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    2114 Atlantic Ave Raleigh, NC 27604

    Sponsored
    For Lease
    $9 SF/Yr

    Raleigh industrial warehouse, multiple tenants.

    Lot size:
    157,093 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Raleigh industrial property, located at 2114 Atlantic Avenue, offers 157,093 square feet of warehouse space in two single-story buildings. The property sits on 6.77 acres of land and is classified as Class B. Built in 1957 and renovated in 1965, it features a 20-foot ceiling height, making it ideal for various industrial uses. The property boasts 18 loading docks with 18 dock-high doors, along with one drive-in door, and ample parking with 60 spaces. Power is provided by four 120/208 3-phase and one 277/408 3-phase systems. The minimum divisible space is 15,453 square feet, while the maximum contiguous space is the entire 157,093 square feet, offering flexibility for single or multiple tenants. The property is zoned CX-20 & IX-3 and is conveniently located near Atlantic Avenue and East Whitaker Mill Road in Raleigh, NC 27604. Annual property taxes are $0.45 per square foot. The property is available for occupancy October 1, 2024. This is a rare opportunity for a large-scale industrial space within the beltline, adjacent to Raleigh's newest entertainment district.

    Property Features for 2114 Atlantic Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    157,093 SF
    Class
    B
    Total Rate
    117819.75

    Building Details

    Year Built/Renovated
    1957/1965
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    157,093 SF
    Rate per SF
    $9

    HighLights

    • 157,093 SF warehouse on 6.77 acres in Raleigh, NC.
    • Class B industrial property with 20' ceiling height.
    • 18 loading docks, 1 drive‑in door, and 60 parking spaces.
    • Minimum 15,453 SF divisible, up to 157,093 SF contiguous.
    • Available October 1, 2024; $0.45/SF annual property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kitchen Cabinet Distributors Cabinet Store Performance Contracting Inc General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6217171
    Latitude
    35.8059018

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    FAQs

    What type of property is this?
    Distribution property - Raleigh industrial warehouse, multiple tenants.
    Where is this distribution property located?
    The property is located at 2114 Atlantic Ave Raleigh, NC.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 157,093 SF warehouse on 6.77 acres in Raleigh, NC.; Class B industrial property with 20' ceiling height.; 18 loading docks, 1 drive-in door, and 60 parking spaces.
    Request Owner's contact information
    2114 Atlantic Ave Raleigh, NC 27604
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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
    2114 Atlantic Ave Raleigh, NC 27604
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