Property profile

901 Morgan St Raleigh, NC 27603

OFF-MARKET
Turn key restaurants
Property ID
US53-1060791
2,600 SF 0.12 ac lot Built 1920
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Construction BRICK
Total area 2,600 SF
Lot 0.12 ac (5,227 SF)
Zoning code CX-5
APN 1703.05-29-0422 0078800
UPID US53-1060791

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
  • Restaurant

Location

901 Morgan St Raleigh, NC 27603-1511
Raleigh metro Census 51000 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2019
2 recorded transactions
2022
Price N/A
2019
$2.5M

Zoning & alternative use

CX-5 · Raleigh, NC
Zoning description

ility Sec. 3.3.1. Applicability Each Mixed Use District must include one of the following height designations. The designation establishes the maximum height in stories and feet for each mixed use district. For example,…

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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