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Property profile & analytics
OFF-MARKET
Life science properties

321 Leagan Dr Raleigh, NC 27603

7,500 SF 1.9 ac lot Built 2024
Entity Owned 1-yr Hold
Property ID
US53-2823868
Property summary
AI-generated overview

This exceptional 7,500-square-foot Class A freestanding flex building in Raleigh's Garner submarket is ideally suited for a variety of uses, including flex, R&D, and manufacturing. Located at 321 Leagan Dr, Raleigh, NC 27603, this single-tenant property sits on 1.9 acres and boasts a modern design completed in 2024. The building features a striking unique facade, upgraded insulation, and a 22-foot ceiling height at the front, transitioning to 17 feet at the rear. Access is provided by five 12' wide x 14' high drive-in doors, painted black, and ample parking with 14 spaces (with potential for expansion). The rear of the building includes a gravel area with a 5-foot concrete wrap. The building shell is currently under final construction, with brickwork and storefront installation underway. The project is expected to be fully enclosed by October 2024. The property is zoned IX-3 and offers a prime location within the thriving Garner submarket. This is a rare opportunity to secure a brand-new, high-quality flex space in a desirable location.

Property profile
Verified
Property type Life science properties
Year built 2024
Total area 7,500 SF
Lot 1.9 ac (82,764 SF)
UPID US53-2823868
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Oakleaf Property Investments LLC · 1 yrs held
Oakleaf Property Investments LLC
since 2025
6 recorded transactions
2025
$2.4M
2025
Price N/A
2024
Price N/A
2021
Price N/A
2021
$365,000
2018
$500,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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