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Modern Flex Building in Raleigh
For Sale
$3,900,000

4550 Preslyn, Raleigh, NC 27616

Versatile 11,200 SF flex building suitable for diverse uses.

Property Size11,200 SF
Lot Size1.41 Acres
Price / SF$348.21
Days on Market157

Property Features for 4550 Preslyn

General Information

Standard status Active
Size 11,200 SF
Lot size 1.41 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $21,311

Building Details

Year Built 2021
Listing Agency: CENTURY 21 TRIANGLE GROUP
Listed By: JOSE CRUZ LABRADA · License #312455
Source: Corcoran
Added: Mar 6 Changed: Aug 8 Last Checked: Aug 9 at 9:05AM

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 CENTURY 21 TRIANGLE GROUP

Investment Insights

Based on property information with market context.

This flex building, constructed in 2021, offers 11,200 square feet of space on a 1.24-acre site. Zoned IX-3 (Industrial Mixed-Use), the property accommodates a range of uses, including light industrial, office, retail, and service-oriented businesses. The building features a two-level design, with 8,000 square feet on the main floor and an additional 3,200 square feet on the lower level. One rolling door enhances functionality for industrial, warehousing, or logistical operations. The property includes 5 bathrooms, one in the main office and four for employees and customers. There are 20 parking spaces, with additional parking available in the back.

Key Highlights

  • Built in 2021: Benefit from modern construction and updated systems.
  • IX‑3 Zoning: Allows for diverse uses.
  • 11,200 SF Building: Substantial space.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

252
Businesses Nearby
Balanced
Demand for This Use

Demographics for 27616, NC

56,941
Population
24,282
Households
2.3
Avg Household Size
34
Median Age
43%
College-Educated
91%
High-School Grad
22.5 sq mi
ZIP Area
2,531
Density / Sq Mi
$81,534
Median Household Income
$41,601
Median Earnings
$1,514
Median Rent
$314,800
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Versatile 11,200 SF flex building suitable for diverse uses.
Where is this flex space located?
The property is located at 4550 Preslyn Raleigh, NC.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Built in 2021: Benefit from modern construction and updated systems.; IX‑3 Zoning: Allows for diverse uses.; 11,200 SF Building: Substantial space.
More about this property
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