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    Wakefield Commons Dr Raleigh, NC 27614

    Sponsored
    For Lease
    Contact for pricing

    Raleigh, NC Retail Development Land

    Lot size:
    237,402 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Wakefield Commons presents a unique retail development opportunity in Raleigh, North Carolina. This exceptional property, located in Wake County (zip code 27614), offers a total of 237,402 square feet of vacant space across multiple pads within an established open-air center. The site encompasses 5.45 acres of land, with individual pad sizes ranging from 1.43 to 2.52 acres. This allows for flexibility in development plans, catering to a variety of retail concepts. The property is currently entirely vacant, providing a blank canvas for a new development. Individual spaces range from a minimum of 62,291 square feet to a maximum contiguous space of 109,771 square feet, offering significant scale for larger retailers or the potential for multiple smaller tenants. The property's location in a thriving Raleigh neighborhood makes it an attractive investment for businesses seeking high visibility and accessibility. This is a prime opportunity to establish a significant retail presence in a desirable market. The property is classified as both Retail and Land, offering a versatile development opportunity. The address is Wakefield Commons, Raleigh, NC.

    Property Features for 0 Wakefield Commons Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    237,402 SF

    Unit(s) available at that property

    Space
    Pad A-K10
    Size
    0 SF
    Space
    Pad B-K9
    Size
    0 SF
    Space
    Pad C-K8
    Size
    0 SF

    HighLights

    • 237,402 SF of vacant retail space available in Raleigh, NC.
    • 5.45‑acre site with multiple pads ranging from 1.43 to 2.52 acres.
    • Individual pad sizes range from 62,291 SF to 109,771 SF contiguous.
    • Drive‑thru and restaurant approvals in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5427235
    Latitude
    35.9430834

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    FAQs

    What type of property is this?
    Land - Raleigh, NC Retail Development Land
    Where is this land located?
    The property is located at Wakefield Commons Dr Raleigh, NC.
    What are key features of this property?
    This property features: 237,402 SF of vacant retail space available in Raleigh, NC.; 5.45-acre site with multiple pads ranging from 1.43 to 2.52 acres.; Individual pad sizes range from 62,291 SF to 109,771 SF contiguous.
    Request Owner's contact information
    Wakefield Commons Dr Raleigh, NC 27614
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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
    Wakefield Commons Dr Raleigh, NC 27614
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