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    4060 Sumner Blvd Raleigh, NC 27616
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    Property profile & analytics

    4060 Sumner Blvd Raleigh, NC 27616

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    • Commercial land
    Off-Market
    Property ID
    US53-2875149
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Raleigh Septic Tank Pumping / Plumbing Service

    Property Details for 4060 Sumner Blvd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5684424
    Latitude
    35.8629053

    Comparable in this City

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      Development Site on Fox Road

      0.63-acre development site in Raleigh's growing US-401 corridor.
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      Raleigh Commercial Mixed-Use Opportunity

      1.55-acre commercial lot in Raleigh, zoned CX-3.
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      Raleigh Commercial Land Opportunity

      2 acres of commercial land in Raleigh, North Carolina.
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      8.14 Acres

      Raleigh Land with Development Potential

      8.14 acres near I-540, suitable for daycare or residential development.
      5525 Buffaloe Rd, Raleigh, NC 27616
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    Similar Nearby for Sale

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      North Raleigh Assemblage Opportunity

      Two-parcel assemblage in a growing North Raleigh corridor.
      5621 Kyle Dr, Raleigh, NC 27616
      View Details
    • Contact for pricing

      Development Site on Fox Road

      0.63-acre development site in Raleigh's growing US-401 corridor.
      7612 Fox Rd, Raleigh, NC 27616
      View Details
    • $1,130,000
      Pending

      Raleigh Commercial Mixed-Use Opportunity

      1.55-acre commercial lot in Raleigh, zoned CX-3.
      4900 Spring Forest Rd, Raleigh, NC 27616
      View Details
    • Contact for pricing

      Raleigh Commercial Land Opportunity

      2 acres of commercial land in Raleigh, North Carolina.
      6109 Oak Forest Dr, Raleigh, NC 27616
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    • $2,600,000
      8.14 Acres

      Raleigh Land with Development Potential

      8.14 acres near I-540, suitable for daycare or residential development.
      5525 Buffaloe Rd, Raleigh, NC 27616
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    Similar Nearby for Lease

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      Land For Rent in Raleigh

      Commercial land available for rent in Raleigh, North Carolina.
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      1 SF

      Food Lion Outparcel Opportunity

      Outparcel opportunity near major transportation corridors and residential developments.
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      Raleigh Commercial Flex Space Available

      Commercial flex space with offices, mezzanine, and bay door.
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      Raleigh Industrial/Warehouse Space Available

      Move-in ready industrial/warehouse space in a well-located Raleigh corridor.
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      154,004 SF

      Retail Space in Raleigh Mall

      154,004 SF retail space available in Raleigh, NC.
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    4060 Sumner Blvd
    Raleigh, NC 27616
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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