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Property profile & analytics
OFF-MARKET Estimated value $1,510,000
Office buildings

101 Frst Dr Knightdale, NC 27545-9603

7,315 SF 1.42 ac lot Built 1981
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US53-0390975
Property summary
AI-generated overview

This exceptional 7,527 square foot office building presents a remarkable investment opportunity in the rapidly growing town of Knightdale, North Carolina. Situated on a 1.42-acre lot with prominent road frontage on a main thoroughfare, this multi-unit property offers unparalleled accessibility and visibility. The building boasts ample private parking, a mix of asphalt and gravel surfaces, catering to the needs of tenants and visitors. The interior layout is versatile, featuring individual office spaces, dedicated conference rooms, and expansive open work areas, providing flexibility for a variety of business needs. Significant improvements have been implemented over the past four years, ensuring the property is well-maintained and ready for immediate occupancy. Currently, the building houses tenants on short-term leases, presenting an ideal scenario for an investor seeking to maximize rental income or a business owner looking to establish a presence in a prime location. Its proximity to Raleigh and easy access to major highways further enhance its appeal. This turnkey investment is poised for strong returns in a thriving market. The property's size, location, and current tenant occupancy make it an attractive proposition for both investors and owner-occupiers.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction FRAME
Total area 7,315 SF
Lot 1.42 ac (61,855 SF)
Zoning code HB
APN 1754.10-46-4299 0091220
UPID US53-0390975
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Voyage Anesthesia, PC Employment Agency
  • East Wake Home Care Home Health Care Service
  • Ronica's Custom Creations (Bike/Boat/Book/etc) Store Home Decor Store
  • Work at Station Coworking & Hybrid Office
  • Winding Stream Massage And Therapeutics Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.85M
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.51M
Owner & transaction history
Voyage Capital Ventures LLC · 6 yrs held
Voyage Capital Ventures LLC
since 2019
3 recorded transactions
2022
Price N/A
2021
Price N/A
2019
$750,000
Zoning & alternative use
HB · Knightdale, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.4M +65.7%
Medical building $2.4M +61.8%
Retail stores $2.3M +57.6%
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