Log In/Sign Up
Your email has been sent.
2173 Will Suitt Rd 16,920 SF 100% Leased Flex Building Creedmoor, NC 27522 $2,602,449 CAD ($153.81 CAD/SF) 6.28% Cap Rate
Investment Highlights
- 16,920 SF multi-tenant flex/retail on 4.18 acres
- CBD zoning with access to US-15 & I-85, minutes to Durham & Raleigh
- 78% occupied with value-add lease-up potential
Executive Summary
Excellent opportunity to acquire a 16,920 SF multi-tenant flex/retail building situated on 4.18 acres in the rapidly expanding Creedmoor market.
The property is generating $12,892/month in rental income with a 6.3% cap rate at the asking price of $1.9M. Tenants include a diverse mix of towing/transport, HVAC, supply distribution, pet services, and retail, demonstrating the building’s adaptability for a wide range of uses. Vacant suites provide strong value-add upside through lease-up.
Property features include 12’ x 14’ roll-up doors, front parking, and truck access, making it well-suited for retail, service-based, and light industrial users. Zoned for flexible commercial use, the building combines storefront visibility and warehouse functionality to attract a variety of tenants.
Strategically located with direct access to US-15 and I-85, the property connects seamlessly to Durham, Raleigh, and the broader Triangle region, ensuring excellent accessibility for both tenants and customers
The property is generating $12,892/month in rental income with a 6.3% cap rate at the asking price of $1.9M. Tenants include a diverse mix of towing/transport, HVAC, supply distribution, pet services, and retail, demonstrating the building’s adaptability for a wide range of uses. Vacant suites provide strong value-add upside through lease-up.
Property features include 12’ x 14’ roll-up doors, front parking, and truck access, making it well-suited for retail, service-based, and light industrial users. Zoned for flexible commercial use, the building combines storefront visibility and warehouse functionality to attract a variety of tenants.
Strategically located with direct access to US-15 and I-85, the property connects seamlessly to Durham, Raleigh, and the broader Triangle region, ensuring excellent accessibility for both tenants and customers
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$211,906
|
$12.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$211,906
|
$12.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$28,383
|
$1.69
|
| Net Operating Income |
$183,523
|
$10.92
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $211,906 |
| Annual Per SF | $12.61 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $211,906 |
| Annual Per SF | $12.61 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,383 |
| Annual Per SF | $1.69 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $183,523 |
| Annual Per SF | $10.92 |
Property Facts
| Price | $2,602,449 CAD | Lot Size | 4.28 AC |
| Price Per SF | $153.81 CAD | Rentable Building Area | 16,920 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 6.28% | Year Built | 2005 |
| Property Type | Flex | Parking Ratio | 0.47/1,000 SF |
| Property Subtype | Light Distribution | Clear Ceiling Height | 14’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Zoning | Highway Business - Zoned CBD (Central Business District), allowing flexible commercial, retail, office, service, and light industrial uses. | ||
| Price | $2,602,449 CAD |
| Price Per SF | $153.81 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.28% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 4.28 AC |
| Rentable Building Area | 16,920 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Parking Ratio | 0.47/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Highway Business - Zoned CBD (Central Business District), allowing flexible commercial, retail, office, service, and light industrial uses. |
Utilities
- Gas - Propane
- Water - County
- Sewer - County
- Heating - Electric
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Fastenal
- -
- -
- -
- Dec 2027
- Mahmood Auto
- -
- -
- -
- Sep 2027
- Oodles Of Poodles
- Services
- -
- -
- Apr 2028
- S & S Towing
- Transportation and Warehousing
- -
- -
- Sep 2030
- Southern Rock
- -
- -
- -
- Aug 2026
- White Glove
- -
- -
- -
- Dec 2028
- Williams Heating
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Fastenal | - | - | - | Dec 2027 | ||
| Mahmood Auto | - | - | - | Sep 2027 | ||
| Oodles Of Poodles | Services | - | - | Apr 2028 | ||
| S & S Towing | Transportation and Warehousing | - | - | Sep 2030 | ||
| Southern Rock | - | - | - | Aug 2026 | ||
| White Glove | - | - | - | Dec 2028 | ||
| Williams Heating | - | - | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 087602976414 | Improvements Assessment | $1,188,529 CAD (2025) |
| Land Assessment | $577,341 CAD (2025) | Total Assessment | $1,765,870 CAD (2025) |
Property Taxes
Parcel Number
087602976414
Land Assessment
$577,341 CAD (2025)
Improvements Assessment
$1,188,529 CAD (2025)
Total Assessment
$1,765,870 CAD (2025)
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2173 Will Suitt Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.