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    OFF-MARKET
    Commercial real estate

    3219 Poole Rd, Raleigh, NC 27610

    11,000 SF 1.61 ac lot
    Entity Owned 4-yr Hold
    Property ID
    US53-1886632
    Property summary
    AI-generated overview

    This exceptional 1.611-acre commercial property, located at 3219 Poole Road in Raleigh, NC, presents a unique investment opportunity. The site boasts two existing buildings totaling 11,000 square feet and is zoned NX-3-CU (permitted uses should be verified independently). All utilities are conveniently stubbed to the property. Developers can choose to renovate the existing structures, construct a single 11,000 square foot building, or develop two separate buildings. The flexibility extends to subdividing the lot or pursuing a build-to-suit arrangement. A ground lease option is also being considered. This prime location offers unparalleled access to key amenities and a rapidly growing residential area. The property sits at the intersection of Poole Road and Sunnybrook Road, bordering The Montage, a new residential development featuring 92 homes priced from the $350,000s. Over 305 additional residences are planned for this immediate area, ensuring strong future demand. Furthermore, the property enjoys proximity to WakeMed Raleigh Campus (approximately one mile), Downtown Raleigh (3.5 miles), Raleigh Country Club, I-440, and Wake County's new $130 million Health and Human Services Campus (within three blocks). The property's APN is 1723364186. This is an ideal location for a variety of commercial ventures, capitalizing on the significant residential growth and convenient access to major roadways and healthcare facilities.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 11,000 SF
    Lot 1.61 ac (70,175 SF)
    APN 1723364186
    UPID US53-1886632
    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
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    Owner & transaction history
    Southern Purchasing Group LLC · 4 yrs held
    Southern Purchasing Group LLC
    since 2021
    3 recorded transactions
    2021
    $500,000
    2017
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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