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1201 Kent Rd 4,071 SF Retail Building Raleigh, NC 27606 $1,721,882 ($422.96/SF) 7.40% Cap Rate
Investment Highlights
- Lease expiration 03/31/2031
- Prime location—0.3 miles from I-440 and 1.0 mile from NC State Campus
- Perfect for an owner-user or investment
- 26 parking spaces
Executive Summary
Located in the sought-after Raleigh area and zoned R-10, this property presents a versatile space for educational, institutional, or specialty use. The property is ideal to be reused as another daycare facility for owner/operator, or can be redeveloped into residential uses permitted under R-10 zoning.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Day Care Center
Building Size
4,071 SF
Building Class
C
Year Built
1942
Price
$1,721,882
Price Per SF
$422.96
Cap Rate
7.40%
NOI
$127,419
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.22 AC
Zoning
R-10 - Residential
Parking
26 Spaces (6.39 Spaces per 1,000 SF Leased)
Frontage
150’ on Kent Rd
Amenities
- Bus Line
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,207,556 | |
| Land Assessment | $432,000 | Total Assessment | $1,639,556 |
Property Taxes
Parcel Numbers
Land Assessment
$432,000
Improvements Assessment
$1,207,556
Total Assessment
$1,639,556
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1201 Kent Rd
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