Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Construction Flex/Warehouse Space Title is generated by Realmo AI

    500 Waterfield Ridge Pl, Garner, NC 27529

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    17,517 RSF flex/warehouse space available in Garner, NC.

    Type:Industrial
    Property size:
    17,517 SF
    Lot size:
    6.81 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 5 at 11:14 pm

    Property Features for 500 Waterfield Ridge Pl

    General Information

    Standard status
    Active
    Size
    17,517 SF
    Lot size
    6.81 Acres
    Property subtype
    Industrial

    Spaces For Lease

    at 500 Waterfield Ridge Pl Contact us

    We can help!

    Listing Contact
    Hunt Wyche

    Listing agent Hunt Wyche

    Listing office

    Listing date Mar 6, 2026

    Source Naiglobal

    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 Hunt Wyche

    HighLights

    • New construction flex/warehouse space offering 17,517 RSF of adaptable space.
    • Excellent location fronting US 70 Business at the Greenfield Pkwy exit, providing convenient access to Highway 70 and I‑40.
    • Benefit from a high 24' clear height, ideal for warehousing.
    • 24 dock doors (8'x10') facilitate efficient loading and unloading.
    • ESFR sprinkler system provides enhanced fire protection.
    • MXD‑1 zoning allows for a variety of uses.

    Overview

    This new construction flex/warehouse space offers 17,517 rentable square feet. Situated on 6.81 acres, the brick and steel building features a 24-foot clear height and ESFR sprinkler system. The property provides a parking ratio of 2 spaces per 1,000 square feet. Dimensions of the space are 440 feet by 135 feet. It includes 24 dock doors (8'x10') and one grade-level door (16'x16'). Zoned MXD-1, the property is serviced by the City of Raleigh for water and sewer, Duke Energy for power, and Public Service Gas Company for gas. Telecom options include Spectrum Internet or AT&T. The property fronts US 70 Business and is located at the exit for Greenfield Parkway along Waterfield Ridge Place, providing convenient access to Highway 70 and I-40.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Garner
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5608
    Latitude
    35.6896

    Nearby Similar for Lease

    • $1,000/Mo
      6,900 SF

      Office Space Near Highway 70

      Office space with excellent visibility near shopping and dining.
      1002 Vandora Springs Road, Garner, NC 27529
      View Details
    • $45 SF/Yr
      31,720 SF

      Medical Office Space For Lease

      Future medical office space in prime Garner location.
      803 Morris Dr, Garner, NC 27529
      View Details
    • $15 SF/Yr
      6,600 SF

      Functional Flex Building in Garner

      Flex building with office, warehouse, and outside storage space.
      1455 Mechanical Boulevard, Garner, NC 27529
      View Details
    • $15 SF/Yr
      6,000 SF

      6,000 SF Industrial Building

      Stand-alone industrial building with conditioned warehouse and secure parking.
      540 Dynamic Drive, Garner, NC 27529
      View Details
    • $10 SF/Yr
      45,840 SF

      Warehouse Space Available in 2026

      45,840 SF warehouse space with frontage on US Hwy 70.
      2337 Us 70 Hwy E, Garner, NC 27529
      View Details
    • Contact for pricing
      59,400 SF

      New Construction Flex/Warehouse Space

      17,517 RSF flex/warehouse space in Greenfield Business Park.
      500 Waterfield Ridge Pl, Garner, NC 27529
      View Details
    • $16,800/Mo
      38,000 SF

      Landmark Building Office and Event

      Well-maintained office building with suites and event space available.
      12450 Cleveland Rd, Garner, NC 27529
      View Details
    • Contact for pricing
      26,702 SF

      New Construction Flex/Warehouse Space

      New construction flex/warehouse space available for lease.
      105 Sigma Drive, Garner, NC 27529
      View Details
    • $14 SF/Yr
      3,900 SF

      Retail Space on Highway 70

      Retail space with highway access and ample parking.
      1575 W US 70 Hwy W, Garner, NC
      View Details
    • Contact for pricing
      57,411 SF

      Commercial Property for Lease

      Commercial property available for lease in Garner, North Carolina.
      3301 Jones Sausage Road, Garner, NC, 27529
      View Details
    • Contact for pricing
      128,362 SF

      Warehouse Space Near I-40

      Infill warehouse space with outdoor storage near I-40.
      3001 Jones Sausage Rd, Garner, NC
      View Details
    • Contact for pricing

      Garner Warehouse with Multiple Doors

      Warehouse space featuring both grade-level and dock-high loading doors.
      1400 Mechanical Blvd, Garner, NC 27529
      View Details

    FAQs

    What type of property is this?
    Flex space - 17,517 RSF flex/warehouse space available in Garner, NC.
    Where is this flex space located?
    The property is located at 500 Waterfield Ridge Pl Garner, NC.
    What are key features of this property?
    This property features: New construction flex/warehouse space offering 17,517 RSF of adaptable space.; Excellent location fronting US 70 Business at the Greenfield Pkwy exit, providing convenient access to Highway 70 and I‑40.; Benefit from a high 24' clear height, ideal for warehousing.
    (919) 714-7138
    We can help!
    Listing Contact
    Hunt Wyche
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    500 Waterfield Ridge Pl, Garner, NC 27529
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!