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    Property profile & analytics
    OFF-MARKET Estimated value $15,650,000
    Distribution centers

    2315 Atlantic Ave, Raleigh, NC 27604-1407

    127,875 SF 4.7 ac lot Built 1973
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US53-5679709
    Property summary
    AI-generated overview

    This exceptional retail property, located at 2315 Atlantic Avenue in Wake County, offers a substantial 38,135 square feet of single-tenant space currently available for lease. The building presents a unique opportunity for a business seeking a significant footprint. The space is entirely vacant, allowing for complete customization to suit a tenant's specific needs. While the property includes a 3,000 square foot office area, it requires rehabilitation. The building boasts impressive features including 18-foot ceilings and seven loading docks, making it ideal for businesses requiring ample space and efficient loading capabilities. The lease terms expire on July 31, 2026. The rental rate is $7.95 per square foot, triple net (NNN), with a tenant improvement allowance (TICAM) of $1.55 per square foot. This prime location in Wake County offers excellent visibility and accessibility, making it an attractive proposition for a wide range of retail businesses. The substantial square footage, combined with the loading dock access and high ceilings, makes this property particularly suitable for businesses requiring significant storage or operational space. The upcoming lease expiration date provides an opportunity for a long-term commitment with favorable lease terms. This is a rare opportunity to secure a large, well-located retail space in a thriving market. Interested parties are encouraged to inquire promptly.

    Property profile
    Verified
    Property type Distribution centers
    Use group DISTRIBUTION WAREHOUSE
    Year built 1973
    Total area 127,875 SF
    Lot 4.7 ac (204,732 SF)
    Zoning code IX-3
    APN 1715.18-20-6245 0082744
    UPID US53-5679709
    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
    Current use
    Occupant on record · Public records
    • Few Moves Moving Company (Raleigh) Moving Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $15.29M
    Comparable Approach Comparable
    $10.46M
    Blend (final) Blend
    $15.65M
    Owner & transaction history
    B3 Aa2315 LLC
    B3 Aa2315 LLC
    since 2025
    7 recorded transactions
    2025
    2025
    $20.8M
    2025
    2021
    2017
    $5.5M
    2017
    $22,000
    2017
    Zoning & alternative use
    IX-3 · Raleigh, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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