Retail Suite with Road
For Sale
Contact for pricing
8001 Creedmoor Road, Raleigh, NC 27613
Owner-user retail space with prominent Creedmoor Road exposure, OX-3 zoning, and access to nearby shopping and dining.
Property Size6,249 SF
Price / SF$272.04
Days on Market10
Property Features for 8001 Creedmoor Road
General Information
Standard status
Active
Size
6,249 SF
Class
A
Property subtype
Retail, Office
Zoning
OX-3
Site & Location
Traffic Count
31,500 vehicles/day
Highway Access
Yes
Building Details
Year Built
1998
Year Renovated
2016
Buildings
1
Units
1
Listing Agency:
Cushman & Wakefield
Listed By:
Brandt Berry · License #347159
Source:
Crexi
Added: Aug 26
Changed: Sep 3
Last Checked: Sep 3 at 1:59AM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
Suite 101 is a 6,249-square-foot retail space within a commercial property built in 1998. The asset carries OX-3 zoning and is positioned for an owner-user seeking a visible retail setting along Creedmoor Road.
The property benefits from reported traffic of 31,500 VPD on Creedmoor Road and convenient access to I-540. Brennan Station Shopping Center is within walking distance and includes Trader Joe’s along with restaurants, retail offerings, and daily conveniences.
The property benefits from reported traffic of 31,500 VPD on Creedmoor Road and convenient access to I-540. Brennan Station Shopping Center is within walking distance and includes Trader Joe’s along with restaurants, retail offerings, and daily conveniences.
Key Highlights
- 6,249‑square‑foot retail suite
- Suite 101 in a 1998‑built commercial property
- OX‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,115
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,602,300
$1.6M
Cap Rate 7%
$1,144,500
$1.1M
Cap Rate 9%
$890,167
$890.2K
Market Conditions
NOI Build-Up for 6,249 SF
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.
Gross rent
$123.7K $19.80/SF
− Vacancy
−$9.3K −$1.49/SF
EGI
$114.5K $18.32/SF
− OpEx
−$34.3K −$5.49/SF
NOI
$80.1K $12.82/SF
Area
ZIP 27613
Vacancy
7.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,602,300
Cap Rate 7%
$1,144,500
Cap Rate 9%
$890,167
Alternative Uses
Best Use
Retail
$1.14M
$1.00M – $1.34M
NOI $80,115 @ 7.0% cap · market cap 4.71%
Second Best
Office B
$1.13M
$987.1K – $1.32M
NOI $78,971 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,907 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
31,500 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 27613, NC
46,969
Population
20,099
Households
2.3
Avg Household Size
39
Median Age
68%
College-Educated
98%
High-School Grad
25.5 sq mi
ZIP Area
1,842
Density / Sq Mi
$119,362
Median Household Income
$70,722
Median Earnings
$1,478
Median Rent
$478,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Owner-user retail space with prominent Creedmoor Road exposure, OX-3 zoning, and access to nearby shopping and dining.
Where is this retail space located?
The property is located at 8001 Creedmoor Road Raleigh, NC.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 6,249‑square‑foot retail suite; Suite 101 in a 1998‑built commercial property; OX‑3 zoning
