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    Property profile & analytics
    OFF-MARKET Estimated value $4,425,000
    Strip malls

    5563 Western Blvd, Raleigh, NC 27606-1888

    16,650 SF 7.64 ac lot Built 1985
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US53-1659858
    Property summary
    AI-generated overview

    Plaza West Shopping Center, located at 5563 Western Blvd (Space 10-10A) in Raleigh, NC (Wake County, zip code 27606), offers a prime retail opportunity within a thriving strip center. This established center boasts a total of 62,558 square feet of retail space. Currently, there is 5,000 square feet of vacant space available, perfect for a variety of retail uses. Individual spaces range from a minimum of 2,400 square feet to a maximum contiguous space of 3,600 square feet. The property's location in Wake County provides excellent access to a dense population base and high traffic volume along Western Boulevard. This presents a unique chance for businesses seeking high visibility and convenient access for customers. The property is classified as a multi-tenant retail strip center, offering a dynamic and established commercial environment. Interested parties should note the available space is suitable for businesses requiring between 2,400 and 3,600 square feet. This presents a compelling opportunity for businesses seeking a well-located and established retail space in a high-traffic area of Raleigh.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1985
    Construction CONCRETE BLOCKS
    Total area 16,650 SF
    Lot 7.64 ac (332,798 SF)
    Zoning code CX-3
    APN 0784.18-20-8493 0133620
    UPID US53-1659858
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dollar Tree Discount Store
    • Coinstar Kiosk - Bitcoin ATM Kiosk Atm
    • Western Union Bank Credit Union
    • Ria Money Transfer - Harris Teeter Bank Credit Union
    • PNC Bank ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $4.93M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.43M
    Owner & transaction history
    Srp Plaza West LLC · 7 yrs held
    Srp Plaza West LLC
    since 2018
    3 recorded transactions
    2018
    $7.9M
    2016
    1969
    Zoning & alternative use
    CX-3 · Raleigh, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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