1201 Plainview Dr

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1201 Plainview Dr

Raleigh, NC 27610
Asking Price
$295K
Asset Type
Land
Class
Class B

What's Special

1201 Plainview Drive is located in the east Raleigh industrial corridor, positioned immediately south of New Bern Avenue. The neighborhood is characterized by a mix of light industrial facilities, construction services, and distribution centers. The property offers logistical advantages due to its proximity to I-440 and U.S. Route 64, providing efficient connectivity to the broader Research Triangle region. Local amenities include various quick-service restaurants and retail centers along the nearby business corridors. The site is suited for industrial and commercial development, aligning with the surrounding land use patterns. Ideal use cases include equipment storage, vehicle fleet parking, or the construction of a small-scale warehouse facility. Typical tenants for this location include local contractors, logistics providers, and specialty trade companies requiring outdoor storage or proximity to Raleigh’s urban core and major transit arteries.

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NOI
$80,000
Cap Rate
27.12%
DSCR
4.57
Strong
Cash-on-Cash
70.61%
Monthly Payment
$1,459.499
Annual Cash Flow
$62,486.011

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