Flexible Brick Facility with
For Sale
$4,899,000
4400 Old Poole Road, Raleigh, NC 27610
Commercial Sale, Raleigh, NC
Property Size25,500 SF
Price / SF$192.12
Days on Market1009
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
Lot features
Cleared, Level
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
Legal Description
LO1 Abundant Life Church of God Inc 02-1197
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
kitchen space
storage room
restrooms
gym area
Building Details
Year built
1997
Flooring type
Concrete, Tile - Ceramic
Building materials
Brick
Listing Agency:
Grason Realty, LLC
Listed By:
Beverly Robinson · License #212379
(919) 801-9662
Added: Jan 11, 2024
Changed: Oct 8
Last Checked: Oct 16 at 11:06PM
MLS# 10005806
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Building B is a 25,500-square-foot brick flex facility constructed in 1997, with a layout that combines offices, meeting and activity rooms, support areas, and a substantial gym component. The interior includes 3 single offices, 1 triple-sized room, 3 double-sized rooms, and 4 single-sized rooms, along with kitchen space, a storage room, and both multi-stall and single-stall restrooms. Approximately 10,000 square feet is configured as gym space.
The property is situated in a rural setting in Raleigh, Wake County, and is identified under R-6 zoning. Exterior features include a fenced yard with chain-link fencing. Central heating and central air conditioning serve the building, while ceramic tile and concrete provide the primary flooring surfaces. Public water and public sewer are available, along with phone service.
Only Building B is included in the offering; the campus contains two buildings. The existing configuration supports workout, studio, flex workspace, event, after-school, and school-related uses identified in the property information.
The property is situated in a rural setting in Raleigh, Wake County, and is identified under R-6 zoning. Exterior features include a fenced yard with chain-link fencing. Central heating and central air conditioning serve the building, while ceramic tile and concrete provide the primary flooring surfaces. Public water and public sewer are available, along with phone service.
Only Building B is included in the offering; the campus contains two buildings. The existing configuration supports workout, studio, flex workspace, event, after-school, and school-related uses identified in the property information.
Key Highlights
- 25,500‑square‑foot Building B constructed in 1997
- Approximately 10,000‑square‑foot gym area
- 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
$235,016
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,700,320
$4.7M
Cap Rate 7%
$3,357,371
$3.4M
Cap Rate 9%
$2,611,289
$2.6M
Market Conditions
NOI Build-Up for 25,500 SF
Gross rent
$364.1K $14.28/SF
− Vacancy
−$28.4K −$1.11/SF
EGI
$335.7K $13.17/SF
− OpEx
−$100.7K −$3.95/SF
NOI
$235.0K $9.22/SF
Area
ZIP 27610
Vacancy
7.80%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,700,320
Cap Rate 7%
$3,357,371
Cap Rate 9%
$2,611,289
Alternative Uses
Best Use
Industrial
$3.36M
$2.94M – $3.92M
NOI $235,016 @ 7.0% cap · market cap 4.80%
Second Best
Flex RnD
$3.20M
$2.80M – $3.73M
NOI $223,727 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$7.48M
$6.54M – $8.72M
NOI $523,260 @ 7.0% cap · market cap 10.68%
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
Explore this area
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-room commercial facility with dedicated exercise space, offices, kitchen, storage, and public sewer and water service.
Where is this flex space 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: 25,500‑square‑foot Building B constructed in 1997; Approximately 10,000‑square‑foot gym area; 3 single offices, 1 triple‑sized room, 3 double‑sized rooms, and 4 single‑sized rooms
