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    1205 Corporation Pkwy Raleigh, NC 27610

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    For Lease
    $17 SF/Yr ($7,291 /Mo)

    Multi-tenant flex building with warehouse and office space for sublease.

    Property size:
    5,000 SF
    Lot size:
    5,000 SF

    Property Features for 1205 Corporation Pkwy

    General Information

    Size
    5,000 SF

    Building Details

    Year built
    1999

    Source: Mike Glennon Agent Mike Glennon

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

    Overview

    Flex Building Near New Bern Avenue

    This 5,000 square foot multi-tenant flex building is located along the New Bern Avenue corridor on Corporation Parkway, near the Lincoln Park East industrial Park. The property is situated off New Bern Avenue/US 64 Hwy in east Raleigh, with convenient access to I-40, I-440, and I-540. A 2,500 square foot suite is available for sublease, featuring approximately 1,800 square feet of conditioned warehouse space and approximately 700 square feet of office space. The property is zoned IX-3 and includes one 8’ x 10’ roll-up door and a recently paved parking lot. The suite has an approximate 12’ ceiling height. Tenant is responsible for electric and gas utilities. The lease rate is $17.50 per square foot per year on a modified gross basis.
    Insight Report Location Intelligence

    Current Use by Public Records

    Registers Auto Glass Auto Glass Shop

    Suggested Use

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

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

    Similar Places Nearby

    Fancy Settings Catering

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5687774
    Latitude
    35.7957992

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    FAQs

    What type of property is this?
    Flex space - Multi-tenant flex building with warehouse and office space for sublease.
    Where is this flex space located?
    The property is located at 1205 Corporation Pkwy Raleigh, NC.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location near I-40, I-440, and I-540, offering excellent accessibility.; - 2,500 SF suite available for sublease with a mix of **conditioned warehouse (\u00b11,800 SF) and office space (\u00b1700 SF).**; - Flexible IX-3 zoning suitable for a variety of business uses.
    (703) 772-2339
    Request Owner's contact information
    1205 Corporation Pkwy Raleigh, NC 27610
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    Raleigh, NC 27610
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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
    1205 Corporation Pkwy Raleigh, NC 27610
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