Modern Flex Building in Raleigh

4550 Preslyn, Raleigh, NC 27616

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For Sale

$3,900,000

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

Property size:

11,200 SF

Lot size:

1.41 Acres

Price / SF:

$348/SF

HighLights

Built in 2021: Benefit from modern construction and updated systems.
IX‑3 Zoning: Allows for diverse uses.
11,200 SF Building: Substantial space.
Two‑Level Design: 8,000 SF on the main floor and 3,200 SF on the lower level.
One Rolling Door: Facilitates industrial, warehousing, or logistical needs.
Five Bathrooms: Convenient for employees and customers.

We can help!

Listing Contact

JOSE CRUZ LABRADA

For Sale

$3,900,000

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

Property size:

11,200 SF

Lot size:

1.41 Acres

Price / SF:

$348/SF

Added:: Mar 6, 2026
Days on Market:: 97
Last Refresh:: Mar 16 at 10:57 am

Property Features for 4550 Preslyn

General Information

Standard status: Active
Size: 11,200 SF
Lot size: 1.41 Acres

Building Details

Year Built: 2021

We can help!

Listing Contact

JOSE CRUZ LABRADA

Listing agent JOSE CRUZ LABRADA License #312455

Listing office CENTURY 21 TRIANGLE GROUP

Listing date Mar 6, 2026

Source Corcoran

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: Benefit from modern construction and updated systems.
IX‑3 Zoning: Allows for diverse uses.
11,200 SF Building: Substantial space.
Two‑Level Design: 8,000 SF on the main floor and 3,200 SF on the lower level.
One Rolling Door: Facilitates industrial, warehousing, or logistical needs.
Five Bathrooms: Convenient for employees and customers.

Overview

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.

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

Similar Places Nearby

Specialty South Food Services Distribution — 3200 Gresham Lake Rd # 117, Raleigh, NC 27615
wicked links — 3200 Gresham Lake Rd, Raleigh, NC 27615

Location Insight

Map
Local Demand

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

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For sale
Flex space
NC
Raleigh
27616
4550 Preslyn

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.