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5006 & 5008 New Bern Ave 20,130 SF 100% Leased Flex Building Raleigh, NC 27610 $3,486,073 ($173.18/SF) 6.85% Cap Rate



Investment Highlights
- Great visibility and access from New Bern Ave | 36,000 VPD
- Annual rent increases for each tenant | 2% & 3% respectively
- Attractive population density within a 5-mile radius | 187,981 residents
- Major development projects nearby | Driving significant economic growth, housing expansion, and retail demand in the surrounding corridor
- Explosive population growth within 1 mile | 30.74% from 2010-2025
- Large parcel | 1.80 acres
Executive Summary
Al Dickens and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Raymo Car Care & Raleigh Outlet in Raleigh, NC. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,486,073 | Lot Size | 1.80 AC |
| Price Per SF | $173.18 | Rentable Building Area | 20,130 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.85% | Year Built | 1967 |
| Property Type | Flex | Parking Ratio | 0.65/1,000 SF |
| Property Subtype | Showroom | Clear Ceiling Height | 14’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Zoning | Industrial - Industrial Zoning | ||
| Price | $3,486,073 |
| Price Per SF | $173.18 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 1.80 AC |
| Rentable Building Area | 20,130 SF |
| No. Stories | 1 |
| Year Built | 1967 |
| Parking Ratio | 0.65/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 2 |
| Zoning | Industrial - Industrial Zoning |
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Property Taxes
| Parcel Number | 1734.13-24-4832-000 | Improvements Assessment | $1,645,698 |
| Land Assessment | $1,176,120 | Total Assessment | $2,821,818 |
Property Taxes
Parcel Number
1734.13-24-4832-000
Land Assessment
$1,176,120
Improvements Assessment
$1,645,698
Total Assessment
$2,821,818
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5006 & 5008 New Bern Ave
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