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Financial
Distress signals
Property profile

5604 Departure Dr Raleigh, NC 27616

OFF-MARKET
Warehouses
Property ID
US53-0874415
60,000 SF 6.43 ac lot Built 1982
Last sale Aug 2024 · $11,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$55k
Tax billed · 2023
Assessed value$5.00M
Assessed land$1.13M
Assessed improvement$3.87M
Effective rate1.09%

Value estimate

· Oct 2026
$9.00M
$8.10M – $9.90M
CAP approach$7.18M
Submarket $/SF estimate$11.40M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$260/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$172 – $390
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IX-3
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.2
Law Firm13.2
Realty agency12.4

Location

5604 Departure Dr Raleigh, NC 27616-1841
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2641 Sumner, Raleigh, NC 27616-3234 $132,689,000 Mar 2025 65,124 SF
6531 Meridien, Raleigh, NC 27616-8891 $132,689,000 Mar 2025 40,894 SF
6520 Meridien, Raleigh, NC 27616-6677 $132,689,000 Mar 2025 39,522 SF
3701 Gresham Lk, Raleigh, NC 27616-3003 $13,500,000 Aug 2024 100,113 SF
5640 Departure, Raleigh, NC 27616-1841 $9,500,000 Nov 2023 54,480 SF
8900 Capital, Raleigh, NC 27616-3117 $11,473,700 Nov 2023 63,909 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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