Financial
Distress signals
Property profile

627 W Lane St Raleigh, NC 27603

FOR LEASE
Other investment properties
Property ID
US53-0546426
1,750 SF 0.16 ac lot Built 1905
Last sale Oct 2022 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This downtown office suite is located in Glenwood South within a restored building and has been configured for office use. Suite 102 is a light-filled office measuring 11.8 ft by 13.8 ft, and includes a large storage closet. The suite includes hardwood floors and has features such as recently updated paint and lighting; common areas—such as bathrooms and a kitchen—were also updated. The property lot is 0.16 acres and the building provides access to downtown, Wade Avenue, and Capital Boulevard,…

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.

Mortgages

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$598k
Assessed land$453k
Assessed improvement$145k
Effective rate1.09%

Value estimate

· Sep 2026
$1.70M
$1.53M – $1.86M
AI approach$1.74M
NOI build-up
Gross scheduled income$46k
Vacancy & credit loss−$10k
Operating expenses−$9k
NOI · 880.63% cap applied$26k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$403/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$210 – $592
Qualifying comparables6

Cap rate analysis

How does the asset earn?
880.63%
$26k 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?
OX-3
The OX-3 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service rela...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Pet Grooming Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pet Grooming Service8.4
Watch Repair Shop7.8
Breakfast7.7

Location

627 W Lane St Raleigh, NC 27603
County assessor Recorded deeds · 9 transfers 6 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
718 Ln, Raleigh, NC 27603-1413 $1,135,000 Apr 2024 1,726 SF
303 Boylan, Raleigh, NC 27603-1402 $950,000 Nov 2022 1,554 SF
2716 Wilmington, Raleigh, NC 27603-2552 $485,100 Jul 2022 2,000 SF
221 Glenwood, Raleigh, NC 27603-1404 $1,170,000 May 2022 1,747 SF
709 Wn, Raleigh, NC 27603-1418 $651,000 Jun 2021 1,798 SF
1107 Fuller, Raleigh, NC 27603-2217 $1,549,000 Jul 2020 1,466 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
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message