Industrial Property for Sale in Raleigh, NC

  • Price: $950K
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Raleigh, NC 27616
  • Size: 24,503 SF
  • Year built: 1987

Description

PRICE REDUCED! The seller of 2411 E. Millbrook Rd is motivated to sell as-is and has reduced the price to $950,000. This 4,375 SF flex condo won’t stay on the market long. Located on Millbrook Rd with 21,000+ vehicles/day and just 1 mile from US-1, this site offers unmatched visibility and access in one of Raleigh’s hottest growth zones. Featuring a 12’ drive-in door, 15’ ceilings, full HVAC, and a versatile, partially demisable layout, this space is built for office, showroom, or light industrial use. Ample parking and signage potential amplify your brand exposure. Raleigh inventory is tightening fast and high-exposure assets like this are nearly impossible to find. Move fast. Reach out now before it’s gone. Secure your foothold before your competition does. Building SF: 24503 | Land Size: 4.8 Ac | Year Built: 1987 | Listing Type: FOR SALE

Market Context

This industrial in Raleigh, NC is listed for sale at $950,000 across 24,503 SF ($39/SF). The building dates to 1987. It has been on the market for 38 days. Compare it against other industrial listings for sale in Raleigh, NC — <a href="/search/sale/industrial/north-carolina/raleigh">view the full market</a>.

As of Q1 2026, the Raleigh industrial market showed average asking rents near $10.86/SF/yr, rents up 7.5% year over year, and cap rates around 7.8%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Raleigh?
About 7.8% as of Q1 2026, per Consensus.

Unified Estimate

Very Low Confidence

$48.47/SF – $65.57/SF

Mid: $57.02/SF

Total estimate for 24,503 SF: $1,397,161

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market richmond (similarity: 100%) with 3 comparable listings.

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