3501 Capital BlvdRaleigh, NC 27604

Property Details for 3501 Capital Blvd

Year built

1987

Lot size

8.94 AC

Property size (Sq ft)

56,201 SF

Zone code

IX-3

Property type

Retail properties

Property subtype

Strip malls

APN

1725.09-26-4453 0150410

APU

1725092644530150410

Description

Emporium Plaza, located at 3501 Capital Boulevard in Raleigh, North Carolina (zip code 27604), presents a compelling investment opportunity in a thriving retail market. This 108,581 square foot shopping center boasts 21 suites, with six currently available for lease. The available spaces range in size from 1,507 square feet to 4,960 square feet, offering flexibility for a variety of retail businesses. Strategically positioned at the corner of Old Buffalo Road and Capital Boulevard, the center benefits from exceptional visibility and accessibility. Its location within a densely populated area ensures high foot traffic and strong consumer demand. The center is situated blocks from numerous other shopping centers and restaurants, further enhancing its appeal and drawing from a substantial customer base. This prime location serves a population exceeding 70,000 people within a three-mile radius, providing a robust and established market for potential tenants. The property's size and location make it an ideal investment for those seeking a strong return in a high-growth area of Raleigh. Contact us today to learn more about the available spaces and leasing opportunities at Emporium Plaza.

• CAP approach

  CAP return

  Valuation

  6%

  $20,025,494

  6.5%

  $18,485,072

  7%

  $17,164,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $37,491,588

  Geo Method

  $32,508,952

• Alternative Use

  Use

  Valuation

  Residential

  $15,592,850

  Hospitality

  $14,282,966

  Educational

  $11,883,260

  Medical

  $12,291,944

  Retail

  $18,485,072

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8278

Longitude

-78.5869

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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