2420 HillsboroughRaleigh, NC 27607

Off market
$1,011,412 Estimated
  • Retail space
  • 6,052 SF

Property Details for 2420 Hillsborough

Year built
1942
Construction
BRICK
Lot size
0.16 AC
Property size (Sq ft)
6,052 SF
Zone code
NB
Property type
Retail space
Property subtype
Storefront properties
APN
0794.20-81-5896 0051310
APU
794208158960051310

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,156,444
    6.5%
    $1,990,563
    7%
    $1,848,380
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,037,278
    Geo Method
    $3,500,724
  • Alternative Use

    Use
    Valuation
    Residential
    $1,679,115
    Hospitality
    $1,538,060
    Educational
    $1,279,648
    Medical
    $1,323,657
    Retail
    $1,990,563
2420 Hillsborough, Raleigh, North Carolina

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.7879
Longitude
-78.6675
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,542
$627,300
$384,112
$1,011,412
-
$627,300
$384,112
$1,011,412

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