      5572 Capital Ctr Dr, Raleigh, NC 27606
      View Details
    • Value Estimation
      $595,000
      1,982 SF

      806 Gorman St

      OFFICE/RESIDENTIAL (MIXED USE)
      806 Gorman St, Raleigh, NC 27606-1908
      View Details
    • Value Estimation by Request
      1,596 SF

      1212 Onslow Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1212 Onslow Rd, Raleigh, NC 27606-1956
      View Details

    Similar Nearby for Sale

    • $1,050,000
      4,750 SF

      Move-in Ready Raleigh Multi-Family Property

      Contemporary design near Downtown Raleigh and Cary with flexible layouts.
      5061 Lundy Dr, Raleigh, NC 27606
      View Details
    • Contact for pricing

      Residential Lot in Prime Location

      Land for sale in Raleigh, utilities at street, no HOA.
      2512 Prince Dr, Raleigh, NC 27606
      View Details
    • $765,000
      4.05 Acres

      Raleigh Land Parcel for Development

      4.05 acre site approved for five residential lots.
      831 Buck Jones Rd, Raleigh, NC 27606
      View Details
    • Contact for pricing

      Two Neighboring Parcels For Sale

      Two parcels totaling over half an acre in Raleigh, NC.
      5505 Old Spring Dr, Raleigh, NC 27606
      View Details
    • New
      $3,450,000
      13,800 SF

      Pre-Leased Student Housing Duplex Community

      Purpose-built student housing with private bedroom bathrooms and large outdoor living areas, nearly fully pre-leased for 2026–2027.
      3605 Burt Dr, Raleigh, NC 27606
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Raleigh Office Space For Lease

      Office space available in Waters Edge Office Park, Raleigh.
      4917 Waters Edge Dr, Raleigh, NC 27606
      View Details
    • $24 SF/Yr
      19,533 SF

      Raleigh Office Space Available

      Office space available for lease in Raleigh, North Carolina.
      801 Jones Franklin Rd, Raleigh, NC 27606
      View Details
    • Contact for pricing
      13,661 SF

      Centennial Campus Office Space

      Office space in NC State's Centennial Campus research park.
      1791 Varsity Dr, Raleigh, NC 27606
      View Details
    • Contact for pricing
      12,998 SF

      Raleigh Office Space Available

      Office space available for lease in Raleigh, North Carolina.
      1730 Varsity Dr, Raleigh, NC 27606
      View Details
    • Contact for pricing
      13,442 SF

      Office Space in Centennial Campus

      Office space for rent in Raleigh's premier research park.
      1010 Main Campus Dr, Raleigh, NC 27606
      View Details
    • $1,972 /Mo
      6,510 SF

      Raleigh Office Space For Lease

      Office space for lease in Waters Edge Office Park.
      4917 Waters Edge Dr, Raleigh, NC 27606
      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.
    5400 Hillsborough St
    Raleigh, NC 27606-1339
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5400 Hillsborough St, Raleigh, NC, 27606
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!