Property profile

3216 Spottswood St Raleigh, NC 27615

OFF-MARKET
Warehouses
Property ID
US53-5648860
51,304 SF 2.8 ac lot Built 1994
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property at 3216 Spottswood Street offers 24,400 square feet of warehouse space for lease. The building is currently fully vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual suites. Two suites are available, with a minimum divisible space of 9,800 square feet and a maximum contiguous space of 24,400 square feet. The warehouse boasts impressive features including a 25-foot ceiling height, providing ample vertical storage capacity. Convenient loading and unloading is ensured with three dock-high doors and four drive-in doors, facilitating efficient material handling. This property is ideally suited for businesses requiring substantial storage and easy access for large vehicles. Its versatile layout and significant square footage make it an attractive option for a wide range of industrial operations. The property's location offers excellent accessibility and visibility, making it a prime location for businesses seeking a strategic advantage. Contact us today to schedule a viewing and explore the possibilities this exceptional warehouse space offers.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1994
Total area 51,304 SF
Lot 2.8 ac (121,968 SF)
Zoning code IX-3
APN 1727.06-48-4672 0085546
UPID US53-5648860

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Auto Repair Shop
  • Auto Repair Shop Vehicle Inspection Center
  • Auto Repair Shop
  • Carpet Cleaning Service Air Duct Cleaning Service

Location

3216 Spottswood St Raleigh, NC 27615-4187
Raleigh metro Census 54016 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.97M
Comparable Approach Comparable
$7.52M
Blend (final) Blend
$7.53M

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2021
Price N/A
2021
Price N/A
2018
$54.0M
2016
Price N/A
2006
$29.6M
1969
Price N/A

Zoning & alternative use

IX-3 · Raleigh, NC
Zoning description

The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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