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    5003 E Millbrook Rd Raleigh, NC 27609

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    For Lease
    Contact for pricing

    Retail and office spaces for lease in North Raleigh.

    Property size:
    82,463 SF
    Lot size:
    82,463 SF

    Property Features for 5003 E Millbrook Rd

    General Information

    Size
    82,463 SF

    Building Details

    Year built
    1969

    Source: Chip Lanier Agent Chip Lanier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail and Office Spaces Available

    Located at the intersection of Falls of Neuse Road and E. Millbrook Road, this property is part of the booming North Raleigh area. It features a mix of restaurants, retailers, and service uses. The property is highly visible to traffic on both Millbrook and Falls of Neuse Roads. Phase I includes Suite 14, a 2,186-square-foot, 2nd Generation restaurant, and Suite 15, which offers 2,133 square feet. Phase II offers 1st Floor retail spaces ranging from 1,025 to 12,203 square feet and 2nd Floor office spaces ranging from 659 to 7,355 square feet. The property is anchored by The Butcher’s Market, with co-tenants including Big Ed's, Cristo's, Burrito Shak, and Juice Keys.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Wake Forest Square, Quail Corners Shopping Center, Coinstar Kiosk | Bitcoin ATM, Colony Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7105745
    Latitude
    35.8632817

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    FAQs

    What type of property is this?
    Shopping center - Retail and office spaces for lease in North Raleigh.
    Where is this shopping center located?
    The property is located at 5003 E Millbrook Rd Raleigh, NC.
    What are key features of this property?
    This property features: - Located at the HIGH-TRAFFIC intersection of Falls of Neuse Road and E. Millbrook Road.; - Anchored by The Butcher’s Market with established co-tenants (Big Ed's, Cristo's, Burrito Shak, and Juice Keys).; - Part of the booming North Raleigh area.
    (919) 291-6282
    Request Owner's contact information
    5003 E Millbrook Rd Raleigh, NC 27609
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    Raleigh, NC 27609
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    Realmo Value Estimation

    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.

    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.

    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
    5003 E Millbrook Rd Raleigh, NC 27609
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