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    OFF-MARKET
    Commercial real estate

    2000 Falls Valley Dr, Raleigh, NC 27615

    92,204 SF 3.57 ac lot
    Property ID
    US53-0775113
    Property summary
    AI-generated overview

    This exceptional 3.57-acre commercial property in Raleigh, NC, presents a unique development opportunity. Located in Wake County, at 2000 Falls Valley Dr, zip code 27615, this Planned Development District (PDD) site boasts a prime location just 1,000 feet from the signalized intersection of I-540 and Falls of Neuse Road (44,000 vehicles per day), offering unparalleled visibility and accessibility. The property's zoning (CX-5-CU) allows for a wide range of commercial uses, including the already-approved plans for a 92,204 square foot, 627-unit self-storage facility. However, alternative uses such as daycare, veterinary clinics, or assisted living facilities are also permissible. The site features an eight-story building with ceiling heights ranging from 50 to 80 feet. Strong demographics support this location, with an average household income of $157,512 within one mile and a median age of 39 within five miles. The high traffic volume on I-540 (76,000 vehicles per day) ensures significant exposure. This property offers substantial frontage along I-540 and benefits from a high concentration of residential developments nearby. The APN numbers are 1718710425 and 1718712291. This versatile site is ideal for investors seeking a high-impact commercial development project in a thriving Raleigh neighborhood.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 92,204 SF
    Lot 3.57 ac (155,509 SF)
    APN 1718710425; 1718712291
    UPID US53-0775113
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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