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951 Wendell Blvd 106,000 SF Industrial Building Wendell, NC 27591 $15,000,000 ($141.51/SF)
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Dynamic 106,000-SF industrial facility with ±32,000 SF in auxiliary buildings on 48 acres in the Raleigh MSA.
- Tilt-up concrete redevelopment potential with 24'–30’ ceilings on a flat site if the current structure is not suitable.
- Easy access to I-87, I-540, and Raleigh-Durham International Airport supports logistics and workforce reach.
- Rare heavy industrial zoning is ideal for developers seeking scarce entitlement and redevelopment opportunities.
- Varying ceiling heights from 12'–15’ (up to 17’ if drop ceiling is removed), functional shared amenities throughout.
- Owner-occupied 35,000 SF with a 3-year lease post-sale, plus rental income from a 12,784-SF tenant.
EXECUTIVE SUMMARY
Located at 951 Wendell Boulevard, this 48-acre industrial site presents a rare opportunity for investors and developers in the high-demand Raleigh MSA. The property features a 106,000-square-foot primary facility along with ±32,000 square feet of auxiliary structures not included in the primary square footage. Zoned for heavy industrial use—a rare and valuable entitlement—this site is ideal for users or developers seeking space for conditioned manufacturing, R&D, or high-bay distribution.
Currently improved with a flexible industrial layout, the building offers two dock-high doors, 12 to 15-foot ceiling heights (with areas up to 17 feet if drop-down ceilings are removed), and well-maintained shared common areas, including outdoor gathering and break spaces. For those considering new construction, the expansive lot size and topography allow for potential tilt-up concrete redevelopment with 24- to 30-foot clear heights, providing modern functionality while maximizing site utility.
Strategically located near Interstate 87, with proximity to Interstate 540 and Raleigh-Durham International Airport, the property is positioned for smooth logistics, workforce accessibility, and regional reach.
The current owner occupies 35,000 square feet and will sign a 3-year lease upon sale, offering immediate income and operational continuity. An additional 12,784 square feet is leased, delivering cash flow from day one. Investors will appreciate the site's versatility, redevelopment upside, and long-term strategic value in a market with limited heavy industrial availability.
Currently improved with a flexible industrial layout, the building offers two dock-high doors, 12 to 15-foot ceiling heights (with areas up to 17 feet if drop-down ceilings are removed), and well-maintained shared common areas, including outdoor gathering and break spaces. For those considering new construction, the expansive lot size and topography allow for potential tilt-up concrete redevelopment with 24- to 30-foot clear heights, providing modern functionality while maximizing site utility.
Strategically located near Interstate 87, with proximity to Interstate 540 and Raleigh-Durham International Airport, the property is positioned for smooth logistics, workforce accessibility, and regional reach.
The current owner occupies 35,000 square feet and will sign a 3-year lease upon sale, offering immediate income and operational continuity. An additional 12,784 square feet is leased, delivering cash flow from day one. Investors will appreciate the site's versatility, redevelopment upside, and long-term strategic value in a market with limited heavy industrial availability.
MATTERPORT 3D TOUR
951 Wendell Blvd
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $15,000,000 | Rentable Building Area | 106,000 SF |
| Price Per SF | $141.51 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1978 |
| Property Type | Industrial | Parking Ratio | 4.36/1,000 SF |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 3 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 48.44 AC | ||
| Zoning | MI - Industrial - Office, light industrial, light manufacturing, R&D, training center, call center, data center use, etc. | ||
| Price | $15,000,000 |
| Price Per SF | $141.51 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 48.44 AC |
| Rentable Building Area | 106,000 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Parking Ratio | 4.36/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | MI - Industrial - Office, light industrial, light manufacturing, R&D, training center, call center, data center use, etc. |
AMENITIES
- Conferencing Facility
- Security System
- Signage
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Manufacturing
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Micro-Measurements, founded in 1962, develops and manufactures sensors and instrumentation for high-precision strain and stress measurement. The company offers strain gages, PhotoStress equipment, coatings, and data acquisition systems used in structural testing, OEM transducer manufacturing, and experimental stress analysis. Its products serve industries such as aerospace, automotive, civil engineering, and robotics. Micro-Measurements operates as a brand under Vishay Precision Group (VPG) and maintains its headquarters in Wendell, North Carolina, with additional offices in Europe and Asia.
