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    Warehouse with Outdoor Storage Title is generated by Realmo AI

    5921 Triangle Dr, Raleigh, NC 27617

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    Updated warehouse with a recently paved and striped outdoor storage area for efficient operations.

    Type:Office
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 3:03 am

    Property Features for 5921 Triangle Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Properties For Sale

    at 5921 Triangle Dr Contact us

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    Listing Contact
    John Hibbits

    Listing agent John Hibbits

    Listing office

    Listing date Jun 2, 2026

    Source Triprop

    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 John Hibbits

    HighLights

    • Warehouse for lease with recently paved and striped outdoor storage area
    • Interior updates completed in 2021
    • Minutes to US‑70 (Glenwood Avenue) and I‑540 for access across the Triangle Region
    • Hard‑to‑find warehouse with outdoor storage
    • Low NNN expenses

    Overview

    This warehouse is designed for tenants that need both interior space and practical yard storage. The outdoor area has been recently paved and striped, making it easier to stage equipment, materials, or inventory. Interior updates were completed in 2021, helping position the building for modern day-to-day use. For operators looking for a hard-to-find combination of warehouse space plus usable outdoor storage, this is a strong option.

    The property is ideally located just minutes from US-70 (Glenwood Avenue) and I-540, providing convenient access throughout the Triangle Region. It is centrally positioned to RDU and the surrounding areas, which can be important for distribution, service routing, and regional connectivity.

    With its balance of updated interior conditions and dedicated outdoor storage, the building is well suited for light industrial and logistics-style users that require yard space to support daily workflows. The lease structure is described as having low NNN expenses, which may be beneficial for budgeting and long-term operating cost control.
    Location Intelligence

    Current Use by Public Records

    Diamond Springs Big Box & Wholesale Store ReadyRefresh - Contactless Delivery ... Big Box & Wholesale Store

    Suggested Use

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

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

    Similar Places Nearby

    • Public Storage — 8733 Glenwood Ave, Raleigh, NC 27617
    • Next To You Self Storage Units — 8521 Cantilever Way #109, Raleigh, NC 27613
    • American United Vanlines — 6216 Westgate Rd A, Raleigh, NC 27617

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7449484
    Latitude
    35.894685

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    FAQs

    What type of property is this?
    Warehouse - Updated warehouse with a recently paved and striped outdoor storage area for efficient operations.
    Where is this warehouse located?
    The property is located at 5921 Triangle Dr Raleigh, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Warehouse for lease with recently paved and striped outdoor storage area; Interior updates completed in 2021; Minutes to US‑70 (Glenwood Avenue) and I‑540 for access across the Triangle Region
    (919) 606-0989
    We can help!
    Listing Contact
    John Hibbits
    Learn More
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    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.

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