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    FOR SALE
    Commercial land

    4060 Sumner Blvd, Raleigh, NC 27616

    Entity Owned 1-yr Hold
    Property ID
    US53-2875149
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Raleigh Septic Tank Pumping Plumbing Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Capital Land Investment Company · 1 yrs held
    Capital Land Investment Company
    since 2025
    1 recorded transaction
    2025
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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