- Regional Waterproofing and Crawlspace
- Professional, Scientific, and Technical Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Manufacturing | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Regional Waterproofing and Crawlspace | Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Up to 66,000 square feet of conditioned manufacturing or R&D space is available. The landlord will add drive-ins, dock doors, a bathroom, and a separate entrance. The space can be divided into smaller sections. 5-7 acres are also available for land lease at $2,500/month/acre. The landlord is willing to section off the parking lot and land for laydown yard use; the tenant will pay for their own fencing. This is an affordable office space solution with plenty of parking, security, a common area, a dining area, outdoor common break areas, etc. The landlord will remain in 35,000 square feet of the building.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 20,000-58,216 SF | Industrial | Full Build-Out | 60 Days |
1st Floor
| Size |
| 20,000-58,216 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 20,000-58,216 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | 60 Days |
Up to 66,000 square feet of conditioned manufacturing or R&D space is available. The landlord will add drive-ins, dock doors, a bathroom, and a separate entrance. The space can be divided into smaller sections. 5-7 acres are also available for land lease at $2,500/month/acre. The landlord is willing to section off the parking lot and land for laydown yard use; the tenant will pay for their own fencing. This is an affordable office space solution with plenty of parking, security, a common area, a dining area, outdoor common break areas, etc. The landlord will remain in 35,000 square feet of the building.
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Charlotte
872,498
177
3 h 31 m
Washington
702,455
267
5 h 3 m
Philadelphia
1,584,138
405
7 h 60 m
Jacksonville
903,889
459
8 h 25 m
Columbus
892,533
488
9 h 39 m
New York
8,398,748
493
9 h 43 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
232,414
Total Labor Force
142,242
Unemployment Rate
3.55%
Median Household Income
$76,295
Warehouse Employees
19,372
High School Education Or Higher
90.60%
PROPERTY TAXES
| Parcel Number | 1774.01-38-9363-000 | Total Assessment | $11,425,733 (2025) |
| Land Assessment | $1,283,517 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $10,142,216 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
1774.01-38-9363-000
Land Assessment
$1,283,517 (2025)
Improvements Assessment
$10,142,216 (2025)
Total Assessment
$11,425,733 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
SALE ADVISOR
SALE ADVISOR
Paulina Bohorquez, Managing Partner, BIC
With more than 20 years' experience as a North Carolina licensed real estate broker, broker-in-charge and real estate professional, Paulina, leads a growing team of real estate agents across the Triangle. As North Carolina's market continues to experience rapid growth, Paulina has seized the opportunity to combine her real estate know-how with her business acumen. Paulina earned a Bachelor of Science in Business Administration from Meredith College and a Master's in Real Estate with a concentration in Commercial Real Estate Investment and Analysis from Columbia College/Realtor U.
Leveraging her market expertise and business skills, Paulina is uniquely positioned to build a team of talented and driven real estate professionals, which benefits key markets across North Carolina. Paulina is honored by the trust her clients and the brokers in her charge place in her and knows this trust has driven her high production rates and her growth in this space. Paulina and her team have won production and service awards and recognitions year over year. Paulina has had the privilege to serve on Keller Williams’s Agent Leadership Council four times, and she is proud to be regarded as a mega-agent in the Triangle area by her peers. Most recently Paulina served as the Broker in Charge and Commercial Director at the Keller Williams United Chapel Hill office.
Paulina currently leads The Residential Advantage and Elite Commercial Group under Keller Williams Raleigh and KW Commercial and is actively adding high-performing agents who desire the opportunity to positively and responsibly impact the Triangle’s future through real estate. Paulina believes that anyone can build generational wealth through real estate and that this opportunity is not reserved for the select few.
Paulina lives in Raleigh with her husband and two children. She loves to spend time with family and friends, traveling and is very excited about what the future holds for our state.
Leveraging her market expertise and business skills, Paulina is uniquely positioned to build a team of talented and driven real estate professionals, which benefits key markets across North Carolina. Paulina is honored by the trust her clients and the brokers in her charge place in her and knows this trust has driven her high production rates and her growth in this space. Paulina and her team have won production and service awards and recognitions year over year. Paulina has had the privilege to serve on Keller Williams’s Agent Leadership Council four times, and she is proud to be regarded as a mega-agent in the Triangle area by her peers. Most recently Paulina served as the Broker in Charge and Commercial Director at the Keller Williams United Chapel Hill office.
Paulina currently leads The Residential Advantage and Elite Commercial Group under Keller Williams Raleigh and KW Commercial and is actively adding high-performing agents who desire the opportunity to positively and responsibly impact the Triangle’s future through real estate. Paulina believes that anyone can build generational wealth through real estate and that this opportunity is not reserved for the select few.
Paulina lives in Raleigh with her husband and two children. She loves to spend time with family and friends, traveling and is very excited about what the future holds for our state.
1 of 31
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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951 Wendell Blvd
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