Property profile

6425 Glenwood Ave Raleigh, NC 27612

OFF-MARKET
Auto shops
Property ID
US53-2068749
5,160 SF 2.11 ac lot Built 1980
Individually Owned 8-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2.11-acre mixed-use property at 6425 Glenwood Avenue in Raleigh, NC, presents a compelling investment opportunity. The 13,104 square foot site boasts two established national tenants on NNN leases, extending through 2029 with renewal options, ensuring consistent income. One tenant has occupied the space for over 40 years, demonstrating long-term stability and market viability. A significant component of the property is a 5,000 square foot, six-bay auto repair shop, a community fixture for 44 years, offering ample space and high visibility from Glenwood Avenue. This building presents potential for modernization, repurposing, or continued operation. The property also includes vacant land, ideal for constructing an additional 5,000 square foot building, allowing for expansion or the development of new ventures. An existing easement behind the auto repair shop provides convenient potential vehicle access. The property's prime location in Northwest Raleigh offers excellent visibility and accessibility, making it an attractive investment with significant upside potential for future growth and redevelopment. The asking price is $5,900,000.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1980
Total area 5,160 SF
Lot 2.11 ac (91,912 SF)
Zoning code IX-3
APN 0786.11-67-6390 0019347
UPID US53-2068749

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
  • Auto Repair Shop

Location

6425 Glenwood Ave Raleigh, NC 27612-2619
Raleigh metro Census 52507 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$555k

Owner & transaction history

since 2017
4 recorded transactions
2017
$375,000
2010
$332,427
2006
Price N/A
1969
Price N/A

Zoning & alternative use

IX-3 · Raleigh, NC
Zoning description

The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities

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
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?”
You own 6425 Glenwood Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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