2902 Forestville RdRaleigh, NC 27616

Property Details for 2902 Forestville Rd

Year built

2008

Construction

FRAME

Lot size

2.88 AC

Property size (Sq ft)

13,255 SF

Zone code

CX-3

Property type

Drug stores

APN

1748.04-50-9909 0358216

APU

1748045099090358216

Description

Forestville Crossing, located at 2902 Forestville Rd and 8410-8470 Louisburg Rd, Raleigh, NC 27616, offers exceptional leasing opportunities in a vibrant shopping center anchored by Lowes Foods. This property boasts a total of 8,968 square feet, with a flexible layout accommodating various business needs. Currently, there are two available spaces: one measuring 3,646 square feet and another significantly larger at 5,322 square feet, representing the entire vacant space. The minimum divisible space is 2,661 square feet, while the maximum contiguous space available is 5,322 square feet. The property is classified as Retail, Office, and Restaurant space, with a current subtype focus on Executive Office, Retail, and Medical uses. Multiple tenancies are supported. Ample parking is provided with 817 spaces available for tenants and customers. This prime location presents an excellent chance for businesses seeking high visibility and convenient access within a thriving retail environment. The property's versatile design and substantial square footage make it ideal for a range of businesses, from executive offices to retail establishments and medical practices. Contact us today to learn more about these exceptional leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $3,899,360

  6.5%

  $3,599,410

  7%

  $3,342,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,649,240

  Geo Method

  $3,164,250

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,267,250

  Mixed-Use / Specialty

  $3,486,340

  Hospitality / Lodging

  $2,427,310

  Office

  $3,361,220

  Institutional / Educational

  $3,588,560

  Residential Income

  $4,198,620

  Multifamily

  $5,591,290

  Automotive / Energy

  $3,075,910

  Parking / Income-Based Land

  $1,160,490

  Restaurant / Food Service

  $1,599,350

  Healthcare / Senior Housing

  $3,677,960

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8949

Longitude

-78.5074

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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