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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4550 Preslyn Dr Raleigh, NC 27616

    • Manufacturing properties
    • 8,000 SF
    • 1.41 lot acres
    For Sale
    View listing
    Last Sale
    Dec 02, 2022
    $1,213,500
    Value Estimations
    Cap Rate Potential
    3.7%
    Manufacturing properties
    Location Intelligence
    Property ID
    US53-0353949
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 4550 Preslyn Dr

    Year built
    2020
    Construction
    BRICK
    Lot size
    1.41 lot acres
    Property size
    8,000 SF
    Zone code
    IX-3
    Property type
    Manufacturing properties
    APN
    1728.20-80-0221 0145033
    APU
    1728208002210145033

    Description

    This exceptional 11,200-square-foot flex space presents a compelling investment opportunity in Raleigh, North Carolina. Located at 4550 Preslyn Dr, this 2021-built facility sits on a 1.41-acre lot and boasts a versatile IX-3 zoning designation, permitting a wide array of uses including office, retail, light industrial, and service-oriented businesses. The two-story building offers 8,000 square feet on the main level and an additional 3,200 square feet on the lower level, complemented by a single rolling door ideal for logistical needs or warehousing. The property features five bathrooms—one for the main office and four for employee/customer use—ensuring ample convenience. Ample parking is provided with 20 spaces upfront and additional spaces available at the rear. The building's modern design, strategic zoning, and functional layout make it an attractive option for owner-users seeking a flexible and valuable asset. The property is currently vacant and ready for immediate occupancy. This Class A property offers a unique blend of functionality and location, making it an ideal investment for discerning buyers. Further details on the zoning regulations can be found at the provided link in the original listing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,370,000
      ML approach
      $1,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,344,000
      Market price range: $444k - $1.34M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $920,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5677
    Latitude
    35.893
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $20,655
    $353,779
    $2,024,460
    $2,378,239
    -
    $353,779
    $2,024,460
    $2,378,239

    Comparable in this City

    • Value Estimation
      $1,040,000
      115,216 SF

      8800 Durant Rd

      MANUFACTURING (LIGHT) • 115,216 SF
      8800 Durant Rd, Raleigh, NC 27616-3104
      View Details
    • Value Estimation
      $750,000
      30,483 SF

      5325 Departure Dr

      MANUFACTURING (LIGHT) • 30,483 SF
      5325 Departure Dr, Raleigh, NC 27616-1835
      View Details
    • Value Estimation
      $9,155,000
      54,480 SF

      5640 Departure Dr

      MANUFACTURING (LIGHT) • 54,480 SF
      5640 Departure Dr, Raleigh, NC 27616-1841
      View Details
    • Value Estimation
      $290,000
      1,972 SF

      2806 Forestville Rd

      MANUFACTURING (LIGHT) • 1,972 SF
      2806 Forestville Rd, Raleigh, NC 27616
      View Details
    • Value Estimation
      $345,000
      4,400 SF

      4750 Hargrove Rd

      HEAVY MANUFACTURING • 4,400 SF
      4750 Hargrove Rd, Raleigh, NC 27616-2874
      View Details
    • Value Estimation
      $1,420,000
      46,928 SF

      4541 Preslyn Dr

      MANUFACTURING (LIGHT) • 46,928 SF
      4541 Preslyn Dr, Raleigh, NC 27616-3178
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,200 SF

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    Similar Nearby for Lease

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      View Details
    • $19 SF/Yr
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      Versatile Flex Suite in Raleigh

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    • $17 SF/Yr
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      Capital Blvd Retail Opportunity

      Prime retail space with high visibility and ample parking.
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      View Details
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      Charming Townhome with Private Courtyard

      Raleigh townhome with updated interior, natural light, and private courtyard.
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    • Contact for pricing
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      View Details
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    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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