7330 Old Wake Forest RdRaleigh, NC 27616
- Retail properties
- 143,824 SF
Property Details for 7330 Old Wake Forest Rd
- Year built
- 2001
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 12.30 AC
- Property size (Sq ft)
- 143,824 SF
- Zone code
- CX-3
- Property type
- Retail properties
- Property subtype
- Other retail properties
- APN
- 1727.19-51-0036 0280478
- APU
- 1727195100360280478
Description
This exceptional single-tenant retail property, located at 7330 Old Wake Forest Rd in Raleigh, NC (zip code 27616), presents a significant opportunity for a discerning business. The property boasts a substantial 154,004 square feet of vacant space, ready for immediate occupancy. Situated on a generous 12.3-acre lot in Wake County, this location offers unparalleled visibility and accessibility. The building's expansive footprint provides ample room for a wide range of retail operations, allowing for creative design and efficient layout. The property's single-tenant configuration offers streamlined management and control, eliminating the complexities of multi-tenant operations. Its prime location in Raleigh, North Carolina, ensures high traffic volume and exposure to a large consumer base. This is an ideal opportunity for a business seeking a large, high-profile space to establish or expand its operations. The property is currently available for lease and offers a blank canvas for a business to create a truly impactful retail presence. The property's size and location make it a rare find in the competitive Raleigh market. Serious inquiries are encouraged to explore this exceptional retail opportunity. The property is classified as commercial retail and is ready for immediate development. This is a single-tenant property, offering a unique opportunity for a business to establish a significant presence in the Raleigh area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $51,247,248
- 6.5%
- $47,305,152
- 7%
- $43,926,216
-
Comparable approach
- Method
- Valuation
- Relative Method
- $95,944,736
- Geo Method
- $83,193,672
-
Alternative Use
- Use
- Valuation
- Residential
- $39,903,668
- Hospitality
- $36,551,544
- Educational
- $30,410,456
- Medical
- $31,456,318
- Retail
- $47,305,152
Location Insight
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Latitude
- 35.8679
- Longitude
- -78.5779
- 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
FAQs
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