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    1501 Sunrise Ave Raleigh, NC 27608

    Sponsored
    For Lease
    $10 SF/Yr

    Raleigh Office & Warehouse Space Available

    Lot size:
    45,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This unique Raleigh property, The Junction at Five Points (1501 Sunrise Ave, 27608), offers 1,877 square feet of immediately available space in a 45,000 square foot building. Originally constructed in 1954 and extensively renovated in 2021, this single-story building boasts a blend of executive office and warehouse space. The 35,000 square feet of creative office and retail space is complemented by 10,000 square feet of ground-floor warehouse space featuring sprinkler systems and exterior roll-up doors for convenient loading and unloading. Ample surface parking is a significant advantage, a rarity for properties of this type. Located in the heart of Raleigh's Five Points neighborhood, just north of downtown, this adaptive reuse project offers a modern, updated space with a charming exterior makeover, including shade trees. Its convenient location near breweries like Nickelpoint and Neuse River Brewing adds to its appeal. The property's prime location at the corner of Carson Street and Sunrise Avenue in Wake County provides excellent accessibility.

    Property Features for 1501 Sunrise Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,000 SF
    Total Rate
    39375

    Building Details

    Year Built/Renovated
    1954/2021
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,877 SF
    Rate per SF
    $12

    HighLights

    • 1,877 square feet of immediately available space in a 45,000 square foot building.
    • Single‑story building, renovated in 2021, offering a mix of executive office and warehouse space.
    • Features 35,000 square feet of creative office/retail space and 10,000 square feet of warehouse space with sprinklers and roll‑up doors.
    • Ample surface parking.
    • Located in Raleigh's Five Points neighborhood, near downtown, breweries, and major thoroughfares.
    Property Profile Location Intelligence

    Current Use by Public Records

    Renovation Specialists Construction Company Bright Spot Donuts Donut Shop Blink Charging Station Electric Vehicle Charging Station The Junction at Five Points Corporate Office Capital Associates Commercial Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6361084
    Latitude
    35.8017494

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    FAQs

    What type of property is this?
    Distribution property - Raleigh Office & Warehouse Space Available
    Where is this distribution property located?
    The property is located at 1501 Sunrise Ave Raleigh, NC.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 1,877 square feet of immediately available space in a 45,000 square foot building.; Single-story building, renovated in 2021, offering a mix of executive office and warehouse space.; Features 35,000 square feet of creative office/retail space and 10,000 square feet of warehouse space with sprinklers and roll-up doors.
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    Raleigh, NC 27608
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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
    1501 Sunrise Ave Raleigh, NC 27608
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