Log In/Sign Up
Your email has been sent.
Raymo Care Care & Raleigh Outlet 5006 & 5008 New Bern Ave 20,130 SF 100% Leased Flex Building Raleigh, NC 27610 $3,211,000 ($159.51/SF) 7.65% 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
- Strong industrial presence nearby | 4.8M SF of space within a 2-mile radius
Executive Summary
Al Dickens and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Raymo Care 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 | $3,211,000 | Lot Size | 1.80 AC |
| Price Per SF | $159.51 | Rentable Building Area | 20,130 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.65% | Year Built/Renovated | 1967/2022 |
| 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 | Commercial | ||
| Price | $3,211,000 |
| Price Per SF | $159.51 |
| Sale Type | Investment |
| Cap Rate | 7.65% |
| 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/Renovated | 1967/2022 |
| Parking Ratio | 0.65/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 2 |
| Zoning | Commercial |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
