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    4500 Western Blvd Raleigh, NC 27606

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    For Lease
    Contact for pricing

    Prime Raleigh storefront, ample parking, opportunity zone.

    Lot size:
    117,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 117,440-square-foot retail storefront at 4500 Western Blvd, Raleigh, NC, presents a unique investment opportunity. Located in Wake County, near the intersection of Western Boulevard and Blue Ridge Road, this single-tenant property sits on 12.88 acres and offers significant potential for a variety of businesses. The building is entirely vacant, providing a blank canvas for a new tenant to customize the space to their exact needs. The property boasts 925 parking spaces, ensuring ample convenience for customers and employees. An outdoor amenity space adds further appeal. This location benefits from its designation as an Opportunity Zone, offering potential tax advantages. The property's proximity to numerous residential neighborhoods, NC State University, and Meredith College guarantees a substantial built-in customer base, encompassing students, faculty, and local residents. The large square footage is divisible in 20,000-square-foot increments, allowing for flexibility in tenant configuration. This property is ideally suited for a wide range of uses, including large-scale retail showrooms, industrial operations, or logistics warehousing, making it a dynamic hub for business growth and community impact. The zip code is 27606.

    Property Features for 4500 Western Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    117,440 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    117,440 SF

    HighLights

    • 117,440 SF retail storefront on 12.88 acres in Raleigh, NC.
    • Located at 4500 Western Blvd, near Western Blvd & Blue Ridge Rd intersection.
    • Single‑tenant, vacant building with 925 parking spaces and outdoor amenity space.
    • Divisible into 20,000 SF increments.
    • Opportunity Zone designation with strong demographics near NC State & Meredith College.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jarhead Training Personal Trainer Frey Basketball -Raleigh ... Basketball Club Sears Appliance Repair Appliance Repair Service Nutan Sheth Pharmacy Angela Alston Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7010274
    Latitude
    35.7862718

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    FAQs

    What type of property is this?
    Individual retail property - Prime Raleigh storefront, ample parking, opportunity zone.
    Where is this individual retail property located?
    The property is located at 4500 Western Blvd Raleigh, NC.
    What are key features of this property?
    This property features: 117,440 SF retail storefront on 12.88 acres in Raleigh, NC.; Located at 4500 Western Blvd, near Western Blvd & Blue Ridge Rd intersection.; Single-tenant, vacant building with 925 parking spaces and outdoor amenity space.
    Request Owner's contact information
    4500 Western Blvd Raleigh, NC 27606
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    Raleigh, NC 27606
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    Realmo Value Estimation

    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.

    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.

    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
    4500 Western Blvd Raleigh, NC 27606
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