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    5724 Creedmoor Rd Raleigh, NC 27612

    Sponsored
    For Sale
    $500,000

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

    Property size:
    20,909 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 5724 Creedmoor Rd

    General Information

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

    HighLights

    • $500,000 asking price.
    • 20,909 square foot retail land parcel.
    • $23.91 price per square foot.
    • OX‑3‑CU zoning.
    • 0.55‑acre lot size.
    • Located at 5724 Creedmoor Rd, Raleigh, NC 27612 (APN: 0796487663).
    Property Profile Location Intelligence

    Current Use by Public Records

    Jorge & Sons Electricians ... Electrician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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

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    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.
    Request Owner's contact information
    5724 Creedmoor Rd Raleigh, NC 27612
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    Raleigh, NC 27612
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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
    5724 Creedmoor Rd Raleigh, NC 27612
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