5540 Centerview DrRaleigh, NC 27606

Property Details for 5540 Centerview Dr

Year built

1986

Lot size

9.19 AC

Property size (Sq ft)

95,088 SF

Zone code

OX-4

Property type

Office buildings

APN

0773.16-92-4812 0184039

APU

773169248120184039

Description

This exceptional Class A office building, located in convenient West Raleigh at 5540 Centerview Drive, offers a variety of move-in ready executive office suites for lease. The four-story building boasts a total of 95,088 square feet situated on a generous 9.19-acre lot in Wake County. Multiple suite sizes are available to accommodate various business needs, ranging from approximately 2,174 square feet to 6,978 square feet. Specifically, Suite 101 offers 4,968 square feet; Suite 217 provides 3,151 square feet; Suite 304 encompasses 2,174 square feet; Suite 317 features 2,290 square feet; and Suite 405 comprises 2,554 square feet. A larger space, Suite 415/421, totaling 6,978 square feet, is available December 1, 2024, and can be subdivided into two units of 3,321 and 3,556 square feet. The building is equipped with high-speed Level 3 fiber optics, ensuring seamless connectivity. Ample parking is provided at a ratio of 4.6 spaces per 1,000 square feet. This locally-owned property presents a fantastic opportunity for businesses seeking premium office space in a desirable West Raleigh location. All suites are move-in ready.

• CAP approach

  CAP return

  Valuation

  6%

  $23,048,760

  6.5%

  $21,275,780

  7%

  $19,756,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,171,840

  Geo Method

  $21,826,500

• Alternative Use

  Use

  Valuation

  Residential

  $26,381,966

  Hospitality

  $24,165,740

  Educational

  $20,105,612

  Medical

  $20,797,074

  Retail

  $31,275,396

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.7631

Longitude

-78.7323

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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