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    3216 Spottswood St Raleigh, NC 27615-4187
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    Property profile & analytics

    3216 Spottswood St Raleigh, NC 27615-4187


    • Warehouses
    • 51,304 SF
    • 2.80 lot acres
    Warehouse Space in Lincoln Park For Lease
    $10 SF/Yr
    51,304 SF

    Warehouse Space in Lincoln Park

    14,600 SF warehouse space available for sublease.

    3216 Spottswood St, Raleigh, NC 27615
    View Listing
    Property ID
    US53-5648860
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Servpro / Construction Company / General Contractor
    • Integrity Auto Care at Torque Automotive / Auto Repair Shop
    • The Hybrid Geek / Auto Repair Shop / Vehicle Inspection Center
    • Torque Automotive / Auto Repair Shop
    • SERVPRO of North Raleigh & Wake Forest / Waste Management Service / Carpet Cleaning Service

    Property Details for 3216 Spottswood St

    Year built
    1994
    Lot size
    2.80 lot acres
    Property size
    51,304 SF
    Zone code
    IX-3
    Property type
    Warehouses
    APN
    1727.06-48-4672 0085546
    APU
    1727064846720085546

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $7,555,000
      6.5%
      $6,970,000
      7%
      $6,475,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,519,000
      Market price range: $7.52M - $18.2M
    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $11,570,000
      Current use

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5798
    Latitude
    35.8886
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,213
    $603,742
    $2,626,837
    $3,230,579
    -
    $603,742
    $2,626,837
    $3,230,579
    View Listing
    More about this property
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