Turnkey Flex Property For
5011 Departure Dr, Raleigh, NC 27616
9,840 SF flex property in prime North Raleigh location.
Type:Industrial
Property size:
9,840 SFLot size:
0.98 AcresPrice / SF:
$263/SF- Added:
- Feb 23, 2026
- Days on Market:
- 133
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 5011 Departure Dr
General Information
- Standard status
- Active
- Size
- 9,840 SF
- Lot size
- 0.98 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2006
Listing office Maverick Partners
Listing date Feb 23, 2026
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 Maverick Partners
HighLights
- Prime North Raleigh location with quick access to major routes.
- Turnkey, single‑story flex property ideal for investment or owner‑occupancy.
- 9,840 sf divided into six separately metered units for flexible usage.
- Fully leased to established tenants on a month‑to‑month basis.
- Mix of office/showroom and warehouse space with 5 grade‑level doors and extended ceiling heights.
- Beautifully maintained building on .98 AC with 28 parking spaces and professional curb appeal.
Overview
This stand-alone, single-story, turnkey flex property offers a rare opportunity for investors or owner-occupiers. The 9,840 square foot building is fully leased to established tenants on a month-to-month basis, providing flexibility to maintain it as an investment property, occupy part and collect rent, or occupy the entire space. The property is divided into six separately metered units. The building, situated on 0.98 acres, features an even mix of office/showroom and warehouse space, with five grade-level roll-up doors, extended ceiling heights, 28 on-site parking spaces, and professional curb appeal. Located in prime North Raleigh, between I-440, I-540, and US-1, it offers quick access to RDU, RTP, Downtown Raleigh, and all parts of the Triangle.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $265.7k | $27.00 |
| − Vacancy | −$16.3k | −$1.65 |
| EGI | $249.4k | $25.35 |
| − OpEx | −$74.8k | −$7.60 |
| NOI | $174.6k | $17.74 |
9,840 SF · lease $27.00/SF/yr · vacancy 6.12% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.49M
$2.18M – $2.91M
NOI $174,594 @ 7.0% cap · market cap 6.73%
Second Best
Office B
$2.16M
$1.89M – $2.52M
NOI $151,048 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$2.81M
$2.46M – $3.28M
NOI $196,670 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Mario Signs & Graphix
(Bike/Boat/Book/etc) Store
Windows & Doors R ...
Hardware & Home Improvement
windowsanddoorsrus
Hardware & Home Improvement
Williams Upholstery
Furniture & Home Goods
Cornerstone Construction
Construction Company
Similar Places Nearby
- Sweet Magnolia Catering — 2900 Spring Forest Rd, Raleigh, NC 27616
- A.MARIE HOSPITALITY GROUP LLC d/b/a Ramelles Catering Services — 6320 Capital Blvd #61096, Raleigh, NC 27661
- FULL Plate Catering LLC — 2821 Calliope Way, Raleigh, NC 27616
- Hoppin Around LLC — 2660 Discovery Dr Suite 120, Raleigh, NC 27616, United States
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.5964829
- Latitude
- 35.8500717
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 9,840 SF flex property in prime North Raleigh location.
Where is this flex space located?
The property is located at 5011 Departure Dr Raleigh, NC.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Prime North Raleigh location with quick access to major routes.; **Turnkey, single‑story flex property** ideal for investment or owner‑occupancy.; 9,840 sf divided into six separately metered units for flexible usage.
