2539 Noblin RdRaleigh, NC 27604
- Industrial properties
- 45,203 SF
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
- Industrial properties
- Property subtype
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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