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
    Property profile & analytics

    2309 Spring Forest Rd Raleigh, NC 27615

    • Retail space
    • 3,708 SF
    • 1.26 lot acres
    For Lease
    View listing
    $37 SF/Yr
    Value Estimation
    $595,000
    Location Intelligence
    Property ID
    US53-0361867
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 2309 Spring Forest Rd

    Year built
    2022
    Construction
    BRICK
    Lot size
    1.26 lot acres
    Property size
    3,708 SF
    Zone code
    CX-3
    Property type
    Retail space
    APN
    1716.08-88-2877 0001612
    APU
    1716088828770001612

    Description

    This exceptional Class A retail property, located at 2309 Spring Forest Rd, Raleigh, NC 27615, offers 10 available suites in a vibrant Raleigh submarket. The building, completed in 2025, boasts a total of 20,000 square feet, with individual suite sizes ranging from a minimum of 1,880 square feet to a maximum contiguous space of 2,850 square feet. Currently, 15,050 square feet are vacant, presenting a significant opportunity for multiple tenants. The two-story building features ample parking with 93 spaces conveniently located for customers and employees. The property is served by Duke Energy and includes elevators for easy access to both floors. Its strategic location on Spring Forest Rd, with cross access to Atlantic Avenue, ensures high visibility and accessibility. This is an ideal location for fast-food restaurants or similar businesses seeking a modern, well-maintained space in a thriving area of Raleigh. The property's Class A designation reflects its superior construction and amenities. Don't miss this chance to secure prime retail space in a high-demand location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $670,000

    • CAP approach

      CAP return
      Estimation
      6%
      $570,000
      6.5%
      $500,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $555,000
      Geo Method
      $545,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $645,000
      Retail
      $510,000
      Mixed-Use
      $575,000
      Hospitality
      $660,000
      Educational
      $660,000
      Residential Income
      $520,000
      Energy
      $575,000
      Income-Based Land
      $575,000
      Food Service
      $665,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6009
    Latitude
    35.8619
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,049
    $974,599
    $527,829
    $1,502,428
    -
    $974,599
    $527,829
    $1,502,428

    Comparable in this City

    • Value Estimation by Request
      20,017 SF

      8800 Harvest Oaks Dr

      RETAIL STORES (PERSONAL SERVICES) • 20,017 SF
      8800 Harvest Oaks Dr, Raleigh, NC 27615-2074
      View Details
    • Value Estimation by Request
      2,954 SF

      9009 Baileywick Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,954 SF
      9009 Baileywick Rd, Raleigh, NC 27615-1974
      View Details
    • Value Estimation
      $490,000
      1,379 SF

      7110 Sandy Forks Rd, Unit A

      RETAIL STORES (PERSONAL SERVICES) • 1,379 SF
      7110 Sandy Forks Rd, Raleigh, NC 27615-6715
      View Details
    • Value Estimation by Request
      1,843 SF

      2224 Dixie Frst Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,843 SF
      2224 Dixie Frst Rd, Raleigh, NC 27615
      View Details
    • Value Estimation
      $3,885,000
      21,464 SF

      7440 6th Frks Rd

      RETAIL STORES (PERSONAL SERVICES) • 21,464 SF
      7440 6th Frks Rd, Raleigh, NC 27615-5100
      View Details
    • Value Estimation
      $720,000
      9,062 SF

      5610 Atlantic Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,062 SF
      5610 Atlantic Ave, Raleigh, NC 27615-4134
      View Details

    Similar Nearby for Sale

    • $387,500
      Pending

      Residential Lot in North Ridge

      Desirable 0.28 acre lot to build your custom home.
      Bent Pine Pl, Raleigh, NC 27615
      View Details
    • $550,000
      2,000 SF

      Two-Story Office Condo For Sale

      Two-story office condo in North Raleigh, ample parking.
      140 Wind Chime Ct, Raleigh, NC 27615
      View Details
    • $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
    • $295,000
      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
      2.40 Acres

      Raleigh Land in Stone Creek

      Two residential lots totaling 2.4 acres in Raleigh, NC.
      600 Hawick Rd, Raleigh, NC 27615
      View Details

    Similar Nearby for Lease

    • 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
    • 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
    • $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
    • $21 SF/Yr
      44,652 SF

      North Raleigh Office Sublease Available

      Office suite in North Raleigh with convenient access to amenities.
      7208 Falls Of Neuse Rd, 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.
    2309 Spring Forest 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 Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.