2555 Capitol DrCreedmoor, NC 27522

Property Details for 2555 Capitol Dr

Year built

2000

Lot size

1.96 AC

Property size (Sq ft)

19,810 SF

Zone code

HB CAII

Property type

Office properties

Property subtype

Office buildings

APN

88703217017

APU

88703217017

Description

This exceptional 21,602 square foot shopping center presents a compelling investment opportunity in the rapidly growing Granville County area of North Carolina. Strategically located off I-85 at Exit 191, this property boasts a prime location with excellent visibility and accessibility. The building, constructed in 2000, comprises ten suites: nine storefront units and one interior unit, currently fully occupied by a diverse tenant mix including a restaurant, laundromat, beauty supply store, cell phone retailer, beauty salon, attorney's office, and real estate agency. The property sits on a 1.95-acre lot with full road frontage on Highway 56, benefiting from a high daily traffic count of 17,500 vehicles on Highway 56 and 32,500 on I-85. Recent improvements include a new roof installed in March 2021 and a resealed and restriped parking lot completed in October 2022. Its convenient location provides easy access to Research Triangle Park (RTP), North Raleigh, Raleigh-Durham International Airport (RDU), and the Virginia/North Carolina state line, ensuring strong tenant demand and potential for future growth. The asking price for this exceptional investment property is $4,250,000. This fully leased shopping center offers a stable income stream and significant upside potential in a thriving market. The property address is 2555 Capitol Drive, Creedmoor, NC 27522.

• CAP approach

  CAP return

  Valuation

  6%

  $3,335,588

  6.5%

  $3,079,004

  7%

  $2,859,076

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,547,188

  Geo Method

  $4,547,188

• Alternative Use

  Use

  Valuation

  Residential

  $3,817,966

  Hospitality

  $3,497,236

  Educational

  $2,909,659

  Medical

  $3,009,727

  Retail

  $4,526,136

Location Insight

City

Creedmoor

County

Granville

State

North Carolina

Latitude

36.143

Longitude

-78.7199

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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