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    1201 Kent Rd Raleigh, NC 27606

    Sponsored
    For Sale
    $3,500,000

    Prime Raleigh location, daycare, development potential.

    Property size:
    6,216 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.62-acre property at 1201-1203 Kent Rd, Raleigh, NC 27606, presents a compelling investment opportunity. Currently operating as a daycare center, the site comprises two separate buildings totaling 6,216 square feet, each independently rentable. The property boasts 34 parking spaces, a significant advantage for future development or continued operation. Zoned R-10, this location offers substantial potential for redevelopment into townhomes or apartments, capitalizing on its prime location. Situated just 0.3 miles from I-440 and a mile from NC State University, the property benefits from excellent access to major transportation arteries and a thriving, densely populated area. The two existing buildings provide immediate income potential while plans for future development are explored. The asking price is $3,500,000. This is a rare chance to acquire a versatile property with strong existing income and significant upside potential in a highly desirable Raleigh neighborhood. The property's size and zoning make it an attractive prospect for developers seeking to capitalize on the area's robust housing demand. Serious inquiries are encouraged.

    Property Features for 1201 Kent Rd

    General Information

    Property type
    Day care centers
    Square Feet
    6,216 SF
    Lot Size
    70,567 SF

    Building Details

    Buildings
    2
    Stories
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Country Day Montessori ... Kindergarten

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -78.69384312
    Latitude
    35.7823094

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    FAQs

    What type of property is this?
    Day care center - Prime Raleigh location, daycare, development potential.
    Where is this day care center located?
    The property is located at 1201 Kent Rd Raleigh, NC.
    What is the asking price?
    The asking price for this property is $3,500,000.
    Request Owner's contact information
    1201 Kent Rd Raleigh, NC 27606
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    Raleigh, NC 27606
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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
    1201 Kent Rd Raleigh, NC 27606
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