5540 Centerview Dr, Raleigh, NC 27606
- Office buildings
- 95,088 SF
- 9.19 lot acres
Current Use by Public Records
- Altera Corporation / Electronics & Wireless Store
- Mandolin HVAC and Construction LLC / HVAC Service / General Contractor
- Woodard Corp / (Bike/Boat/Book/etc) Store
- Technical Training Inst / University / Book Store
- Globalxperts Inc / (Bike/Boat/Book/etc) Store / Corporate Office
Property Details for 5540 Centerview Dr
- Year built
- 1986
- Lot size
- 9.19 lot acres
- Zone code
- OX-4
- Property type
- Office buildings
- APN
- 0773.16-92-4812 0184039
- APU
- 773169248120184039
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 20, 2017 | $13,500,000 | Bmic Real Estate LLC | Tnref III West Raleigh LLC | Grant Deed | — |
| May 1, 2015 | $19,125,000 | Tnref III West Raleigh LLC | Ergs II Reo Owner LLC | Grant Deed | — |
| Jan 20, 2012 | $43,950,000 | Ergs II Reo Owner LLC | Duke Realty LP | Grant Deed | — |
| — | — | Ergs II Reo Owner LLC | — | Deed Of Trust · related | $30M · Citibank NA |
Description
This exceptional Class A office building, located in convenient West Raleigh at 5540 Centerview Drive, offers a variety of move-in ready executive office suites for lease. The four-story building boasts a total of 95,088 square feet situated on a generous 9.19-acre lot in Wake County. Multiple suite sizes are available to accommodate various business needs, ranging from approximately 2,174 square feet to 6,978 square feet. Specifically, Suite 101 offers 4,968 square feet; Suite 217 provides 3,151 square feet; Suite 304 encompasses 2,174 square feet; Suite 317 features 2,290 square feet; and Suite 405 comprises 2,554 square feet. A larger space, Suite 415/421, totaling 6,978 square feet, is available December 1, 2024, and can be subdivided into two units of 3,321 and 3,556 square feet. The building is equipped with high-speed Level 3 fiber optics, ensuring seamless connectivity. Ample parking is provided at a ratio of 4.6 spaces per 1,000 square feet. This locally-owned property presents a fantastic opportunity for businesses seeking premium office space in a desirable West Raleigh location. All suites are move-in ready.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $23,420,000
- 6.5%
- $21,615,000
- 7%
- $20,070,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $18,661,000
- AI Estimate
- $10,539,000
Market price range: $13.5M - $24.7MMarket price range: $2.08M - $16.6M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $18,550,000 Current use
- AUTO REPAIR, GARAGE
- $28,035,000 Change: +51% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.7323
- Latitude
- 35.7631
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
