Property profile

4901 Glenwood Ave Raleigh, NC 27612

FOR LEASE
Office buildings
Property ID
US53-5783553
43,800 SF 3.03 ac lot Built 1972
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Raleigh office property at 4901 Glenwood Avenue offers a prime location in Wake County, NC, with easy access to major thoroughfares. The building comprises 39,901 square feet across three stories, providing a total of 139 parking spaces (a generous 3.85 spaces per 1,000 square feet). Currently, there is 6,313 square feet of vacant space available, divisible into units ranging from a minimum of 1,939 square feet to a maximum contiguous space of 4,374 square feet. The building is classified as both Executive and Creative Office space, catering to a variety of business needs. Multiple tenancy options are available, making it suitable for both large and small businesses. The building features convenient elevators for easy access to all three floors. The property's address is 4901 Glenwood Ave, Raleigh, NC 27612. This location offers a blend of professional ambiance and convenient access, making it an ideal choice for businesses seeking a thriving and well-connected environment. The building's modern design and ample parking ensure a comfortable and productive workspace for employees and clients alike. Inquire today to learn more about leasing opportunities.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1972
Construction METAL FRAME
Total area 43,800 SF
Lot 3.03 ac (131,987 SF)
Zoning code OX-7
APN 0796.18-32-5171 0082207
UPID US53-5783553

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Bank Loan Service
  • State Government Office
  • Loan Service Bank

Location

4901 Glenwood Ave Raleigh, NC 27612
Raleigh metro Census 52508 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.64M
CAP Approach CAP
$9.96M
Comparable Approach Comparable
$9.18M
Blend (final) Blend
$9.52M

Owner & transaction history

since 2020
Last sale
$8.0M
7 recorded transactions
2021
Price N/A
2020
Price N/A
2020
$8.0M
2017
Price N/A
2009
Price N/A
2006
$5.1M
2006
$5.1M

Zoning & alternative use

OX-7 · Raleigh, NC
Zoning description

The OX-7 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options

General category MIXED_USE
Top alternative use upside
Commercial (general) $14.2M +75.2%
Medical building $13.8M +70.4%
Auto repair, garage $12.9M +59.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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