First-Floor Office Condo
101-4004 Barrett Dr Raleigh, NC 27609
101-4004 Barrett Dr, Raleigh, NC, 27609
$290,000
Pending
For Sale
$290,000
Pending
First-floor office condo for sale, offered as a package with unit 102.
Property Size1,008 SF
Days on Market469
Property Features for 101-4004 Barrett Dr
General Information
- Standard status
- Pending
- Size
- 1,008 SF
Listing agency
Long & Foster Real Estate INC/Raleigh
(919) 740-3267
Listed by
Mark Connor
(919) 740-3267
Source
Exprealty
Added: Apr 10, 2025 Updated: Jul 21 at 9:20PM Checked: Jul 22 at 9:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate INC/Raleigh
Investment Insights
Based on property information with market context.
This 1st-floor office condo suite is available for sale and includes interior office buildout as part of the condo configuration. The unit is being marketed as part of a bundled offering.
The property is located at 101-4004 Barrett Dr in Raleigh, NC, and the remarks indicate it is in the Midtown area and minutes from North Hills.
As stated in the listing, the condo “must be sold with unit 102” (MLS 10088166), meaning buyers should plan for the combined purchase rather than a single-unit acquisition.
The property is located at 101-4004 Barrett Dr in Raleigh, NC, and the remarks indicate it is in the Midtown area and minutes from North Hills.
As stated in the listing, the condo “must be sold with unit 102” (MLS 10088166), meaning buyers should plan for the combined purchase rather than a single-unit acquisition.
Key Highlights
- First‑floor office condo for sale
- Offered as a package deal with unit 102
- Must be sold together with unit 102 (MLS 10088166)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.4k | $22.20 |
| − Vacancy | −$3.8k | −$3.73 |
| EGI | $18.6k | $18.47 |
| − OpEx | −$4.7k | −$4.62 |
| NOI | $14.0k | $13.85 |
1,008 SF · lease $22.20/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$199.5K
$174.6K – $232.7K
NOI $13,964 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$277.0K
$242.4K – $323.2K
NOI $19,391 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - First-floor office condo for sale, offered as a package with unit 102.
Where is this office units located?
The property is located at 101-4004 Barrett Dr Raleigh, NC.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: First‑floor office condo for sale; Offered as a package deal with unit 102; Must be sold together with unit 102 (MLS 10088166)
