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    Property profile & analytics
    OFF-MARKET Estimated value $10,090,000
    Strip malls

    3501 Capital Blvd, Raleigh, NC 27604-3366

    56,201 SF 8.94 ac lot Built 1987
    Entity Owned ~ Est. High Equity
    Property ID
    US53-1929258
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mayami Restaurant & Lounge Restaurant
    • Backyard Leisure: Hot Tubs and Pools (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
    • Ollie's Bargain Outlet Discount Store
    • TNT Development Construction Company
    • H & L Enterprises Inc Telecommunications Service Data Center
    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
    Buffaloe One Associates LLC
    Buffaloe One Associates LLC
    2 recorded transactions
    1969
    1969
    Zoning & alternative use
    IX-3 · Raleigh, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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