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    5540 Centerview Dr Raleigh, NC 27606

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    For Lease
    Contact for pricing

    Class A Office Space, Multiple Suites Available

    Lot size:
    95,088 SF

    Property Features for 5540 Centerview Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    95,088 SF
    Class
    A
    Total Rate
    186214

    Building Details

    Stories
    4

    Spaces For Lease

    at 5540 Centerview Dr, Raleigh, NC 27606 Contact us
    Unit Suite 421

    $23 /Mo

    Size
    3,556 SF
    Contact us
    Unit Suite 304

    $23 /Mo

    Size
    2,174 SF
    Contact us
    Unit Suite 217

    $23 /Mo

    Size
    3,151 SF
    Contact us
    Unit Suite 317

    $23 /Mo

    Size
    2,290 SF
    Contact us
    Unit Suite 405

    $23 /Mo

    Size
    2,554 SF
    Contact us
    Unit Suite 415

    $23 /Mo

    Size
    3,422 SF
    Contact us
    Unit Suite 101

    $23 /Mo

    Size
    4,968 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Scott Hadley
    Scott Hadley

    Listing Agent: Scott Hadley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A office building, located in convenient West Raleigh at 5540 Centerview Drive, offers a variety of move-in ready executive office suites for lease. The four-story building boasts a total of 95,088 square feet situated on a generous 9.19-acre lot in Wake County. Multiple suite sizes are available to accommodate various business needs, ranging from approximately 2,174 square feet to 6,978 square feet. Specifically, Suite 101 offers 4,968 square feet; Suite 217 provides 3,151 square feet; Suite 304 encompasses 2,174 square feet; Suite 317 features 2,290 square feet; and Suite 405 comprises 2,554 square feet. A larger space, Suite 415/421, totaling 6,978 square feet, is available December 1, 2024, and can be subdivided into two units of 3,321 and 3,556 square feet. The building is equipped with high-speed Level 3 fiber optics, ensuring seamless connectivity. Ample parking is provided at a ratio of 4.6 spaces per 1,000 square feet. This locally-owned property presents a fantastic opportunity for businesses seeking premium office space in a desirable West Raleigh location. All suites are move-in ready.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Altera Corporation Electronics & Wireless Store Mandolin HVAC and Construction ... HVAC Service Woodard Corp (Bike/Boat/Book/etc) Store Technical Training Inst University Globalxperts Inc (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7321644
    Latitude
    35.762991

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, Multiple Suites Available
    Where is this office property / space located?
    The property is located at 5540 Centerview Dr Raleigh, NC.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Class A, 95,088 SF office building in Wake County.; Multiple suites available for lease, ranging from 2,174 SF to 6,978 SF.; 4-story building on a 9.19-acre lot.
    (919) 576-2504 Call to check price and availability
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    5540 Centerview Dr Raleigh, NC 27606
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    Raleigh, NC 27606
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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.

    More about this property
    5540 Centerview Dr Raleigh, NC 27606
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Hadley
    Scott Hadley
    Real Estate License ID: 102540
    (919) 576-2504 (919) 906-0524 (919) 576-2500
    Learn more
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