Property profile

8016 Glenwood Ave Raleigh, NC 27612

OFF-MARKET
Office buildings
Property ID
US53-0388517
22,732 SF 2.64 ac lot Built 1975
Entity Owned 23-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Construction BRICK
Total area 22,732 SF
Lot 2.64 ac (114,998 SF)
Zoning code OX-3
APN 0787.13-13-0096 0094237
UPID US53-0388517

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
  • (Bike/Boat/Book/etc) Store Corporate Office
  • State Police Police Station
  • Association / Organization

Location

8016 Glenwood Ave Raleigh, NC 27612-1949
Raleigh metro Census 53725 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
$3.38M
Blend (final) Blend
$2.80M

Owner & transaction history

since 2002
3 recorded transactions
2018
Price N/A
2002
$1.2M
1969
Price N/A

Zoning & alternative use

OX-3 · Raleigh, NC
Zoning description

The OX-3 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options

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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