2000 Falls Valley Dr, Raleigh, NC 27615
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.