5211 Hillsborough St Raleigh, NC 27606-1364
This exceptional investment opportunity presents a standalone flex/retail building at 5211 Hillsborough Street in Raleigh, North Carolina. The property boasts 4,904 square feet situated on a 0.41-acre lot, offering ample space for a variety of uses. Its prime location directly across from the North Carolina State Fairgrounds, near Lenovo Center and Carter-Finley Stadium, ensures high visibility and significant foot traffic. The IX-3 zoning permits a range of commercial activities. The building includes convenient on-site parking for over 20 vehicles, a significant advantage in this high-demand area. Its strategic placement near major highways, I-440 and I-40, provides easy access throughout the region, enhancing its appeal to businesses seeking excellent connectivity. The asking price for this rare ownership opportunity in Raleigh's Westover neighborhood is $1,500,000. This property represents a compelling investment prospect due to its location, size, and ample parking. The building's standalone nature offers flexibility and control, while its prominent Hillsborough Street address ensures maximum exposure. This is a unique chance to acquire a well-positioned commercial property in a thriving Raleigh neighborhood.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IX-3 · Raleigh, NCRaleigh. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.