Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5500 Atlantic Springs Rd Raleigh, NC 27616
    Back to Search
    Property profile & analytics

    5500 Atlantic Springs Rd, Raleigh, NC 27616

    View on Map
    • Retail properties & Spaces
    • 16,272 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jamaican Grille / Restaurant
    • Booze N Brush Paint and Sip / Training Center
    • Candy Kingdom Dulcería / Specialty Food Shop / Candy Store
    • Dulceria La Colmena / Specialty Food Shop / Candy Store
    • Mapp To Fitness / Gym & Fitness Center

    Property Details for 5500 Atlantic Springs Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Industrial properties

    Description

    Spring Forest Square offers exceptional flex space for lease in Raleigh, North Carolina. Located at 5500 Atlantic Springs Rd, 27616, this Wake County property provides a total of 16,272 square feet of retail and industrial space. Currently, there are multiple units available, with a minimum divisible space of 1,024 square feet and a maximum contiguous space of 1,600 square feet. A total of 2,624 square feet is currently vacant and ready for immediate occupancy. The property's flexible layout makes it ideal for a variety of businesses seeking adaptable space to suit their specific needs. Its convenient location in Raleigh offers easy access to major transportation routes, ensuring seamless logistics and convenient commutes for employees and clients. This is a fantastic opportunity for businesses seeking a versatile and well-situated space in a thriving area of Wake County. The property is classified as a multi-tenant building, offering a dynamic and collaborative environment. Interested parties are encouraged to inquire about available space and lease terms. The property is situated in a prime location within Raleigh, offering excellent visibility and accessibility. This presents a unique opportunity to establish a strong presence in a vibrant and growing market.

    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
    -78.5966
    Latitude
    35.8575

    Comparable in this City

    • Value Estimation
      $24,110,000
      178,616 SF

      7500 Old Wake Frst Rd

      DEPARTMENT STORE
      7500 Old Wake Frst Rd, Raleigh, NC 27616-3224
      View Details
    • Value Estimation
      $24,900,000
      184,416 SF

      3801 Sumner Blvd

      DEPARTMENT STORE
      3801 Sumner Blvd, Raleigh, NC 27616-2994
      View Details
    • Value Estimation by Request
      9,996 SF

      8101 Target Side Dr

      Day care centers
      8101 Target Side Dr, Raleigh, NC 27616
      View Details
    • Value Estimation by Request
      2.82 Acres

      Buffaloe Rd & Forestville Rd

      Land
      0 Buffaloe Rd & Forestville Rd, Raleigh, NC 27616
      View Details
    • Value Estimation
      $11,360,000
      82,775 SF

      7700 Old Wake Frst Rd

      DEPARTMENT STORE
      7700 Old Wake Frst Rd, Raleigh, NC 27616-3228
      View Details
    • Value Estimation by Request
      3,462 SF

      Rib Shack Franchise For Sale

      Restaurants
      0 Rib Shack Franchise For Sale, Raleigh, NC 27616
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,840 SF

      Turnkey Flex Property For Sale

      9,840 SF flex property in prime North Raleigh location.
      5011 Departure Dr, Raleigh, NC 27616
      View Details
    • Contact for pricing
      11,200 SF

      Modern Flex Building in Raleigh

      Versatile 11,200 SF flex building suitable for diverse uses.
      4550 Preslyn Dr, Raleigh, NC 27616
      View Details
    • Contact for pricing
      11,200 SF

      Modern Flex Building in Raleigh

      11,200 SF flex building built in 2021 for sale.
      4550 Preslyn Dr, Raleigh, NC 27616
      View Details
    • $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
    • Contact for pricing
      1,833 SF

      Commercial Flex Space with Mezzanine

      1833 sq ft flex space with bay door.
      5621 Departure Dr, Raleigh, NC 27616
      View Details
    • $1,130,000
      Pending

      Raleigh Commercial Mixed-Use Opportunity

      1.55-acre commercial lot in Raleigh, zoned CX-3.
      4900 Spring Forest Rd, Raleigh, NC 27616
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,400 SF

      North Raleigh Freestanding Flex Building

      5,400 SF flex building with outside storage in Raleigh.
      8460 Garvey Dr, Raleigh, NC 27616
      View Details
    • $16 SF/Yr
      10,800 SF

      North Raleigh Flex Space Available

      Flex and warehouse spaces in North Raleigh with drive-in doors.
      8411 Garvey Dr, Raleigh, NC 27616
      View Details
    • $10,000 /Mo
      Pending

      Raleigh Commercial Flex Space Available

      Commercial flex space with offices, mezzanine, and bay door.
      5621 Departure Dr, Raleigh, NC 27616
      View Details
    • $16 SF/Yr
      11,200 SF

      Raleigh Industrial/Warehouse Space Available

      Move-in ready industrial/warehouse space in a well-located Raleigh corridor.
      4550 Preslyn Dr, Raleigh, NC 27616
      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.
    5500 Atlantic Springs Rd
    Raleigh, NC 27616
    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

    Thank You for Inquiry
    5500 Atlantic Springs Rd, Raleigh, NC, 27616
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!