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    5003 Falls Of Neuse Rd Raleigh, NC 27609

    Sponsored
    For Lease
    Contact for pricing

    Prime Raleigh shopping center, 21 spaces available.

    Lot size:
    82,463 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail and restaurant opportunity, Quail Corners Phase I & II, presents 82,463 square feet of space at 5003 Falls of Neuse Rd, Raleigh, NC 27609. Located at the intersection of Millbrook and Falls of Neuse Roads, this two-story, 1969-built shopping center boasts high visibility and excellent traffic counts. The property offers a diverse tenant mix, including established businesses like The Butcher’s Market, Big Ed’s, Cristo’s, Burrito Shak, and Juice Keys. Currently, there are 21 available spaces ranging from 663 to 3,800 contiguous square feet, with a total of 28,739 square feet currently vacant. This presents a unique chance to acquire space in a thriving North Raleigh location, benefiting from the area's robust growth and strong demographics. The minimum divisible space is 663 square feet, making it suitable for a variety of retail and restaurant concepts. The center is situated in Wake County and offers a prime opportunity for investors seeking a well-established property with significant upside potential in a high-demand market. The property's strategic location and established tenant base provide a solid foundation for future growth and profitability. This is an excellent opportunity to establish or expand your business in a bustling retail environment.

    Property Features for 5003 Falls Of Neuse Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    82,463 SF

    Building Details

    Year Built
    1969
    Stories
    2

    Unit(s) available at that property

    Space
    Phase 2 Second Floor Suite A204
    Size
    1,340 SF
    Space
    Phase 2 Second Floor Suite A205
    Size
    720 SF
    Space
    Phase 2 Second Floor Suite A206
    Size
    728 SF
    Space
    Phase 2 Second Floor Suite A209
    Size
    1,120 SF
    Space
    Phase II First Floor Suite B108
    Size
    2,618 SF
    Space
    Phase 2 Second Floor Suite A207
    Size
    728 SF
    Space
    Phase 2 First Floor Suite B105
    Size
    1,364 SF
    Space
    Phase 2 First Floor Suite A109
    Size
    2,635 SF
    Space
    Phase 2 Second Floor Suite A208
    Size
    1,577 SF
    Space
    Phase 2 Second Floor Suite B204
    Size
    1,324 SF
    Space
    Phase 2 Second Floor Suite A211
    Size
    663 SF
    Space
    Phase 2 First Floor Suite A107
    Size
    1,075 SF
    Space
    Phase 2 Second Floor Suite B211
    Size
    659 SF
    Space
    Phase 2 Second Floor Suite B212
    Size
    877 SF
    Space
    Phase 2 First Floor Suite B107
    Size
    1,104 SF
    Space
    Phase 2 Second Floor Suite A210
    Size
    955 SF
    Space
    Phase 2 First Floor Suite A108
    Size
    1,122 SF
    Space
    Phase 2 Second Floor Suite A212
    Size
    988 SF
    Space
    Phase 2 First Floor Suite B104
    Size
    2,412 SF
    Space
    Phase 2 Second Floor Suite B210
    Size
    930 SF
    Space
    Suites 7a and 7b
    Size
    3,800 SF

    HighLights

    • High‑traffic corner location at Millbrook and Falls of Neuse Roads, Raleigh, NC.
    • Diverse tenant mix including restaurants and retail, creating a strong synergy.
    • Strong anchor tenants: The Butcher's Market, Big Ed's, Cristo's, Burrito Shak, and Juice Keys.
    • Located in the rapidly growing North Raleigh submarket.
    • High visibility from both Millbrook and Falls of Neuse Roads, ensuring excellent exposure.
    Property Profile Location Intelligence

    Current Use by Public Records

    YoBa Studio (QC) ... Fitness Center Quail Properties, Inc. Property Management Company Edward Jones - Financial ... Financial Consultant Quail Corners Shopping ... Shopping Mall Edward Jones - Financial ... Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -78.6157876
    Latitude
    35.8496928

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Raleigh shopping center, 21 spaces available.
    Where is this lifestyle center located?
    The property is located at 5003 Falls Of Neuse Rd Raleigh, NC.
    What are key features of this property?
    This property features: High-traffic corner location at Millbrook and Falls of Neuse Roads, Raleigh, NC.; Diverse tenant mix including restaurants and retail, creating a strong synergy.; Strong anchor tenants: The Butcher's Market, Big Ed's, Cristo's, Burrito Shak, and Juice Keys.
    Request Owner's contact information
    5003 Falls Of Neuse Rd Raleigh, NC 27609
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    Raleigh, NC 27609
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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
    5003 Falls Of Neuse Rd Raleigh, NC 27609
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