Technical
Financial
Distress signals
Property profile

101 Frst Dr Knightdale, NC 27545

OFF-MARKET
Office buildings
Property ID
US53-0390975
7,315 SF 1.42 ac lot Built 1981
Entity Owned 6-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Employment Agency
  • Home Health Care Service
  • (Bike/Boat/Book/etc) Store Home Decor Store
  • Coworking & Hybrid Office
  • Alternative Medicine Practice Spa & Massage Center

Location

101 Frst Dr Knightdale, NC 27545-9603
Knightdale metro Census 54112 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2019
3 recorded transactions
2022
Price N/A
2021
Price N/A
2019
$750,000

Zoning & alternative use

HB · Knightdale, NC
Zoning description

10. Highway Business (HB) 11. Business Office (BO) 12. Manufacturing and Industrial (MI) 13. Mining and Quarrying (MQ) Click a Chapter Section to jump to that page. l 2.1. 2.2. 2.3. 2.4. 2.1. Town of Knightdale Chapter 2…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $2.4M +65.7%
Medical building $2.4M +61.8%
Retail stores $2.3M +57.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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