Building Details

Year Built 1997

Stories 1

Units 1

Tenancy Single

Listing Agency: Atlantic Capital Partners

Listed By: David Hoppe · License #NC 288268 Show Phone

Source: Crexi

Added: May 11 Changed: Oct 18 Last Checked: Oct 19 at 5:01AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Capital Partners

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Investment Insights

Based on property information with market context.

This commercial property is a retail space located in Raleigh, North Carolina. The property offers potential for business use. The property has a capitalization rate of 6.20% and qualifies for bonus depreciation. The property size is 200 square feet.

Key Highlights

• 6.20% CAP Rate
• Bonus Depreciation Potential
• Built in 1997

Property Analytics

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Current Use

Quarles Fleet Fueling Gas Station

Suggested Use

Top Pick Law Firm HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store Real Estate Agency Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

774

Businesses Nearby

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available in Raleigh, North Carolina.

Where is this retail space located?

The property is located at 1061 CORPORATION PKWY Raleigh, NC.

What is the asking price?

The asking price for this property is $1,096,000.

What are key features of this property?

This property features: 6.20% CAP Rate; Bonus Depreciation Potential; Built in 1997