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Property profile & analytics

4500 Western Blvd Raleigh, NC 27606

  • Outlet malls
  • 94,050 SF
  • 12.08 lot acres
Value Estimation
Location Intelligence
Property ID
US53-2068378
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

  • Jarhead Training / Personal Trainer / Basketball Court
  • Frey Basketball -Raleigh Elite Basketball Training / Personal Trainer / Basketball Club
  • Sears Appliance Repair / Appliance Repair Service / Air Conditioning Repair Service
  • Nutan Sheth / Pharmacy
  • Angela Alston / Pharmacy

Property Details for 4500 Western Blvd

Year built
1971
Construction
CONCRETE BLOCKS
Lot size
12.08 lot acres
Property size
94,050 SF
Zone code
CX-5
Property type
Outlet malls
APN
0784.20-81-5120 0065818
APU
784208151200065818

Description

This exceptional 117,440-square-foot retail storefront at 4500 Western Blvd, Raleigh, NC, presents a unique investment opportunity. Located in Wake County, near the intersection of Western Boulevard and Blue Ridge Road, this single-tenant property sits on 12.88 acres and offers significant potential for a variety of businesses. The building is entirely vacant, providing a blank canvas for a new tenant to customize the space to their exact needs. The property boasts 925 parking spaces, ensuring ample convenience for customers and employees. An outdoor amenity space adds further appeal. This location benefits from its designation as an Opportunity Zone, offering potential tax advantages. The property's proximity to numerous residential neighborhoods, NC State University, and Meredith College guarantees a substantial built-in customer base, encompassing students, faculty, and local residents. The large square footage is divisible in 20,000-square-foot increments, allowing for flexibility in tenant configuration. This property is ideally suited for a wide range of uses, including large-scale retail showrooms, industrial operations, or logistics warehousing, making it a dynamic hub for business growth and community impact. The zip code is 27606.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Raleigh
County
Wake
State
North Carolina
Longitude
-78.7014
Latitude
35.7859
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
2023
$71,448
$5,140,760
$941,579
$6,082,339
-
$5,140,760
$941,579
$6,082,339
More about this property
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