4901 Glenwood AveRaleigh, NC 27612

Property Details for 4901 Glenwood Ave

Year built

1972

Construction

METAL FRAME

Lot size

3.03 AC

Property size (Sq ft)

43,800 SF

Zone code

OX-7

Property type

Office buildings

APN

0796.18-32-5171 0082207

APU

796183251710082207

Description

This exceptional Raleigh office property at 4901 Glenwood Avenue offers a prime location in Wake County, NC, with easy access to major thoroughfares. The building comprises 39,901 square feet across three stories, providing a total of 139 parking spaces (a generous 3.85 spaces per 1,000 square feet). Currently, there is 6,313 square feet of vacant space available, divisible into units ranging from a minimum of 1,939 square feet to a maximum contiguous space of 4,374 square feet. The building is classified as both Executive and Creative Office space, catering to a variety of business needs. Multiple tenancy options are available, making it suitable for both large and small businesses. The building features convenient elevators for easy access to all three floors. The property's address is 4901 Glenwood Ave, Raleigh, NC 27612. This location offers a blend of professional ambiance and convenient access, making it an ideal choice for businesses seeking a thriving and well-connected environment. The building's modern design and ample parking ensure a comfortable and productive workspace for employees and clients alike. Inquire today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $12,032,400

  6.5%

  $11,106,900

  7%

  $10,313,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,594,800

  Geo Method

  $10,053,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $24,014,000

  Retail / Commercial

  $11,893,900

  Mixed-Use / Specialty

  $11,520,300

  Hospitality / Lodging

  $8,020,840

  Institutional / Educational

  $11,858,100

  Residential Income

  $13,874,000

  Multifamily

  $18,475,900

  Automotive / Energy

  $10,164,100

  Parking / Income-Based Land

  $3,834,740

  Restaurant / Food Service

  $5,284,900

  Healthcare / Senior Housing

  $12,153,500

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8436

Longitude

-78.6843

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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