Wake County property record for 1151 Falls River Ave, Raleigh, NC 27614
| Property Type | Regional Shopping Center, Mall |
|---|---|
| Details | 5,653 sqft · built 2006 |
| Lot Size | 1.12 acres (48,787 sqft) |
| Owner | Company Name on Record |
| Last Sale | $18,700,000 (Jan 2026) |
| Tax Bill | $16,370 (2025) |
| Deeds & Mortgages | Jun 2026 Line of Credit |
| Flood Zone | Zone X (minimal risk) |
| APN | 1728.01-25-0624-000 |
| Primary APN | 1728.01-25-0624-000 |
|---|---|
| Alternative APNs |
|
| Units | 6 Units |
|---|---|
| Stories | 1 Story |
| Building Area | 5,653 sqft Gross Area |
| 1st Floor Area | 5,653 sqft |
| Fire Sprinklers | Fire Sprinklers |
| Year Built | Built 2006 |
|---|---|
| Effective Year Built | Effective 2006 |
| Architectural Style | Conventional |
| Exterior Material | Brick |
| Construction Type | Steel Frame |
| Fire Resistance | Fireproof Steel Frame |
| Lot Area | 48,787 sqft (1.12 acres) |
| Cooling System | Central |
|---|---|
| Heating System | Forced Air with A/C |
| Sewer | Connected |
| Account Number | 0219540 |
|---|---|
| Street Address | 1151 FALLS RIVER AVE |
| City | RALEIGH |
| State | NC |
| Zip | 27614-8515 |
| Property Category | Commercial |
| Property Type | Commercial > Retail > Regional Shopping Center, Mall |
| Local Zoning Code | PD |
| Legal Description | LO5 FALLS RIVER TOWN CENTER TWO BM2005-0 |
| Legal Subdivision | FALLS RIVER TOWN CENTER |
| Legal Lot Number | 5 |
| Jurisdiction | WAKE NC |
| Township / Civil Division | NEUSE |
| Census Block Group | 1 |
| Census Block | 1013 |
| Census Tract | 54019 |
Source: Wake County records, as of July 14, 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | Company Name on Record |
|---|---|
| Mailing Address | 640 N LA SALLE DR, 605, CHICAGO, IL 60654-6735 |
| Owner Type | Company |
| Vesting | Limited Liability Partnership |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Jan 9, 2026 · Amount on Record |
| Deed Sale | Jan 9, 2026 · Amount on Record |
| Prior Sale | Jan 3, 2006 · Amount on Record |
| Deed Document Number | 20262813 |
| Deed Book / Page | 20116 / 1304 |
| Prior Transfer Date | Nov 26, 2013 |
| Prior Transfer Doc | 1568001370 |
| Record Updated | Oct 29, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | WAKE NC |
| Recording Date | Jun 30, 2026 |
| Property Address | 1151 FALLS RIVER AVE, RALEIGH, NC 27614-8515 |
| Document Number | 0000073301 |
| Book / Page | 20272 / 1086 |
| Instrument Date | Jun 25, 2026 |
| Instrument | 202673301 |
| Transaction Type | Mortgage |
| Record Updated | Jul 14, 2026 |
| Title Company | CHICAGO TITLE W, CHICAGO TITLE |
| Name | Verified Name |
|---|---|
| Relationship | Limited Liability Partnership, 266 |
| Document Number | 0000073301, |
|---|---|
| Date | Jun 30, 2026 |
| Book Page | 20272/1086 |
| Instrument | 202673301 |
| Name | US BANK |
|---|
| Type | Line of Credit |
|---|---|
| Amount | Amount Recorded |
| Rate | 6.53% |
|---|---|
| Max Rate | -1% |
Source: Wake County assessment roll, as of September 9, 2025
| Type | Name |
|---|---|
| State | North Carolina |
| County | Wake County |
| Municipality | Raleigh City |
| Unified School District | Wake County Schools (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $16,370.00 (+14.44%) | $1,877,182 (+43.04%) Land $494,700 Building $1,382,482 | $1,877,182 (+43.04%) Land $494,700 Building $1,382,482 |
| 2023 | $14,304.00 | $1,312,303 Land $396,711 Building $915,592 | $1,312,303 Land $396,711 Building $915,592 |
Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.
Source: FEMA National Flood Hazard Layer, effective September 7, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Flood Insurance Requirement | Not required lenders may require it |
| Community Rating System | Class 5 (25% premium discount) |
| Nearby Flood Policies | 6 in force |
| Nearby Flood Claims | 1 (2018) |
| Claims Outside the SFHA | 1 of 1 |
| Most Recent Claim | Oct 2018 · other causes |
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 80% of the US · lower than 76% of North Carolina |
|---|---|
| Wildfire Likelihood | 0.01% annual chance |
| Exposure | None beyond ember reach |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | CITY OF RALEIGH serves 650,000 people · EPA ID NC0392010 |
|---|---|
| Water Source | Surface water |
| Last State Inspection | Feb 2026 |
| Lead | Under 1 ppb (2023–2025) action level 15 ppb |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | None last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.
Source: FCC Broadband Data Collection, based on 222 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Google Fiber Fiber | 8,000 / 8,000 |
| AT&T Fiber · DSL · Fixed Wireless in parts of the area | 5,000 / 5,000 |
| Spectrum Cable · Fiber in parts of the area | 1,000 / 1,000 |
| Verizon Fixed Wireless | 300 / 20 |
| T-Mobile Fixed Wireless | 100 / 20 |
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