Modern Flex Building in Raleigh

4550 Preslyn Dr, Raleigh, NC 27616

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For Sale

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11,200 SF flex building built in 2021 for sale.

Type:Office

Property size:

11,200 SF

Lot size:

1.24 Acres

Price / SF:

$348/SF

HighLights

Built in 2021: Enjoy modern construction and systems.
IX‑3 Zoning: Allows for a wide range of uses.
11,200 sq ft Facility: Substantial space suitable for various business operations.
Two‑Level Design: Featuring 8,000 sq ft on the main floor.
Functional Features: Includes one rolling door.
Ample Bathrooms: Features 5 bathrooms for convenience.

We can help!

Contact an agent

Jose Cruz

For Sale

Contact for pricing

11,200 SF flex building built in 2021 for sale.

Type:Office

Property size:

11,200 SF

Lot size:

1.24 Acres

Price / SF:

$348/SF

Added:: Nov 17, 2025
Days on Market:: 220
Last Refresh:: May 12 at 9:19 pm

Property Features for 4550 Preslyn Dr

General Information

Standard status: Active
Size: 11,200 SF
Lot size: 1.24 Acres
Property subtype: Office

Building Details

Year Built: 2021

We can help!

Contact an agent

Jose Cruz

Listing office Century 21 Triangle Group

Listing date Nov 17, 2025

Source Crexi

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

HighLights

Built in 2021: Enjoy modern construction and systems.
IX‑3 Zoning: Allows for a wide range of uses.
11,200 sq ft Facility: Substantial space suitable for various business operations.
Two‑Level Design: Featuring 8,000 sq ft on the main floor.
Functional Features: Includes one rolling door.
Ample Bathrooms: Features 5 bathrooms for convenience.

Overview

This 11,200-square-foot flex building, constructed in 2021, is situated 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 two-level design features 8,000 square feet on the main floor and an additional 3,200 square feet on the lower level, with one rolling door. The property includes 5 bathrooms, with one in the main office and four for employees and customers. There are 20 parking spaces, with additional parking available in the back.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$302.4k	$27.00
− Vacancy	−$18.5k	−$1.65
EGI	$283.9k	$25.35
− OpEx	−$85.2k	−$7.60
NOI	$198.7k	$17.74

11,200 SF · lease $27.00/SF/yr · vacancy 6.12% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.84M

$2.48M – $3.31M (±1% cap)

NOI $198,725 @ 7.0% cap · market cap 5.10%

Second Best

Office B

$2.46M

$2.15M – $2.87M (±1% cap)

NOI $171,924 @ 7.0% cap · market cap 4.41%

Theoretical Best

Specialty Retail

$3.20M

$2.80M – $3.73M (±1% cap)

NOI $223,852 @ 7.0% cap · market cap 5.74%

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

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Raleigh
County: Wake
State: North Carolina
Longitude: -78.5677436
Latitude: 35.8930056

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For sale
Mixed-use properties
NC
Raleigh
27616
4550 Preslyn Drive

What type of property is this?

Mixed-use property - 11,200 SF flex building built in 2021 for sale.

Where is this mixed-use property located?

The property is located at 4550 Preslyn Dr 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: Enjoy modern construction and systems.; IX‑3 Zoning: Allows for a wide range of uses.; 11,200 sq ft Facility: Substantial space suitable for various business operations.