$850,000
●
Property -
Off Market
2 Dixie Trail
Raleigh, NC 27607
Studio
0 Bath
1,961 Ft²
$4,787
Est. Monthly
About This Property
Exceptional Commercial Property at 2 Dixie Trail, Raleigh, NC
Seize this incredible opportunity to own a prime commercial property in the heart of Raleigh. Situated at the busy intersection of Hillsborough Street and Dixie Trail, this over 1,900-square-foot building offers unmatched visibility and accessibility in one of the city's most vibrant areas. With ample on-site parking and close proximity to NC State University, this property is perfectly positioned for a variety of uses, whether retail, office, or mixed-use. The location benefits from a steady flow of both pedestrian and vehicular traffic, surrounded by popular dining spots, shops, and other thriving businesses.
This property's size, layout, and prime location provide an excellent foundation for any business looking to establish or expand in a high-demand area. Don't miss your chance to invest in a space that combines convenience, charm, and exceptional potential. Contact us today to learn more!
Seize this incredible opportunity to own a prime commercial property in the heart of Raleigh. Situated at the busy intersection of Hillsborough Street and Dixie Trail, this over 1,900-square-foot building offers unmatched visibility and accessibility in one of the city's most vibrant areas. With ample on-site parking and close proximity to NC State University, this property is perfectly positioned for a variety of uses, whether retail, office, or mixed-use. The location benefits from a steady flow of both pedestrian and vehicular traffic, surrounded by popular dining spots, shops, and other thriving businesses.
This property's size, layout, and prime location provide an excellent foundation for any business looking to establish or expand in a high-demand area. Don't miss your chance to invest in a space that combines convenience, charm, and exceptional potential. Contact us today to learn more!
Unit Size
1,961 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$433
Property Type
Property
Property Taxes
$612
HOA Dues
-
Year Built
1960
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (TMLS #10071612)
Price History
Property Highlights
Exterior Details
Square Footage: 1961
Year Built: 1960
Building Area Total: 1961
Building Area Units: Square Feet
Lot Size Area: 4356
Lot Size Units: Square Feet
Lot Size Acres: 0.1
Lot Size Square Feet: 4356
Lot Size Dimensions: 42.47 x 255.62 x 119.15 x 177.61
Financial Details
Tax Annual Amount: $7,350
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/17/2025
| |
Loft
|
-
|
1961 ft²
|
$850,000
Loft
-
1961 ft²
|
$850,000
04/09/2025
|
Annette Holt
Keller Williams Legacy
|
Building Info
About University
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Listed by: Annette Holt, Compass -- Cary
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10071612
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10071612
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