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    4229 Louisburg Rd Raleigh, NC 27604
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    4229 Louisburg Rd Raleigh, NC 27604

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    • Community centers
    • 36,193 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Latin Touch Barber Studio / Barber Shop
    • Alterations by David's Bridal Raleigh NC / (Bike/Boat/Book/etc) Store
    • Yeiri the Dominican 🇩🇴 barber / Barber Shop
    • Century Finance / Bank / Credit Union
    • Family Wellness Chiropractic / Alternative Medicine Practice

    Property Details for 4229 Louisburg Rd

    Property size
    36,193 SF
    Property type
    Community centers
    Property subtype
    Retail properties & Spaces

    Description

    Capital Commons, a vibrant retail center in Raleigh, NC, presents an exceptional investment opportunity. This prime location boasts 36,193 square feet of retail space spread across two single-story buildings situated on a 5.2-acre lot. The property is zoned CX-3 and is conveniently located at 4229 & 4237 Louisburg Rd, offering excellent visibility from Capital Boulevard and Louisburg Road. The center currently features multiple tenants, with two spaces available, each measuring 1,600 square feet. This presents a unique chance to establish a presence in a thriving community. The property's strategic location in Wake County, with easy access to major thoroughfares, ensures high traffic volume and visibility for businesses. The existing anchor tenant, David's Bridal, further enhances the center's appeal and draws a significant customer base. This is an ideal opportunity for businesses seeking high-traffic exposure in a well-established retail environment. The property's size and layout offer flexibility for a variety of retail uses, making it a versatile investment. The two-building configuration allows for independent operations or a cohesive retail experience. This established retail center provides a strong foundation for future growth and profitability. The property's location in Raleigh, NC, offers access to a robust and growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5784
    Latitude
    35.8415

    Comparable in this City

    • Value Estimation by Request
      62,132 SF

      2822 Capital Blvd

      Lifestyle centers • 62,132 SF
      2822 Capital Blvd, Raleigh, NC 27604
      View Details
    • Value Estimation by Request
      82,293 SF

      4700 Capital Blvd

      Lifestyle centers • 82,293 SF
      4700 Capital Blvd, Raleigh, NC 27604
      View Details
    • Value Estimation
      $8,230,000
      45,150 SF

      4011 Capital Blvd

      MINI-MALL • 45,150 SF
      4011 Capital Blvd, Raleigh, NC 27604-4572
      View Details
    • Value Estimation
      $11,575,000
      57,995 SF

      3901 Capital Blvd Ste, Unit 152

      MINI-MALL • 57,995 SF
      3901 Capital Blvd Ste, Raleigh, NC 27604-3487
      View Details
    • Value Estimation by Request
      211,436 SF

      3901 Capital Blvd

      Individual retail properties • 211,436 SF
      3901 Capital Blvd, Raleigh, NC 27604
      View Details
    • Value Estimation
      $27,730,000
      93,700 SF

      4020 Capital Blvd

      SHOPPING CENTER, STRIP CENTER • 93,700 SF
      4020 Capital Blvd, Raleigh, NC 27604-3450
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Retail Space Near Capital Blvd

      Retail property with high-traffic access near I-440 and US-1.
      2728 Capital Blvd, Raleigh, NC 27604
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      Retail and Medical Office Spaces

      Retail and medical spaces in Raleigh, estimated delivery Q3 2025.
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      Retail Space in Raleigh, NC

      Retail space available at Millbrook Collection in Raleigh, NC.
      4701 Atlantic Ave, Raleigh, NC 27604
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      1,600 SF

      Retail Center on Capital Boulevard

      36,000 SF retail center with high visibility.
      4229 Louisburg Rd, Raleigh, NC 27604
      View Details
    • $9,375 /Mo
      4,346 SF

      Dealership Space on Capital Boulevard

      4,346 SF dealership space with excellent visibility and signage.
      3333 Capital Blvd, Raleigh, NC 27604
      View Details
    • $25 SF/Yr

      Retail Space For Lease

      Retail space available for lease.
      2822 Capital Blvd, Raleigh, NC 27604
      View Details
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    Raleigh, NC 27604
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    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
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