Property profile

701 Person St Raleigh, NC 27604

OFF-MARKET
Turn key restaurants
Property ID
US53-5590033
2,602 SF 0.12 ac lot Built 1936
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1936
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,602 SF
Lot 0.12 ac (5,227 SF)
Zoning code NX-3
APN 1704.20-82-3375 0025838
UPID US53-5590033

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
  • Freight Service Logistics Company
  • Bar & Pub Restaurant

Location

701 Person St Raleigh, NC 27604-1215
Raleigh metro Census 50400 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

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

Owner & transaction history

since 2013
5 recorded transactions
2022
Price N/A
2017
Price N/A
2013
$625,000
2008
$602,000
1969
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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