Property profile

70 Glenwood Ave. & Pleasant Vly Rd Raleigh, NC 27612

OFF-MARKET
Retail properties & Spaces
359,922 SF
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Property summary

AI-generated overview

Pleasant Valley Promenade offers a unique opportunity for businesses seeking executive office space in Raleigh, North Carolina. This prominent commercial center, situated at the intersection of US Hwy. 70 (Glenwood Ave.) and Pleasant Valley Rd., boasts a total of 359,922 square feet of retail and office space. Thirteen individual suites are available, ranging from a minimum of 1,230 square feet to a maximum contiguous space of 35,335 square feet, providing flexibility for businesses of various sizes. Currently, 79,430 square feet of space is vacant, presenting a significant opportunity for immediate occupancy. The property features ample parking with 2,256 spaces available for tenants and their clients. Located in Wake County, this property benefits from excellent visibility and accessibility due to its strategic location on a major thoroughfare. The property's multiple tenancy structure allows for a diverse range of businesses to thrive within the same complex. This is an exceptional opportunity to establish a presence in a high-traffic area of Raleigh, offering convenient access to major transportation routes and a vibrant business community. The available space is ideal for businesses seeking modern, efficient, and well-located executive office suites.

Property profile

Verified
Property type Retail properties & Spaces
Total area 359,922 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

70 Glenwood Ave. & Pleasant Vly Rd Raleigh, NC 27612
Raleigh metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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