Office Suite for
1025 Bullard Ct Raleigh, NC 27615
1025 Bullard Ct, Raleigh, NC, 27615
Contact for pricing
For Sale
Contact for pricing
Office suite offered for sale with 1,008 square feet of commercial space.
Property Size1,008 SF
Price / SF$292.66
Days on Market127
Property Features for 1025 Bullard Ct
General Information
- Standard status
- Active
- Size
- 1,008 SF
- Property subtype
- Office
Listing agency
Dillon Commercial Real Estate Services
Listed by
Rhody Dillon · License #NC 31497
Source
Crexi
Added: Mar 18 Updated: Jul 21 at 2:03PM Checked: Jul 21 at 2:03PM
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
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
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 | $22.6k | $22.44 |
| − Vacancy | −$5.0k | −$4.96 |
| EGI | $17.6k | $17.48 |
| − OpEx | −$4.4k | −$4.37 |
| NOI | $13.2k | $13.11 |
1,008 SF · lease $22.44/SF/yr · vacancy 22.10% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kristi Krcal
Physician
Gingham House
Florist
Justin Wilhelm
Physician
G. Suggs Insurance ...
Insurance Agency
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FAQs
What type of property is this?
Office units - Office suite offered for sale with 1,008 square feet of commercial space.
Where is this office units 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
