Property profile

609 Peace St Raleigh, NC 27605

OFF-MARKET
Drive through restaurants
Property ID
US53-1829234
1,860 SF 0.32 ac lot Built 1972
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1972
Construction FRAME
Total area 1,860 SF
Lot 0.32 ac (13,939 SF)
Zoning code NX-3
APN 1704.18-42-4015 0040003
UPID US53-1829234

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
  • Cafe & Coffee Shop

Location

609 Peace St Raleigh, NC 27605-1519
Raleigh metro Census 50300 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2016
1 recorded transaction
2016
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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