Property profile

6404 Glenwood Ave Raleigh, NC 27612

OFF-MARKET
Drive through restaurants
Property ID
US53-1229431
2,655 SF 0.7 ac lot Built 2002
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2002
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,655 SF
Lot 0.7 ac (30,492 SF)
Zoning code CX-3
APN 0786.07-77-3538 0121244
UPID US53-1229431

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
  • Restaurant

Location

6404 Glenwood Ave Raleigh, NC 27612-2620
Raleigh metro Census 52506 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2020
Price N/A

Zoning & alternative use

CX-3 · Raleigh, NC
Zoning description

The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses

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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