321 Leagan Dr Raleigh, NC 27603
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.
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
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.