Property profile

7780 Midtown Market Ave Raleigh, NC 27616

OFF-MARKET
Retail space
Property ID
US53-3844020
5,506 SF 2.21 ac lot Built 2020
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2020
Construction BRICK
Total area 5,506 SF
Lot 2.21 ac (96,268 SF)
Zoning code PD
APN 1736.02-69-5560 0422136
UPID US53-3844020

Cap rate & NOI

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

Location

7780 Midtown Market Ave Raleigh, NC 27616
Raleigh metro Census 54116 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.51M
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$1.16M

Owner & transaction history

since 2024
1 recorded transaction
2024
$6.0M

Zoning & alternative use

PD · Raleigh, NC
Zoning description

The site immediately abuts a district boundary of a Planned Development (PD-) district where the abutting property is vacant or contains a detached house, tiny house, or attached house and any of the following apply: Has…

General category PLANNED_DEVELOPMENT

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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