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Versatile Commercial Facility in Raleigh

4400 Old Poole Road, Raleigh, NC 27610

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For Sale

$4,899,000

COMMERCIAL - Raleigh, NC

Property size:

25,500 SF

Price / SF:

$192/SF

HighLights

Expansive 25,000 sq ft facility suitable for diverse uses.
Includes a large 10,000 sq ft gym area.
Flexible lease options: full building, individual rooms, gym space, or short‑term daily rentals.
Multiple office spaces are available.
Amenities include kitchen space, storage room, and restrooms.
Constructed of brick, built in 1997, with central heating and cooling, and public water/sewer.

We can help!

Listing Contact

Beverly Robinson

For Sale

$4,899,000

COMMERCIAL - Raleigh, NC

Property size:

25,500 SF

Price / SF:

$192/SF

Added:: Jan 11, 2024
Days on Market:: 886
Last Refresh:: Jun 15 at 3:06 pm

Property Features for 4400 Old Poole Road

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: R-6
Exterior features: Fenced Yard
Fencing: Chain Link, Fenced
Standard status: Active
APN: 0005047
Size: 25,500 SF

Taxes and HOA fees

Tax Year: 2023
Tax Description: LO1 Abundant Life Church of God Inc 02-1197
Tax Annual Amount: 62143

Utilities

Utilities: Phone Available
Sewer type: Public Sewer
Heating system: Central
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1997
Flooring type: Concrete, Tile - Ceramic
Building materials: Brick

We can help!

Listing Contact

Beverly Robinson

Listing agent Beverly Robinson License #212379

Listing office Grason Realty, LLC 404 Amber Dawn Lane, Raleigh, NC

Listing date Jan 11, 2024

MLS# 10005806

HighLights

Expansive 25,000 sq ft facility suitable for diverse uses.
Includes a large 10,000 sq ft gym area.
Flexible lease options: full building, individual rooms, gym space, or short‑term daily rentals.
Multiple office spaces are available.
Amenities include kitchen space, storage room, and restrooms.
Constructed of brick, built in 1997, with central heating and cooling, and public water/sewer.

Overview

This expansive 25,000 sq ft facility, identified as Building B, is located in a rural setting and offers exceptional flexibility for a wide range of potential uses. The building features an office and room layout that includes 3 single offices, 1 triple-sized room, 3 double-sized rooms, and 4 single-sized rooms. Additional amenities include a kitchen space, a storage room, and both multi-stall and single-stall restrooms. The property also features an approximately 10,000 sq ft gym area. The building is well-suited for various uses, including workout space, photo studio, flex workspace, private events, after-school programs, and school. Only Building B is for sale, as there are two buildings on the campus. The property is zoned R-6 and is located in Raleigh, North Carolina.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$602.8k	$23.64
− Vacancy	−$101.3k	−$3.97
EGI	$501.5k	$19.67
− OpEx	−$125.4k	−$4.92
NOI	$376.2k	$14.75

25,500 SF · lease $23.64/SF/yr · vacancy 16.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$5.37M

$4.70M – $6.27M (±1% cap)

NOI $376,160 @ 7.0% cap · market cap 7.68%

Second Best

Industrial

$3.36M

$2.94M – $3.92M (±1% cap)

NOI $235,016 @ 7.0% cap · market cap 4.80%

Theoretical Best

Specialty Retail

$7.48M

$6.54M – $8.72M (±1% cap)

NOI $523,260 @ 7.0% cap · market cap 10.68%

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

Property Profile Location Intelligence

Current Use by Public Records

Life Center Church Abundant Life Christian ... Church Arrow Christian Preschool Daycare Center North Carolina Second ... Church Diversified Resources For Daycare Center

Suggested Use

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Amino Vital Golf — 4020 ajinomoto dr, raleigh, nc 27610

Location Insight

Map
Local Demand

City: Raleigh
County: Wake
State: North Carolina
Longitude: -78.565859
Latitude: 35.762248

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For sale
Fitness centers & gyms
NC
Raleigh
27610
4400 Old Poole Road

What type of property is this?

Fitness center & gym - 25,000 sq ft facility suitable for diverse uses.

Where is this fitness center & gym located?

The property is located at 4400 Old Poole Road Raleigh, NC.

What is the asking price?

The asking price for this property is $4,899,000.

What are key features of this property?

This property features: Expansive 25,000 sq ft facility suitable for diverse uses.; Includes a large 10,000 sq ft gym area.; Flexible lease options: full building, individual rooms, gym space, or short‑term daily rentals.

4400 Old Poole Road, Raleigh, NC 27610

COMMERCIAL - Raleigh, NC

Property Features for 4400 Old Poole Road

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Modern Flex Building in Raleigh

Raleigh Commercial Building Near Downtown

Brick 3-Unit Apartment Building

Renovated Office Suite For Sale

Residential Income Triplex

Pre-Leased Student Housing Duplex Community

Updated Duplexes Near Downtown Raleigh

Duplex Income Property

Versatile Office/Flex Condo in Raleigh

Turnkey Renovated Duplex

Historic Victorian Duplex Residence

Updated Duplex in Raleigh

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