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    5171 Glenwood Avenue unit 355 Raleigh, NC 27612

    View on Map
    For Lease
    $1,900 /Mo

    COMMERCIAL - Raleigh, NC

    Type:Office
    Property size:
    1,059 SF
    Added:
    Dec 9, 2025
    Days on Market:
    112
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for 5171 Glenwood Avenue unit 355

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking
    4
    Security features
    Security System
    Exterior features
    Courtyard, Uncovered Courtyard
    Accessibility
    Accessible Elevator Installed
    Appliances
    Bar Fridge, Microwave
    Standard status
    Active
    Size
    1,059 SF

    Taxes and HOA fees

    TaxDescription
    Interlock Glenwood - 5171 Glenwood Ave

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Flooring type
    Carpet

    We can help!

    Listing Contact
    Tip Iuliucci

    Listing agent Tip Iuliucci License #255763

    Listing office Northside Realty Inc. 4701 Creedmoor Rd, Ste.105, Raleigh, NC

    Listing date Dec 9, 2025

    MLS# 10136451

    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.

    Overview

    Raleigh Office Space Sublet

    This office space is available for sublet until May 31, 2026. Located on the 3rd floor of the Interlock Glenwood building, the unit features a small conference room, two private offices, and additional workstations. The space also includes a supply closet and a mechanical closet. A small refrigerator, microwave, and coffee maker are available for tenant use, and furniture is negotiable. The unit is situated across from the water fountain and bathroom. Interlock Glenwood offers amenities such as a gym with showers on the 1st floor, a shared kitchen area also on the 1st floor, and a courtyard with picnic tables and seating. The building provides 24/7 access with a key fob and auto-locks at the end of the business day. The unit has coded entry for over 50 employees. Located close to the Crabtree Valley Mall area, the property offers convenient access and plenty of parking. The space is 1059 square feet and is intended for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kurtosys Systems (Bike/Boat/Book/etc) Store Bankers Insurance LLC Insurance Agency Colonial Webb Contractors General Contractor Lung Cancer Initiative Charitable Organization Tejvi Salon Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.690732
    Latitude
    35.84544

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    FAQs

    What type of property is this?
    Office units - Short-term office space available in Raleigh, NC.
    Where is this office units located?
    The property is located at 5171 Glenwood Avenue unit 355 Raleigh, NC.
    What is the lease rate?
    The lease rate is $1,900 /Mo.
    What are key features of this property?
    This property features: Short‑term sublet opportunity available until May 31, 2026.; All‑inclusive rental in a convenient location near Crabtree Valley Mall.; **Includes a conference room, 2 private offices, and additional workstations.**
    (910) 527-0948
    We can help!
    Listing Contact
    Tip Iuliucci
    Real Estate License ID: 255763
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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