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    5832 Lease Ln Raleigh, NC 27617

    Sponsored
    For Sale
    $2,930,000

    14,640 SF Flex Space, High Demand Location

    Property size:
    14,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,640-square-foot flex space property at 5832 Lease Lane in Raleigh, NC, presents a compelling owner-user investment opportunity. Priced at $2,930,000, this Class B building boasts a strategic location, offering easy access to Highway 70 and the 540 Beltline, a major thoroughfare with over 40,000 vehicles per day. Built in 1985, the two-story structure features three loading docks, two dock-high doors, and impressive 17-foot ceiling heights. The property is currently 100% occupied under a modified lease expiring November 1, 2024, with a base monthly rent of $17,000. Adding to its versatility, the property includes a valuable laydown yard for outdoor storage and a 2,500-square-foot covered shed, enhancing its functionality and appeal. The IX-3 zoning designation further broadens its potential uses. This single-tenant property offers a rare combination of location, functionality, and value, making it an ideal investment for discerning buyers seeking a strong return on investment in a thriving market. The net rentable square footage is 14,640 square feet. The property consists of one building.

    Property Features for 5832 Lease Ln

    General Information

    Property type
    Flex space
    Square Feet
    14,640 SF
    Class
    B

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    2

    HighLights

    • $17,000/month base rent.
    • Prime Research Triangle Park (RTP) location.
    • Excellent highway access via Hwy 70 and the 540 Beltline (40,000+ VPD).
    • Includes laydown yard and 2,500 SF covered storage.
    • Features 2 drive‑in and 3 dock‑high doors.
    • IX‑3 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    John J Kirlin ... Mechanical Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.743560226114
    Latitude
    35.893783702143

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    FAQs

    What type of property is this?
    Flex space - 14,640 SF Flex Space, High Demand Location
    Where is this flex space located?
    The property is located at 5832 Lease Ln Raleigh, NC.
    What is the asking price?
    The asking price for this property is $2,930,000.
    What are key features of this property?
    This property features: $17,000/month base rent.; Prime Research Triangle Park (RTP) location.; Excellent highway access via Hwy 70 and the 540 Beltline (40,000+ VPD).
    Request Owner's contact information
    5832 Lease Ln Raleigh, NC 27617
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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
    5832 Lease Ln Raleigh, NC 27617
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