Property profile

4060 Sumner Blvd Raleigh, NC 27616

FOR SALE
Commercial land
Property ID
US53-2875149
Entity Owned 1-yr Hold
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Property summary

AI-generated overview

Foundry Commercial Is Pleased to Present Approximately 1.19 Acres of Land Located Along Sumner Boulevard Adjacent to Triangle Town Center and Poyner Place Shopping Centers and In Close Proximity to I-540, and U.S. 401. Triangle Town Center and Poyner Place Feature Numerous Amenities as Well as A Diverse Collection of National, Regional, and Local Retail Tenants Such as Belk, Saks Fifth Avenue, Dick’s Sporting Goods, Old Navy, World Market, H&m, and Target. the Property Is Conveniently Located in One of The Fastest Growing Submarkets in The Triangle and Allows a Developer to Take Advantage of Increased Infrastructure, Population Growth and Rising Incomes. the Site Is Located Within the (cx-4-Cu) Commercial Mixed Use Zoning District Within the City of Raleigh, Which Allows for A Variety of Retail, Multifamily and Commercial Uses with A Height Restriction up To Four Stories.

Property profile

Verified
Property type Commercial land
UPID US53-2875149

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
  • Plumbing Service

Location

4060 Sumner Blvd Raleigh, NC 27616
Raleigh metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

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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