Office Suite for
For Sale
Contact for pricing
1025 Bullard Ct, Raleigh, NC 27615
Office suite offered for sale with 1,008 square feet of commercial space.
Property Size1,008 SF
Price / SF$292.66
Days on Market227
Property Features for 1025 Bullard Ct
General Information
Standard status
Active
Size
1,008 SF
Property subtype
Office
Site & Location
Neighborhood
088eaf96-0b61-40c2-86d3-Cb5f4ddaf4e5
Listing Agency:
Dillon Commercial Real Estate Services
Listed By:
Rhody Dillon · License #NC 31497
(919) 782-1921
Source:
Crexi
Added: Mar 18
Changed: Oct 25
Last Checked: Oct 28 at 7:19AM
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 Dillon Commercial Real Estate Services
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Investment Insights
Based on property information with market context.
This office suite is offered for sale and totals 1,008 square feet of commercial space. The property is listed as office units/office spaces, providing a dedicated configuration suitable for office use.
The listing information is provided for 1025 Bullard Ct in Raleigh, NC. No additional details on interior layout, finishes, or building amenities were included in the available information.
At 1,008 square feet, the suite is sized for a range of office needs depending on tenant requirements.
The listing information is provided for 1025 Bullard Ct in Raleigh, NC. No additional details on interior layout, finishes, or building amenities were included in the available information.
At 1,008 square feet, the suite is sized for a range of office needs depending on tenant requirements.
Key Highlights
- Office suite for sale with 1,008 sq ft of commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,215
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,300
$264.3K
Cap Rate 7%
$188,786
$188.8K
Cap Rate 9%
$146,833
$146.8K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$22.6K $22.44/SF
− Vacancy
−$5.0K −$4.96/SF
EGI
$17.6K $17.48/SF
− OpEx
−$4.4K −$4.37/SF
NOI
$13.2K $13.11/SF
Area
ZIP 27615
Vacancy
22.10%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,300
Cap Rate 7%
$188,786
Cap Rate 9%
$146,833
Alternative Uses
Best Use
Office B
$188.8K
$165.2K – $220.3K
NOI $13,215 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.7K
$238.6K – $318.1K
NOI $19,086 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
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Business Placement
Demographics for 27615, NC
43,010
Population
20,681
Households
2.1
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
18.9 sq mi
ZIP Area
2,276
Density / Sq Mi
$107,051
Median Household Income
$60,661
Median Earnings
$1,533
Median Rent
$441,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite offered for sale with 1,008 square feet of commercial space.
Where is this office unit located?
The property is located at 1025 Bullard Ct Raleigh, NC.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Office suite for sale with 1,008 sq ft of commercial space
