Property profile

601 Lenoir St Raleigh, NC 27601

OFF-MARKET
Retail space
Property ID
US53-1778573
380 SF 0.14 ac lot Built 1950
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction BRICK
Total area 380 SF
Lot 0.14 ac (6,098 SF)
Zoning code NX-3
APN 1713.09-06-3369 0007441
UPID US53-1778573

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Recording Studio

Location

601 Lenoir St Raleigh, NC 27601-2461
Raleigh metro Census 50700 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$575k

Owner & transaction history

since 2025
Last sale
$572,000
5 recorded transactions
2025
$572,000
2022
$420,000
2018
$290,000
2008
$180,000
1969
Price N/A

Zoning & alternative use

NX-3 · Raleigh, NC
Zoning description

The NX-3 is intended to provide for a variety of residential, retail, service andcommercial uses all within walking distance of residential neighborhoods

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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