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    5000 Raleigh Beach Rd Raleigh, NC 27610
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    5000 Raleigh Beach Rd Raleigh, NC 27610

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    • Commercial land
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    Northeast Raleigh Commercial Parcel For Sale
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    18.99 Acres

    Northeast Raleigh Commercial Parcel

    Commercial parcel in Northeast Raleigh with frontage on US-64.

    5000 Raleigh Beach Rd, Raleigh, NC 27610
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    Property ID
    US53-1467605
    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

    • Commercial land

    Property Details for 5000 Raleigh Beach Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Prime opportunity in Northeast Wake County. Large commercial parcel and smaller commercial outparcel on New Bern Avenue available. Properties have frontage on US-64 Business and are zoned for Planned Development. A new ±60 Acre Mixed-Use Planned Development (Edgewater Commons) Prime location in Northeast Raleigh at New Bern Avenue and N. Rogers Lane Sits adjacent to the Neuse River & Capital Area Greenway system, spanning over 112 miles with scenic views of the Neuse River Property Features Site: ±18.99 AC Neighborhood Retail | Commercial Parcel Location: Sits in a prime location in Northeast Raleigh, at the intersection of New Bern Avenue and North Rogers Lane, just 12 minutes from downtown Raleigh, with convenient access to both I-440 and I-540 Frontage: New Bern Avenue, with 28,000 AADT

    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
    -78.5486416
    Latitude
    35.7961314

    Comparable in this City

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      Mixed-Use Land on Rock Quarry

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      Prime Development Lot For Sale

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      Raleigh Land Parcel For Sale

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    Similar Nearby for Sale

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      Raleigh Land Parcel For Sale

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      Raleigh Land Parcel For Sale

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      Raleigh Land with Development Potential

      Raleigh land rezoned for mixed-use development near upcoming BRT station.
      3151 New Bern Ave, Raleigh, NC 27610
      View Details
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      Prime Development Lot For Sale

      0.78 acre lot with development potential in Raleigh, NC.
      640 Sunnybrook Rd, Raleigh, NC 27610
      View Details
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      Raleigh Land Parcel For Sale

      Land parcel suitable for residential or commercial development in Raleigh.
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      View Details
    • $12,000,000

      Raleigh Land Parcel For Sale

      Land parcel in Raleigh, NC, with mixed-use development potential.
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      View Details

    Similar Nearby for Lease

    • $17 SF/Yr

      Raleigh Specialty Property For Rent

      Specialty commercial property available for rent in Raleigh, North Carolina.
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      Raleigh Industrial Space For Lease

      Industrial space for lease in Raleigh, available June 2026.
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      Retail Space For Lease

      Retail property available for lease in Raleigh, North Carolina.
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    • $2,025 /Mo
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      Versatile Commercial Facility in Raleigh

      25,000 sq ft facility suitable for diverse uses.
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    View Listing
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    Raleigh, NC 27610
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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.

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