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    510-512 St Marys St Raleigh, NC 27605

    Sponsored
    For Lease
    Contact for pricing

    Prime Raleigh office/retail space available.

    Lot size:
    7,722 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 510-512 St. Mary's Street in Raleigh, North Carolina, offers a unique opportunity for businesses seeking a vibrant and convenient location. The property is classified as a Class B building, encompassing a total of 7,722 square feet across two stories. Currently, there are two suites available, with a minimum divisible space of 163 square feet and a maximum contiguous space of 500 square feet. A total of 663 square feet is currently vacant. The property is zoned R-12 and situated in Wake County, with easy access to major thoroughfares. The building does not have elevators. This location boasts a thriving neighborhood atmosphere, filled with locally owned restaurants and shops, and is poised for significant growth with upcoming developments, including a large mixed-use building nearby. High traffic volume of 8,400 vehicles per day is observed on St. Mary's Street just south of W. Johnson Street. This versatile space is ideal for a variety of businesses seeking a dynamic and accessible location in a rapidly developing area of Raleigh. The property type is listed as Retail and Office, with a subtype of Traditional Office and Storefront, making it suitable for a range of commercial uses. The zip code is 27605.

    Property Features for 510-512 St Marys St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,722 SF
    Class
    B

    Building Details

    Stories
    20

    Unit(s) available at that property

    Space
    510 St. Mary's, Suite 5
    Size
    163 SF
    Space
    512 St. Mary's, Suite 5
    Size
    500 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6506552
    Latitude
    35.7869662

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    FAQs

    What type of property is this?
    Individual retail property - Prime Raleigh office/retail space available.
    Where is this individual retail property located?
    The property is located at 510-512 St Marys St Raleigh, NC.
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    Raleigh, NC 27605
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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
    510-512 St Marys St Raleigh, NC 27605
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