Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Fls Of Neuse Rd. & Durant Rd Raleigh, NC 27615

    • Retail properties
    • 109,501 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Fls Of Neuse Rd. & Durant Rd

    Property size
    109,501 SF
    Property type
    Retail properties

    Description

    Falls Pointe, a thriving retail center in Raleigh, NC, offers a prime 1,182 square foot retail space for lease. Located at the intersection of Falls of Neuse Road and Durant Road, this property boasts exceptional visibility and accessibility, with convenient access to I-540. The center totals 109,501 square feet and features ample parking with 974 spaces available for customers and employees. Currently, there is 1,182 square feet of vacant space available for lease, making it an ideal opportunity for businesses seeking a presence in a high-growth area of Wake County. Falls Pointe benefits from its strategic location within a thriving community, surrounded by medical and office buildings, including the Wakemed North Healthplex. The center is anchored by Harris Teeter and Kohl's (shadow anchor), attracting a wealthy and highly educated customer base. This location offers limited retail competition, presenting a unique opportunity for businesses to capture significant market share. The property's strong location and existing anchors make it an attractive investment opportunity for businesses seeking to establish or expand their presence in the Raleigh market. The property is situated in a rapidly expanding area of Wake County, ensuring continued growth and high foot traffic. This space is perfect for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6006
    Latitude
    35.9055

    Comparable in this City

    • Value Estimation by Request

      9600 Falls Of Neuse Rd

      Retail properties
      9600 Falls Of Neuse Rd, Raleigh, NC 27615
      View Details
    • Value Estimation by Request
      0.40 Acres

      6 Frk Rd. & Strickland Rd

      Individual retail properties • 468,314 SF
      0 6 Frk Rd. & Strickland Rd, Raleigh, NC 27615
      View Details
    • Value Estimation
      $10,630,000
      87,226 SF

      9700 Fls Of Neuse Rd

      DEPARTMENT STORE • 87,226 SF
      9700 Fls Of Neuse Rd, Raleigh, NC 27615-2470
      View Details
    • Value Estimation by Request
      608 SF

      2012 Bywood Ct

      COMMERCIAL (GENERAL) • 608 SF
      2012 Bywood Ct, Raleigh, NC 27615-2302
      View Details
    • Value Estimation
      $620,000
      4,800 SF

      2951 Rowland Rd, Unit A

      AUTO REPAIR, GARAGE • 4,800 SF
      2951 Rowland Rd, Raleigh, NC 27615-5730
      View Details
    • Value Estimation
      $760,000
      7,688 SF

      8551 Colonnade Ctr Dr

      FINANCIAL BUILDING • 7,688 SF
      8551 Colonnade Ctr Dr, Raleigh, NC 27615-3051
      View Details

    Similar Nearby for Sale

    • $750,000
      0.54 Acres

      Raleigh Commercial Lot with Office

      0.54 acre lot with 821 SF office space.
      2315 Dixie Forest Rd, Raleigh, NC 27615
      View Details
    • $499,000
      Pending

      Raleigh Land Near Golf Course

      Nearly half-acre lot near The Oaks golf course.
      7015 Litchford Rd, Raleigh, NC 27615
      View Details
    • Contact for pricing
      1,408 SF

      Remodeled Home in Stonehenge Cottages

      Charming 3-bedroom home with updated kitchen and flexible living spaces.
      7704 Falcon Rest Cir, Raleigh, NC 27615
      View Details
    • $320,000
      Pending

      Raleigh Land in Stone Creek

      Two residential lots totaling 2.4 acres in Raleigh, NC.
      600 Hawick Rd, Raleigh, NC 27615
      View Details
    • $475,000
      Pending

      Raleigh Office Space For Sale

      Unique office condos in Raleigh, perfect for salon or suites.
      800 203, Raleigh, NC 27615
      View Details
    • $499,000
      Pending

      Raleigh Land in North Ridge

      Vacant lot in North Ridge neighborhood with golf course views.
      7019 Litchford Rd, Raleigh, NC 27615
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,181 SF

      Raleigh Retail Space for Lease

      High-traffic retail space in prime location.
      9600 Falls Of Neuse Rd, Raleigh, NC 27615
      View Details
    • Contact for pricing
      468,314 SF

      Six Forks Station Retail Space

      North Raleigh retail center; high traffic.
      0 6 Frk Rd. & Strickland Rd, Raleigh, NC 27615
      View Details
    • $37 SF/Yr
      20,000 SF

      Prime Raleigh Retail Space

      10 Suites, 15,050 SF Available, Class A
      2309 Spring Forest Rd, Raleigh, NC 27615
      View Details
    • $10 SF/Yr
      51,304 SF

      Warehouse Space in Lincoln Park

      14,600 SF warehouse space available for sublease.
      3216 Spottswood St, Raleigh, NC 27615
      View Details
    • $23 SF/Yr
      6,313 SF

      Prime Raleigh Executive Suites

      Class A Office Space, 6,313 SF Available
      7200 Falls Of Neuse Rd, Raleigh, NC 27615
      View Details
    • Contact for pricing
      185,000 SF

      8300 Health Park: Premier Office Space

      North Raleigh medical office building, multiple suites available.
      8300 Health Park, Raleigh, NC 27615
      View Details
    Request Owner's contact information
    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.
    Fls Of Neuse Rd. & Durant Rd
    Raleigh, NC 27615
    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
    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

    Google sign-in failed. Please try again or use another login method.