Property profile

3501 Capital Blvd Raleigh, NC 27604

OFF-MARKET
Strip malls
Property ID
US53-1929258
56,201 SF 8.94 ac lot Built 1987
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

Emporium Plaza, located at 3501 Capital Boulevard in Raleigh, North Carolina (zip code 27604), presents a compelling investment opportunity in a thriving retail market. This 108,581 square foot shopping center boasts 21 suites, with six currently available for lease. The available spaces range in size from 1,507 square feet to 4,960 square feet, offering flexibility for a variety of retail businesses. Strategically positioned at the corner of Old Buffalo Road and Capital Boulevard, the center benefits from exceptional visibility and accessibility. Its location within a densely populated area ensures high foot traffic and strong consumer demand. The center is situated blocks from numerous other shopping centers and restaurants, further enhancing its appeal and drawing from a substantial customer base. This prime location serves a population exceeding 70,000 people within a three-mile radius, providing a robust and established market for potential tenants. The property's size and location make it an ideal investment for those seeking a strong return in a high-growth area of Raleigh. Contact us today to learn more about the available spaces and leasing opportunities at Emporium Plaza.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 56,201 SF
Lot 8.94 ac (389,426 SF)
Zoning code IX-3
APN 1725.09-26-4453 0150410
UPID US53-1929258

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
  • Restaurant
  • (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
  • Discount Store
  • Construction Company
  • Telecommunications Service Data Center

Location

3501 Capital Blvd Raleigh, NC 27604-3366
Raleigh metro Census 52705 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.09M

Owner & transaction history

2 recorded transactions
1969
Price N/A
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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