Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5724 Creedmoor Rd Raleigh, NC 27612

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-growth area, 0.55 acres, 20,909 SF

    Property size:
    20,909 SF

    Property Features for 5724 Creedmoor Rd

    General Information

    Property type
    Land
    Square Feet
    20,909 SF
    Lot Size
    23,958 SF

    We can help!

    Listing Contact
    Arpan Makam
    Arpan Makam

    Listing Agency: MKM Commercial Listing Agent: Arpan Makam

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.55-acre commercial parcel, located at 5724 Creedmoor Rd in Raleigh, NC (zip code 27612), presents a compelling investment opportunity. The property boasts a substantial 20,909 square feet and is zoned OX-3-CU, allowing for a diverse range of uses. Its strategic location just off the I-440 Beltline ensures convenient access and high visibility, making it ideal for a variety of commercial ventures. The asking price is $500,000, translating to $23.91 per square foot. The property's APN is 0796487663. Wake County's projected 23% population increase within the next year further enhances the property's long-term potential. This prime location offers significant advantages for businesses seeking high traffic and easy access to a growing population. The flexibility of the OX-3-CU zoning opens doors to various possibilities, including retail, medical, residential, and service-oriented businesses. This makes it an attractive investment for developers and entrepreneurs looking to capitalize on Raleigh's thriving market. Don't miss this chance to acquire a strategically located commercial property in a rapidly expanding area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jorge & Sons Electricians ... Electrical Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.680165
    Latitude
    35.861506

    Nearby Similar for Sale

    • $660,000
      1,833 SF

      Raleigh Commercial Flex Space For Sale

      Commercial flex space with offices, bay door, and mezzanine.
      5621 Departure Dr, Raleigh, NC 27616
      View Details
    • $219,900
      Pending

      Raleigh Office Suite For Sale

      Second-floor office suite with reception area and kitchenette.
      6531 Creedmoor Rd, Raleigh, NC 27613
      View Details
    • $900,000
      3,128 SF

      Medical Office Condo Investment Opportunity

      Well-maintained medical office condo in prime Raleigh location for sale.
      3396 Six Forks Rd, Raleigh, NC 27609
      View Details
    • New
      $3,900,000
      11,200 SF

      Modern Flex Building in Raleigh

      Built in 2021, suitable for industrial, office, retail.
      4550 Preslyn Dr, Raleigh, NC 27616
      View Details
    • $343,000
      Pending

      North Raleigh Office Investment Opportunity

      1,200 Sq Ft office space ideal for medical or professional services.
      5640 Six Forks Rd, Raleigh, NC 27609
      View Details
    • $2,400,000
      6,018 SF

      Raleigh Commercial Space For Sale

      Versatile 6,018 sqft commercial space in Raleigh's Six Forks area.
      1665 N Market Dr, Raleigh, NC 27609
      View Details
    • $450,000
      Pending

      Raleigh Duplex with Four Bedrooms

      Duplex in Raleigh, each unit with four bedrooms.
      2812 Ferret Ct, Raleigh, NC 27610
      View Details
    • $700,000
      3,408 SF

      Raleigh Multifamily Investment Opportunity

      Four-unit multifamily property on 1.24 acres in Raleigh.
      626 Maple Ln, Raleigh, NC 27603
      View Details
    • New
      $609,900
      2,012 SF

      Modern Duplex Near Downtown Raleigh

      New construction duplex with modern finishes, minutes from downtown.
      808 Culpepper Ln, Raleigh, NC 27610
      View Details
    • New
      $567,500
      2,234 SF

      Raleigh Duplex Near Crabtree Valley

      Fully leased duplex in prime Raleigh location near Crabtree Valley.
      4012 Arckelton Dr, Raleigh, NC 27612
      View Details
    • $680,000
      3,358 SF

      Raleigh Townhomes: Leased Investment Opportunity

      Fully leased, new construction townhomes in North Raleigh near I-540.
      4820 Gossamer Ln, Raleigh, NC 27616
      View Details
    • $625,000
      1,352 SF

      Raleigh Duplex with Development Potential

      Rental income property with redevelopment possibilities in downtown Raleigh.
      1511 Joe Louis Ave, Raleigh, NC 27610
      View Details

    FAQs

    What type of property is this?
    Land - High-growth area, 0.55 acres, 20,909 SF
    Where is this land located?
    The property is located at 5724 Creedmoor Rd Raleigh, NC.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price.; 20,909 square foot retail land parcel.; $23.91 price per square foot.
    (919) 907-0760 Call to check price and availability
    Request Owner's contact information
    5724 Creedmoor Rd Raleigh, NC 27612
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5724 Creedmoor Rd
    Raleigh, NC 27612
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5724 Creedmoor Rd Raleigh, NC 27612
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Arpan Makam
    Arpan Makam
    Real Estate License ID: 263636
    (919) 907-0760 (919) 889-4747
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!