Flex Building with Gym
For Sale
Contact for pricing
4400 Old Poole Road B, Raleigh, NC 27610
Multiple rooms, kitchen space, storage, and restrooms support varied commercial layouts.
Property Size25,000 SF
Price / SF$0.08
Days on Market85
Property Features for 4400 Old Poole Road B
General Information
Standard status
Active
Size
25,000 SF
Property subtype
Mixed Use
Space & Availability
Contiguous Space
25,000 SF
Divisible
Yes
Space Use
Flex
Private Offices
3
Additional Details
Monthly Rent
$900-$2,600
Amenities
Kitchen
Storage room
Restrooms
Gym
Building Details
Year Built
1997
Building Size
25,000 SF
Listing Agency:
Grason Realty, LLC
Listed By:
Beverly Robinson · License #212379
(919) 801-9662
Source:
Livelovechapelhilldurham
Added: Jul 24
Changed: Oct 3
Last Checked: Oct 7 at 1:09PM
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 Grason Realty, LLC
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Investment Insights
Based on property information with market context.
Building B is a 25,000-square-foot flex facility constructed in 1997, with a room plan that includes 3 single offices, 1 triple-sized room, 3 double-sized rooms, and 4 single-sized rooms. The property also includes kitchen space, a storage room, and both multi-stall and single-stall restrooms.
Approximately 10,000 square feet is configured as gym space. The facility is in a rural setting and is identified for potential use as workout space, a photo studio, flex workspace, private events, or after-school programs. Daycare use may be possible subject to state agency approval. Building B is one of two buildings on the campus and is located at 4400 Old Poole Road B in Raleigh, North Carolina.
Approximately 10,000 square feet is configured as gym space. The facility is in a rural setting and is identified for potential use as workout space, a photo studio, flex workspace, private events, or after-school programs. Daycare use may be possible subject to state agency approval. Building B is one of two buildings on the campus and is located at 4400 Old Poole Road B in Raleigh, North Carolina.
Key Highlights
- 25,000‑square‑foot Building B constructed in 1997
- Approximately 10,000 square feet of gym area
- Room mix includes 3 single offices, 1 triple‑sized room, 3 double‑sized rooms, and 4 single‑sized rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$223,727
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,474,540
$4.5M
Cap Rate 7%
$3,196,100
$3.2M
Cap Rate 9%
$2,485,856
$2.5M
Market Conditions
NOI Build-Up for 25,500 SF
Gross rent
$413.1K $16.20/SF
− Vacancy
−$68.9K −$2.70/SF
EGI
$344.2K $13.50/SF
− OpEx
−$120.5K −$4.72/SF
NOI
$223.7K $8.77/SF
Area
ZIP 27610
Vacancy
16.68%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,474,540
Cap Rate 7%
$3,196,100
Cap Rate 9%
$2,485,856
Alternative Uses
Best Use
Office B
$5.37M
$4.70M – $6.27M
NOI $376,160 @ 7.0% cap · market cap 18,575.80%
Second Best
Industrial
$3.36M
$2.94M – $3.92M
NOI $235,016 @ 7.0% cap · market cap 11,605.73%
Theoretical Best
Specialty Retail
$7.48M
$6.54M – $8.72M
NOI $523,260 @ 7.0% cap · market cap 25,840.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Multiple rooms, kitchen space, storage, and restrooms support varied commercial layouts.
Where is this flex space located?
The property is located at 4400 Old Poole Road B Raleigh, NC.
What are key features of this property?
This property features: 25,000‑square‑foot Building B constructed in 1997; Approximately 10,000 square feet of gym area; Room mix includes 3 single offices, 1 triple‑sized room, 3 double‑sized rooms, and 4 single‑sized rooms
