Taxes
- Assessed Value: $62,891,937
- Assessed Year: 2025
- Assessed County: Wake
- APN: 1703.42-66-5351-000
- Assessed Land Value: 8664008
- Market Land Value: 8664008
- Tax Amount: 591247.11
- Tax Year: 2025
- Market Value: 62891937
- Market Year: 2025
602 S Salisbury St; Raleigh, NC Property Details
Off market
602 S Salisbury St Raleigh, NC 27601
$62,891,937 Estimated Value
151,056 SqFt
Property Type
HotelProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Year Built: 2016
- Purchase Price: $596,500
- Open Loans / Balance: 1 / $1,157,726
- APN: 1703.42-66-5351-000
- Situs County: Wake
- Length Of Ownership: 26 years, 3 months
Structure
- Building Style: Concrete
- Stories: 5
- Exterior Wall Type: Brick
- Sewer Type: Yes
- Water Source: Yes
Measurements
- Total: 151,056/SqFt
- Lot: 22,651/SqFt
- Gross: 151,056/SqFt
- Living: 151,056/SqFt
- Building: 151,056/SqFt
- Ground: 7,802/SqFt
- Price Per Square Foot: $3.95
Legal Description
- Description: LO1 RCMB CITY OF RALEIGH PROPERTY BM2014
Building Insights
Land Information
- Property Type: Hotel
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Wake County Schools
- Lat / Lon: 35.772594 / -78.640785
- Subdivision: Rcmb City Of Raleigh
- Property Class: Commercial
- Zoning: DX-20
- County Use Code: 31
Amenities
- Plus Four: 2116
- Cooling: Central
- Heating: Forced air unit
Ownership Info
602 S Salisbury St has no associated ownership info
602 S Salisbury St has no associated ownership info.
Taxes
602 S Salisbury St has 10 associated Taxes items
602 S Salisbury St, 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 $62,891,937. The APN we've located for 602 S Salisbury St is 1703.42-66-5351-000.
Unlock the full reportTax History
602 S Salisbury St has 9 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $62,891,937 | Land Value $8,664,008 | Improvement Value $54,227,929 | Tax Amount $591,247.12 | Change Rate +0.016867% | Assessed CR | Tax Rate +0.009401% |
| Year 2024 | Assessed Value $62,086,471 | Land Value $8,664,008 | Improvement Value $53,422,463 | Tax Amount $581,439.81 | Change Rate +0.30457% | Assessed CR | Tax Rate +0.009365% |
| Year 2023 | Assessed Value $38,139,190 | Land Value $4,534,730 | Improvement Value $33,604,460 | Tax Amount $445,694.56 | Change Rate +0.174516% | Assessed CR | Tax Rate +0.011686% |
| Year 2022 | Assessed Value $38,139,190 | Land Value $4,534,730 | Improvement Value $33,604,460 | Tax Amount $379,470.91 | Change Rate +0.329851% | Assessed CR | Tax Rate +0.00995% |
| Year 2021 | Assessed Value $38,139,190 | Land Value $4,534,730 | Improvement Value $33,604,460 | Tax Amount $285,348.34 | Change Rate +0.338414% | Assessed CR | Tax Rate +0.007482% |
| Year 2020 | Assessed Value $38,139,190 | Land Value $4,534,730 | Improvement Value $33,604,460 | Tax Amount $213,198.91 | Change Rate +0.895351% | Assessed CR | Tax Rate +0.00559% |
| Year 2019 | Assessed Value $9,206,514 | Land Value $2,817,229 | Improvement Value $6,389,285 | Tax Amount $112,485.19 | Change Rate | Assessed CR | Tax Rate +0.012218% |
| Year 2018 | Assessed Value $24,130,002 | Land Value $3,394,252 | Improvement Value $20,735,750 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2017 | Assessed Value | Land Value | Improvement Value | Tax Amount $266,202.19 | Change Rate | Assessed CR | Tax Rate |