2539 Noblin RdRaleigh, NC 27604

Property Details for 2539 Noblin Rd

Year built

1965

Construction

BRICK

Lot size

0.01 AC

Property size (Sq ft)

45,203 SF

Zone code

IX-3

Property type

Warehouses

APN

1714.08-99-1383 0022223

APU

1714089913830022223

Description

This exceptional investment opportunity presents a fully leased, multi-tenant industrial warehouse totaling 63,304 square feet situated on a 4.64-acre lot in Raleigh, NC. The property boasts a strong 10.5% capitalization rate and a compelling price per square foot of $94.70. Built in 1965/1969, the single-building property features eight dock-high doors and a 19-foot ceiling height. The property is zoned IND-2 and enjoys 100% occupancy across four units, each leased to a nationally recognized tenant with investment-grade credit ratings. Tenants include Beacon Waterproofing Products (owned by Beacon Roofing Supply), Sherwin-Williams Co., Capital Lighting & Supply (owned by Sonepar), and Continental Battery Company (backed by H.I.G. Capital). This prime location offers excellent access to I-440, providing convenient access to major transportation arteries, including US-401, I-40, PNC Arena, Carter-Finley Stadium, Raleigh-Durham International Airport, and Research Triangle Park (RTP). The Northeast Wake County submarket boasts a low 3.2% industrial vacancy rate, underscoring the desirability and stability of this investment. The land value alone is $33.38 per square foot, further enhancing the overall value proposition. This is a rare opportunity to acquire a high-performing, multi-tenant industrial asset in a thriving Raleigh location. Leasehold ownership.

• Alternative Use

  Use

  Valuation

  Residential

  $12,541,477

  Hospitality

  $11,487,926

  Educational

  $9,557,820

  Medical

  $9,886,528

  Retail

  $14,867,719

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8082

Longitude

-78.598

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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