951 Wendell BlvdWendell, NC 27591

  • Manufacturing properties
  • 103,657 SF
For Lease
$10.61/SF/YR View listing

Property Details for 951 Wendell Blvd

Year built
1978
Lot size
45.85 AC
Property size (Sq ft)
103,657 SF
Zone code
MI
Property type
Manufacturing properties
APN
1774.01-38-9363 0056404
APU
1774013893630056404

Description

This exceptional 106,000-square-foot industrial property, located at 951 Wendell Blvd, Wendell, NC 27591, presents a unique investment opportunity. The single-story building, constructed in 1978, boasts a 15-foot ceiling height and is classified as Class C. Currently, 40,000 square feet of space is available for lease, ideal for manufacturing or research and development purposes. The property sits on 17 acres of land and is zoned MI, offering ample room for expansion or outdoor operations. The building features open workspaces and existing offices, providing flexibility for various business needs. The landlord is open to customizing the space to meet specific tenant requirements, including the installation of drive-in dock doors and additional bathrooms. Furthermore, the landlord is willing to subdivide the vacant space to accommodate smaller tenants seeking a more tailored solution. This property offers convenient access to Downtown Raleigh, situated approximately 20 minutes away, and provides ample parking for employees and visitors. This is a rare opportunity to secure substantial industrial space in a prime location within the Greater Raleigh area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $28,759,418
    Hospitality
    $26,343,472
    Educational
    $21,917,460
    Medical
    $22,671,234
    Retail
    $34,093,824

Location Insight

City
Wendell
County
Wake
State
North Carolina
Latitude
35.8047
Longitude
-78.4133
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$119,017
$1,283,517
$10,142,216
$11,425,733
-
$1,283,517
$10,142,216
$11,425,733

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