1501 Sunrise Ave Raleigh, NC 27608
- Warehouses
- 39,980 SF
- 3.08 lot acres
Current Use by Public Records
- Renovation Specialists / Construction Company
- Bright Spot Donuts / Donut Shop
- Blink Charging Station / Electric Vehicle Charging Station
- The Junction at Five Points / Corporate Office
- Capital Associates / Commercial Real Estate Agency / Property Management Company
Property Details for 1501 Sunrise Ave
- Year built
- 1954
- Construction
- CONCRETE BLOCKS
- Lot size
- 3.08 lot acres
- Property size
- 39,980 SF
- Zone code
- IX-3
- Property type
- Warehouses
- APN
- 1704.12-76-8853 0027438
- APU
- 1704127688530027438
Description
This unique Raleigh property, The Junction at Five Points (1501 Sunrise Ave, 27608), offers 1,877 square feet of immediately available space in a 45,000 square foot building. Originally constructed in 1954 and extensively renovated in 2021, this single-story building boasts a blend of executive office and warehouse space. The 35,000 square feet of creative office and retail space is complemented by 10,000 square feet of ground-floor warehouse space featuring sprinkler systems and exterior roll-up doors for convenient loading and unloading. Ample surface parking is a significant advantage, a rarity for properties of this type. Located in the heart of Raleigh's Five Points neighborhood, just north of downtown, this adaptive reuse project offers a modern, updated space with a charming exterior makeover, including shade trees. Its convenient location near breweries like Nickelpoint and Neuse River Brewing adds to its appeal. The property's prime location at the corner of Carson Street and Sunrise Avenue in Wake County provides excellent accessibility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,185,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,245,000
- 6.5%
- $1,145,000
- 7%
- $1,235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,185,000
- Geo Method
- $1,155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,190,000
- Retail
- $1,200,000
- Mixed-Use
- $1,090,000
- Hospitality
- $1,070,000
- Educational
- $1,165,000
- Residential Income
- $1,035,000
- Energy
- $955,000
- Income-Based Land
- $1,170,000
- Food Service
- $1,065,000
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6363
- Latitude
- 35.8015
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
