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    FOR LEASE
    Retail properties & Spaces

    7330 Old Wake Forest Rd, Raleigh, NC 27616

    143,824 SF 12.3 ac lot Built 2001
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US53-0685622
    Property summary
    AI-generated overview

    This exceptional single-tenant retail property, located at 7330 Old Wake Forest Rd in Raleigh, NC (zip code 27616), presents a significant opportunity for a discerning business. The property boasts a substantial 154,004 square feet of vacant space, ready for immediate occupancy. Situated on a generous 12.3-acre lot in Wake County, this location offers unparalleled visibility and accessibility. The building's expansive footprint provides ample room for a wide range of retail operations, allowing for creative design and efficient layout. The property's single-tenant configuration offers streamlined management and control, eliminating the complexities of multi-tenant operations. Its prime location in Raleigh, North Carolina, ensures high traffic volume and exposure to a large consumer base. This is an ideal opportunity for a business seeking a large, high-profile space to establish or expand its operations. The property is currently available for lease and offers a blank canvas for a business to create a truly impactful retail presence. The property's size and location make it a rare find in the competitive Raleigh market. Serious inquiries are encouraged to explore this exceptional retail opportunity. The property is classified as commercial retail and is ready for immediate development. This is a single-tenant property, offering a unique opportunity for a business to establish a significant presence in the Raleigh area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group DEPARTMENT STORE
    Year built 2001
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 143,824 SF
    Lot 12.3 ac (535,788 SF)
    Zoning code CX-3
    APN 1727.19-51-0036 0280478
    UPID US53-0685622
    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
    • Sears Appliance Repair Home Appliance Store
    • Walsh Eileen M OD Physician
    • Kassan Naheed OD Physician
    • More For Less Restaurant Equipment Outlet Big Box & Wholesale Store
    • Melissa McBrien, O.D. Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $7.58M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $9.04M
    Blend (final) Blend
    $7.11M
    Owner & transaction history
    Lt Raleigh Nc LLC · 4 yrs held
    Lt Raleigh Nc LLC
    since 2021
    Last sale
    $5.9M
    7 recorded transactions
    2021
    2019
    2019
    2018
    2018
    2004
    1969
    Zoning & alternative use
    CX-3 · Raleigh, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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