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118 Forest Rd; Raleigh, NC Property Details

118 Forest Rd, Raleigh, NC is a Commercial Office that was built in 1980. This property is currently Financed and is not for sale. Our records show that 118 Forest Rd has 2 bedrooms, and 2 bathrooms, and a total of 10,100 square feet. The lot size of 118 Forest Rd is 22,651 square feet.

For Rent
1506 Hillsborough St Raleigh, NC 27605
$1,950 Listing Price
2 Beds
2 Baths
10,100 SqFt
Property Type
Commercial Office
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Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1980
  • Purchase Price: $1,150,000
  • APN: 1704.17-10-3697-000
  • Situs County: Wake
  • Length Of Ownership: 24 years, 6 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 2

Structure

  • Building Style: Steel
  • Stories: 1
  • Exterior Wall Type: Brick
  • Building Condition: Good
  • Roof Type: Flat
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 10,100/SqFt
  • Lot: 22,651/SqFt
  • Gross: 10,100/SqFt
  • Living: 10,100/SqFt
  • Basement: 4,800/SqFt
  • Building: 10,100/SqFt
  • Ground: 10,100/SqFt
  • Price Per Square Foot: $113.86

Legal Description

  • Description: LO2 & 1 CAMERON PARK BL10
Building Insights

Land Information

  • Property Type: Commercial Office
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Wake County Schools
  • Lat / Lon: 35.784634 / -78.65807
  • Subdivision: Cameron Park
  • Property Class: Office
  • Zoning: OX-3
  • County Use Code: 34

Amenities

  • Heating Fuel Type: Solar
  • Plus Four: 1831
  • Cooling: Central
  • Heating: Solar

Ownership Info

1506 Hillsborough St has no associated ownership info
1506 Hillsborough St has no associated ownership info.

Taxes

1506 Hillsborough St has 10 associated Taxes items

118 Forest Rd, Raleigh, NC pays taxes in Wake County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $2,982,050. The APN we've located for 118 Forest Rd is 1704.17-10-3697-000.

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Taxes
  • Assessed Value:  $2,982,050
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  1704.17-10-3697-000
  • Assessed Land Value:  2174496
  • Market Land Value:  2174496
  • Tax Amount:  29883.13
  • Tax Year:  2025
  • Market Value:  2982050
  • Market Year:  2025

Tax History

1506 Hillsborough St has 12 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $2,982,050 Land Value $2,174,496 Improvement Value $807,554 Tax Amount $29,883.13 Change Rate -0.099465% Assessed CR Tax Rate +0.010021%
Year 2024 Assessed Value $3,323,362 Land Value $2,174,496 Improvement Value $1,148,866 Tax Amount $33,183.77 Change Rate +0.145917% Assessed CR Tax Rate +0.009985%
Year 2023 Assessed Value $2,406,580 Land Value $1,359,740 Improvement Value $1,046,840 Tax Amount $28,958.27 Change Rate +0.066667% Assessed CR Tax Rate +0.012033%
Year 2022 Assessed Value $2,335,344 Land Value $1,359,740 Improvement Value $975,604 Tax Amount $27,148.38 Change Rate +0.086957% Assessed CR Tax Rate +0.011625%
Year 2021 Assessed Value $2,335,344 Land Value $1,359,740 Improvement Value $975,604 Tax Amount $24,976.5 Change Rate +0.016925% Assessed CR Tax Rate +0.010695%
Year 2020 Assessed Value $2,335,344 Land Value $1,359,740 Improvement Value $975,604 Tax Amount $24,560.81 Change Rate +0.130671% Assessed CR Tax Rate +0.010517%
Year 2019 Assessed Value $1,659,586 Land Value $702,408 Improvement Value $957,178 Tax Amount $21,722.33 Change Rate Assessed CR Tax Rate +0.013089%
Year 2018 Assessed Value $1,659,586 Land Value $702,408 Improvement Value $957,178 Tax Amount Change Rate Assessed CR Tax Rate
Year 2017 Assessed Value $1,659,586 Land Value $702,408 Improvement Value $957,178 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $1,659,586 Land Value $702,408 Improvement Value $957,178 Tax Amount $14,000 Change Rate -0.044891% Assessed CR Tax Rate +0.008436%
Year 2015 Assessed Value $1,236,441 Land Value $226,510 Improvement Value $1,009,931 Tax Amount $14,658.01 Change Rate +0.047447% Assessed CR Tax Rate +0.011855%
Year 2014 Assessed Value $1,236,441 Land Value $226,510 Improvement Value $1,009,931 Tax Amount $13,994.04 Change Rate Assessed CR Tax Rate +0.011318%
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