2539 Noblin RdRaleigh, NC 27604

  • Industrial properties
  • 45,203 SF
For Sale
$5,995,000 View listing

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
2539 Noblin Rd, Raleigh, North Carolina

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,286
-
$2,870,284
$2,870,284
-
-
$2,870,284
$2,870,284

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