Wake County property record for 3701 Gresham Lake Rd, Raleigh, NC 27616
| Property Type | Self Storage |
|---|---|
| Details | 100,971 sqft · built 2017 |
| Lot Size | 3.96 acres (172,498 sqft) |
| Owner | Company Name on Record |
| Last Sale | $13,500,000 (Aug 2024) |
| Tax Bill | $115,858 (2025) |
| Deeds & Mortgages | Jan 2022 Mortgage Feb 2018 Sale & Line of Credit |
| Flood Zone | Zone X (minimal risk) |
| APN | 1727.11-65-3974-000 |
| Primary APN | 1727.11-65-3974-000 |
|---|---|
| Alternative APNs |
|
| Units | 751 Units |
|---|---|
| Stories | 3 Stories |
| Building Area | 100,971 sqft Gross Area |
| 1st Floor Area | 858 sqft |
| Fire Sprinklers | Fire Sprinklers |
| Elevator | Elevator |
| Year Built | Built 2017 |
|---|---|
| Effective Year Built | Effective 2017 |
| Architectural Style | Conventional |
| Exterior Material | Brick |
| Construction Type | Steel Frame |
| Fire Resistance | Fireproof Steel Frame |
| Lot Area | 172,498 sqft (3.96 acres) |
| Total Buildings | 2 Buildings |
| Cooling System | Central |
|---|---|
| Heating System | Forced Air with A/C |
| Heating Fuel | Gas |
| Sewer | Connected |
| Account Number | 0306815 |
|---|---|
| Street Address | 3701 GRESHAM LAKE RD |
| City | RALEIGH |
| State | NC |
| Zip | 27616-3003 |
| Property Category | Industrial |
| Property Type | Industrial > Self Storage |
| Local Zoning Code | IX-5 |
| Legal Description | LO1 SPACE SHOP SELF STORAGE BM2017-02536 |
| Legal Block | 2 |
| Legal Lot Number | 1 |
| Jurisdiction | WAKE NC |
| Township / Civil Division | NEUSE |
| Census Block Group | 2 |
| Census Block | 2024 |
| Census Tract | 54016 |
Source: Wake County records, as of April 16, 2026
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Owner of Record | Company Name on Record |
|---|---|
| Mailing Address | 333 W WACKER DR, CHICAGO, IL 60606-1220 |
| Owner Type | Company |
| Vesting | Limited Liability Company |
| Date | Document |
|---|---|
| Jan 21, 2022 | Deed of Trust, Mortgage · Commercial Mortgage WELLS FARGO BANK NA |
| Feb 21, 2018 | Grant Deed, Mortgage · Line of Credit COLORADO ST BK&TR |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Aug 16, 2024 · Amount on Record |
| Deed Sale | Aug 16, 2024 · Amount on Record |
| Prior Sale | Feb 21, 2018 · Amount on Record |
| Deed Book / Page | 19688 / 486 |
| Record Updated | Jun 8, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | WAKE NC |
| Property Address | 3701 GRESHAM LAKE RD, RALEIGH, NC 27616-3003 |
| Transaction Type | Mortgage |
| Record Updated | Feb 9, 2022 |
| Title Company | FIRST NATIONAL FINANCIAL TITLE SERVICES I, FIRST NATL FINCL TTL SVCS LL |
| Name | Verified Name |
|---|---|
| Address | 350 SANSOME ST 900, 900, SAN FRANCISCO, CA 94104-1316 |
| Document Number | 18890/1463 |
|---|---|
| Date | Jan 21, 2022 |
| Book Page | 18890/1463 |
| Name | WELLS FARGO BANK NA |
|---|---|
| Type | Bank |
| Address | SAN FRANCISCO, CA 94104 |
| Type | Commercial Mortgage |
|---|
| Document Type | Grant Deed |
|---|---|
| Jurisdiction | WAKE NC |
| Recording Date | Feb 21, 2018 |
| Property Address | 3701 GRESHAM LAKE RD, RALEIGH, NC 27616-3003 |
| Document Number | 170491038 |
| Book / Page | 017049 / 001038 |
| Instrument Date | Feb 9, 2018 |
| Transaction Type | Mortgage |
| Record Updated | Mar 5, 2018 |
| Title Company | ATTORNEY ONLY |
| Amount | Amount Recorded |
|---|---|
| Tax | $17,600.00 |
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | PO BOX 320099 ALEXANDRIA VA 223204099, ALEXANDRIA, VA 22320-4099 |
| Document Number | 170491041 |
|---|---|
| Date | Feb 21, 2018 |
| Book Page | 017049/001041 |
| Name | COLORADO ST BK&TR |
|---|---|
| Type | Bank |
| Address | 16767 N PERIMETER DR # 200, SCOTTSDALE, AZ 85260-1062 |
| Type | Line of Credit |
|---|---|
| Amount | Amount Recorded |
| Term | 60 Months |
| Due | Feb 20, 2023 |
| Rate Type | Adjustable Rate |
|---|
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 | $115,858.00 (+21.32%) | $13,285,016 (+51.63%) Land $1,448,983 Building $11,836,033 | $13,285,016 (-) Land $1,448,983 Building $11,836,033 |
| 2024 | $13,285,016 (+51.63%) Land $1,448,983 Building $11,836,033 | ||
| 2023 | $95,500.00 | $8,761,504 Land $1,210,936 Building $7,550,568 | $8,761,504 Land $1,210,936 Building $7,550,568 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
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 | 7 in force |
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 97% of the US · lower than 98.5% of North Carolina |
|---|---|
| Wildfire Likelihood | Under 0.01% annual chance |
| Exposure | Direct burnable vegetation |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: FCC Broadband Data Collection, based on 105 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Spectrum Cable · Fiber in parts of the area | 1,000 / 1,000 |
| Verizon Fixed Wireless | 300 / 20 |
| T-Mobile Fixed Wireless | 100 / 20 |
| AT&T Fixed Wireless · DSL · Fiber in parts of the area | 100 / 20 |
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