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Financial
Distress signals
Property profile

5660 Departure Dr Raleigh, NC 27616

FOR LEASE
Other industrial land
Property ID
US53-1388001
3.58 ac lot
Last sale Jan 2015 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This is a flex/warehouse building totaling approximately 33,000 square feet, configured to support up to eleven separate units, with a minimum unit size of about 3,000 square feet. Each unit is designed with a 12-by-12 roll-up door and provides 16-foot ceilings measured to the lowest beam. The property is located at 5660 Departure Dr, Raleigh, North Carolina 27615, and is intended for flexible warehouse and light commercial use within a multi-unit layout.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$632k
Assessed land$632k
Effective rate1.09%

Value estimate

· Oct 2026
$355k
$320k – $391k
AI approach$355k
NOI build-up
Gross scheduled income$325k
Vacancy & credit loss−$23k
Operating expenses−$91k
NOI · 1,141,681.08% cap applied$211k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$115/SF
County average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$56 – $168

Cap rate analysis

How does the asset earn?
1,141,681.08%
$211k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.9
Dental Office13.3
Realty agency13.2

Location

5660 Departure Dr Raleigh, NC 27616
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file 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

16 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
4 properties of the same type in this city
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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