Property profile

603 Glenwood Ave Raleigh, NC 27603

OFF-MARKET
Bars & Pubs
Property ID
US53-1566205
1,141 SF 0.16 ac lot Built 1905
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1905
Construction FRAME
Total area 1,141 SF
Lot 0.16 ac (6,970 SF)
Zoning code DX-12
APN 1704.18-41-5742 0023766
UPID US53-1566205

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
  • Bar & Pub

Location

603 Glenwood Ave Raleigh, NC 27603-1223
Raleigh metro Census 50300 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.98M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.97M

Owner & transaction history

since 2020
Last sale
$1.5M
3 recorded transactions
2020
$1.5M
2020
Price N/A
2011
Price N/A

Zoning & alternative use

DX-12 · Raleigh, NC
Zoning description

The DX-12 is intended to provide for intense mixed use development of the Citysdowntown area

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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