3701 Neil St Raleigh, NC 27607
- Warehouses
- 46,949 SF
- 2.73 lot acres
Current Use by Public Records
- Trusted Forklift Certification / Training Centre
Property Details for 3701 Neil St
- Year built
- 1947
- Construction
- BRICK
- Lot size
- 2.73 lot acres
- Property size
- 46,949 SF
- Zone code
- IX-3
- Property type
- Warehouses
- APN
- 0794.14-23-8669 0056410
- APU
- 794142386690056410
Description
This exceptional executive office space, located at 3701-3715 Neil Street in Wake County, offers a unique blend of historic charm and modern convenience. Housed within a beautifully preserved 1920s brick warehouse, this single-story building boasts a total of 54,250 square feet. Currently, 26,000 square feet of space is available, divisible into units as small as 7,000 square feet, with a maximum contiguous space of 19,000 square feet. The building's industrial zoning allows for a variety of uses. Its convenient location within the beltline, off Hillsborough Street, provides easy access to both NC State University and Meredith College, enhancing its appeal to a diverse range of businesses. The property benefits from a walkable environment, with six restaurants located within a single block. Building amenities include one drive-in door and one dock door, catering to efficient loading and unloading. This end unit offers a unique opportunity to establish a presence in a vibrant and accessible location. The building's character and prime location make it an ideal choice for businesses seeking a distinctive and well-situated office space. The available space presents a flexible solution for companies of varying sizes, offering a blend of historical architecture and modern functionality.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,050,000
- 6.5%
- $1,035,000
- 7%
- $1,055,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,075,000
- Geo Method
- $1,015,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,230,000
- Retail
- $895,000
- Mixed-Use
- $930,000
- Hospitality
- $1,075,000
- Educational
- $1,045,000
- Residential Income
- $1,120,000
- Energy
- $1,015,000
- Income-Based Land
- $1,020,000
- Food Service
- $1,035,000
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6869
- Latitude
- 35.793
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
