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Fully Leased Flex Building
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500 S New Hope Rd, Raleigh, NC 27610

IX zoning supports a range of industrial, civic, and office uses.

Property Size13,500 SF
Lot Size1.59 Acres
Days on Market144

Property Features for 500 S New Hope Rd

General Information

Standard status Active
Size 13,500 SF
Lot size 1.59 Acres
Property subtype Industrial
Zoning IX
Occupancy 100%

Additional Details

Asking Price $3,295,000
Highway Access Yes

Building Details

Buildings 1
Building Size 13,500 SF
Listing Agency: Hershal Commercial
Listed By: Hershal Pleasant · License #NC 271011
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 12:50AM

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 Hershal Commercial

Investment Insights

Based on property information with market context.

This fully occupied flex property contains approximately 13,500 SF across 9 units of roughly 1,500 SF each. The existing tenant mix includes light industrial, civic, and office uses, offering a varied commercial configuration within one building. The site encompasses approximately 1.59 acres and is classified IX (Industrial Mixed Use) under the applicable zoning framework.

Positioned off S New Hope Rd, the property provides access to I-440 and I-87. Downtown Raleigh, North Raleigh, and WakeMed Raleigh are each within 15 minutes, with restaurants and shopping in the surrounding area.

Key Highlights

  • ±13,500 SF flex building
  • Fully leased with 9 units
  • ±1.59 acres

Property Analytics

Current Use

Hahn-Mason Air Systems ... Hardware & Home Improvement Foursquare Gospel Church ... Charitable Organization Iglesia Evangélica Misionera ... Church Appletree Day Care, ... Daycare Center Capital Granite & Marble, ... Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Pharmacy Parking Lot & Garage Auto Parts Store

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

Lease Details

100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

250
Businesses Nearby
Well-served
Demand for This Use

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

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 - IX zoning supports a range of industrial, civic, and office uses.
Where is this flex space located?
The property is located at 500 S New Hope Rd Raleigh, NC.
What are key features of this property?
This property features: ±13,500 SF flex building; Fully leased with 9 units; ±1.59 acres
(919) 737-5742 Call to check price and availability
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