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    3801 Western Blvd Raleigh, NC 27606

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    For Lease
    $35 SF/Yr

    7,130 SF retail building near NC State's South Campus.

    Property size:
    7,130 SF
    Lot size:
    7,130 SF

    Property Features for 3801 Western Blvd

    General Information

    Size
    7,130 SF

    Building Details

    Year built
    1955

    Source: Stone Alexander Agent Stone Alexander

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

    Overview

    Retail Building Near NC State

    This 7,130 square foot multitenant retail building is available for lease, situated minutes from North Carolina State’s South Campus and Raleigh's downtown district. The single-story property features strong visibility, surface parking, a modern glass storefront, and a private outdoor patio. Constructed with a mix of masonry and metal, it is located near the intersection of Western Boulevard and Gorman Street, inside the beltline of Raleigh, and less than a mile from I-440. Suite 101 offers 2,029 square feet and is available immediately. The building, constructed in 1955, has separate water meters and a parking ratio of 3.2 spaces per 1,000 square feet. The building was previously a dry cleaner, but has been fully remediated. A new complete roof was installed as of May 23, 2025. The lease rate is $35.50 per square foot (NNN), with a TICAM of $3.31 per square foot. This location is suitable for retailers seeking a high-traffic, established area.
    Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Party Pickup Convenience Store منتجات يمنية Yemeni ... Supermarket Club Kreme Night Club Designer Cuts Barbershop Barber Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6884822
    Latitude
    35.784491

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    FAQs

    What type of property is this?
    Retail space - 7,130 SF retail building near NC State's South Campus.
    Where is this retail space located?
    The property is located at 3801 Western Blvd Raleigh, NC.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location near NC State's South Campus and downtown Raleigh.; - **Strong visibility and modern glass storefront.**; - Available suite (2,029 SF) with immediate occupancy.
    (919) 600-2397
    Request Owner's contact information
    3801 Western Blvd Raleigh, NC 27606
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    Raleigh, NC 27606
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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
    3801 Western Blvd Raleigh, NC 27606
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