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Property profile & analytics

8024 Glenwood Ave Raleigh, NC 27612-1912

  • Office buildings
  • 11,565 SF
  • 2.20 lot acres
OFF-MARKET
Last Sale
Dec 29, 2021
$6,177,600
Value Estimations
$5,805,000
Show details
Cap Rate Potential
2.9%
Office buildings
Location Intelligence
Property ID
US53-1818015
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.

Current Use by Public Records

  • Security & Life Integrations / Fire Alarm Supplier / Fire Protection System Supplier
  • Diebold Inc / Security Guard Service / Atm
  • Regency Office Products / Office Supply Store / Office Services
  • Regency Print Solutions / Print Shop
  • THEHAUSS / Interior Designer

Property Details for 8024 Glenwood Ave

Year built
1975
Construction
BRICK
Lot size
2.20 lot acres
Property size
11,565 SF
Zone code
NX-3
Property type
Office buildings
APN
0787.13-03-9224 0087602
APU
787130392240087602

Description

This exceptional retail opportunity presents 16,998 square feet of vacant space in a shopping center located at 8024 Glenwood Avenue, Raleigh, North Carolina, 27612. The property is situated in Wake County and offers multiple units for lease, ranging from a minimum of 582 square feet to a maximum contiguous space of 10,200 square feet. This allows for flexibility to accommodate a variety of retail businesses, from smaller boutiques to larger operations. The entire 16,998 square feet is currently available for lease. The property boasts ample parking, with a ratio of 4 spaces per 1000 square feet. This prime location on Glenwood Avenue offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong sales. The property is classified as a shopping center and presents a unique chance to establish or expand a retail presence in a thriving Raleigh neighborhood. The address is easily accessible and benefits from strong local demographics. This is an ideal opportunity for businesses seeking a well-located, versatile retail space in a high-traffic area. Interested parties should inquire promptly to secure this exceptional retail offering.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $5,805,000
    ML approach
    $5,840,000
  • Alternative Use

    Use
    Estimation
    NEIGHBORHOOD: SHOPPING CENTER
    $6,370,000
    RESTAURANT
    $6,290,000
    RETAIL STORES
    $4,545,000
    COMMERCIAL (GENERAL)
    $3,750,000
    MEDICAL BUILDING
    $3,645,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Raleigh
County
Wake
State
North Carolina
Longitude
-78.7269
Latitude
35.8743
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$57,300
$1,402,980
$5,194,644
$6,597,624
-
$1,402,980
$5,194,644
$6,597,624
More about this property
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