Flex Facility with Gym
For Sale
$4,899,000
4400 Old Poole Road, Raleigh, NC 27610
COMMERCIAL - Raleigh, NC
Property Size25,500 SF
Price / SF$192.12
Days on Market931
Property Features for 4400 Old Poole Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-6
Exterior features
Fenced Yard
Fencing
Chain Link, Fenced
Lot features
Cleared, Level
Standard status
Active
APN
0005047
Size
25,500 SF
Taxes and HOA fees
Tax Year
2023
Tax Description
LO1 Abundant Life Church of God Inc 02-1197
Tax Annual Amount
62143
Legal Description
LO1 Abundant Life Church of God Inc 02-1197
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1997
Flooring type
Tile - Ceramic, Concrete
Building materials
Brick
Listing Agency:
Grason Realty, LLC
(919) 801-9662
Listed By:
Beverly Robinson · License #212379
(919) 801-9662
Added: Jan 11, 2024
Changed: Jul 17
Last Checked: Jul 30 at 11:06PM
MLS# 10005806
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Building B in this expansive facility offers a flexible interior layout designed for adaptable day-to-day use. The space includes an office and room configuration featuring three single offices, one triple-sized room, three double-sized rooms, and four single-sized rooms. Additional improvements include kitchen space, a dedicated storage room, and both multi-stall and single-stall restrooms. An approximate 10,000 sq ft gym area is also available as part of the overall building configuration.
The property is set in a rural setting and is part of a campus with two buildings; only Building B is offered for sale. Access and pricing details are available through the listing agent, and there is no sign or lockbox on the property.
Room-level leasing is available either individually or as a full-building lease, and the gym space is offered for lease separately. Short-term daily rentals are also available, with pricing based on room size and use.
The property is set in a rural setting and is part of a campus with two buildings; only Building B is offered for sale. Access and pricing details are available through the listing agent, and there is no sign or lockbox on the property.
Room-level leasing is available either individually or as a full-building lease, and the gym space is offered for lease separately. Short-term daily rentals are also available, with pricing based on room size and use.
Key Highlights
- 25,000 SF facility (Building B) built in 1997, constructed with brick exterior
- Building B layout includes 3 single offices, 1 triple‑sized room, 3 double‑sized rooms, and 4 single‑sized rooms
- Approx. 10,000 SF gym area plus kitchen space, storage room, and multi‑stall and single‑stall restrooms
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $602.8k | $23.64 |
| − Vacancy | −$101.3k | −$3.97 |
| EGI | $501.5k | $19.67 |
| − OpEx | −$125.4k | −$4.92 |
| NOI | $376.2k | $14.75 |
25,500 SF · lease $23.64/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.37M
$4.70M – $6.27M
NOI $376,160 @ 7.0% cap · market cap 7.68%
Second Best
Industrial
$3.36M
$2.94M – $3.92M
NOI $235,016 @ 7.0% cap · market cap 4.80%
Theoretical Best
Specialty Retail
$7.48M
$6.54M – $8.72M
NOI $523,260 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 27610, NC
75,164
Population
29,245
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
86%
High-School Grad
45.2 sq mi
ZIP Area
1,663
Density / Sq Mi
$66,245
Median Household Income
$37,582
Median Earnings
$1,319
Median Rent
$260,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Fitness center & gym - Building B includes office and multi-room space plus an approximate 10,000 sq ft gym area.
Where is this fitness center & gym located?
The property is located at 4400 Old Poole Road Raleigh, NC.
What is the asking price?
The asking price for this property is $4,899,000.
What are key features of this property?
This property features: 25,000 SF facility (Building B) built in 1997, constructed with brick exterior; Building B layout includes 3 single offices, 1 triple‑sized room, 3 double‑sized rooms, and 4 single‑sized rooms; Approx. 10,000 SF gym area plus kitchen space, storage room, and multi‑stall and single‑stall restrooms
