Mixed-Use Property with
For Sale
$699,900
9801 Ten-ten Road, Raleigh, NC 27603
Commercial Sale, Raleigh, NC
Property Size3,557 SF
Lot Size1.14 Acres
Price / SF$196.77
Days on Market781
Property Features for 9801 Ten-ten Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial/ R30
Parking
12
Fencing
Chain Link
Standard status
Active
APN
1609410442
Size
3,557 SF
Lot size
1.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LO2 H H POLLARD EST BM2001 -1353
Tax Annual Amount
2245
Legal Description
LO2 H H POLLARD EST BM2001 -1353
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Water source
Well
Building Details
Year built
1957
Floors in Building
1
Building materials
Block, Concrete, Vinyl Siding
Listing Agency:
The NC Real Estate Firm, LLC
(919) 801-7951
Listed By:
Tommy Myatt
(919) 414-7689
Added: Sep 10, 2024
Changed: Oct 8
Last Checked: Oct 30 at 12:06PM
MLS# 10053529
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 3,557-square-foot commercial building and a separate residential home that conveys with the sale. The commercial structure was built in 1957 and uses block, concrete, and vinyl siding construction. Chain-link fencing is also present. The residence is currently rented, while the commercial building requires some updating.
The property is positioned at the intersection of Ten-Ten Road and Rand Road in Raleigh, North Carolina. It carries Commercial/R30 zoning, with Wake County neighborhood-oriented retail uses referenced in the property information. Water is available, with a well as the listed water source and a septic tank serving the property. The site encompasses 1.14 acres.
The property is positioned at the intersection of Ten-Ten Road and Rand Road in Raleigh, North Carolina. It carries Commercial/R30 zoning, with Wake County neighborhood-oriented retail uses referenced in the property information. Water is available, with a well as the listed water source and a septic tank serving the property. The site encompasses 1.14 acres.
Key Highlights
- 3,557‑square‑foot commercial building plus a separate residential home
- 1.14‑acre mixed‑use property at Ten‑Ten Road and Rand Road
- Commercial/R30 zoning with Wake County neighborhood‑oriented retail uses referenced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,952
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,040
$939.0K
Cap Rate 7%
$670,743
$670.7K
Cap Rate 9%
$521,689
$521.7K
Market Conditions
NOI Build-Up for 3,557 SF
Gross rent
$85.4K $24.00/SF
− Vacancy
−$10.2K −$2.88/SF
EGI
$75.1K $21.12/SF
− OpEx
−$28.2K −$7.92/SF
NOI
$47.0K $13.20/SF
Area
ZIP 27603
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,040
Cap Rate 7%
$670,743
Cap Rate 9%
$521,689
Alternative Uses
Best Use
Mixed Use
$670.7K
$586.9K – $782.5K
NOI $46,952 @ 7.0% cap · market cap 6.71%
Second Best
Retail
$623.8K
$545.9K – $727.8K
NOI $43,668 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$1.13M
$984.5K – $1.31M
NOI $78,759 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 27603, NC
54,616
Population
24,030
Households
2.3
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
51.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$87,939
Median Household Income
$51,856
Median Earnings
$1,496
Median Rent
$347,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building and separate rented residence on a 1.14-acre property with commercial zoning and water available.
Where is this mixed-use property located?
The property is located at 9801 Ten-ten Road Raleigh, NC.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3,557‑square‑foot commercial building plus a separate residential home; 1.14‑acre mixed‑use property at Ten‑Ten Road and Rand Road; Commercial/R30 zoning with Wake County neighborhood‑oriented retail uses referenced
