Property profile

706 Pershing Rd Raleigh, NC 27608

OFF-MARKET
Industrial land
Property ID
US53-2078105
1,102 SF 1.36 ac lot Built 1955
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 1955
Total area 1,102 SF
Lot 1.36 ac (59,242 SF)
Zoning code IH
APN 1704.08-97-7824 0147758
UPID US53-2078105

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

706 Pershing Rd Raleigh, NC 27608-2712
Raleigh metro Census 51800 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2012
2 recorded transactions
2012
$255,000
1969
Price N/A

Zoning & alternative use

IH · Raleigh, NC
Zoning description

Heavy Industrial (IH) The IH District is intended to accommodate high-impact manufacturing, industrial or other uses, including extractive and waste-related uses, which are not properly associated with or are not compati…

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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