One-Story Office
New
For Sale
$249,000
105-4428 Louisburg Rd, Raleigh, NC 27604
Configured with private offices, reception space, shared area, and a kitchenette.
Property Size1,050 SF
Price / SF$237.14
Days on Market6
Property Features for 105-4428 Louisburg Rd
General Information
Standard status
Active
Size
1,050 SF
Additional Details
HOA Fee
$127.40
Taxes and HOA fees
Annual Taxes
$1,063
Building Details
Stories
1
Listing Agency:
Satar Realty
Listed By:
Akbar Ostadi · License #211454
(919) 219-3558
Source:
Exprealty
Added: Sep 1
Changed: Sep 5
Last Checked: Sep 5 at 3:26PM
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 Satar Realty
Investment Insights
Based on property information with market context.
This 1,050-square-foot office unit is arranged for practical day-to-day operations, with three offices, a reception area, and a common area. The space also includes a small kitchenette with a pantry closet and one bathroom. Its single-story layout provides a straightforward configuration for an office user seeking defined work areas and supporting amenities.
The property is located at 105-4428 Louisburg Rd in Raleigh, NC, near Capital Blvd. The existing improvements offer a ready-made office arrangement with dedicated rooms, reception space, and basic break-area functionality.
The property is located at 105-4428 Louisburg Rd in Raleigh, NC, near Capital Blvd. The existing improvements offer a ready-made office arrangement with dedicated rooms, reception space, and basic break-area functionality.
Key Highlights
- 1,050 SF office unit
- Three private offices
- Reception and common areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,545
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,900
$290.9K
Cap Rate 7%
$207,786
$207.8K
Cap Rate 9%
$161,611
$161.6K
Market Conditions
NOI Build-Up for 1,050 SF
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.
Gross rent
$23.3K $22.20/SF
− Vacancy
−$3.9K −$3.73/SF
EGI
$19.4K $18.47/SF
− OpEx
−$4.8K −$4.62/SF
NOI
$14.5K $13.85/SF
Area
Raleigh, NC
Vacancy
16.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,900
Cap Rate 7%
$207,786
Cap Rate 9%
$161,611
Alternative Uses
Best Use
Office B
$207.8K
$181.8K – $242.4K
NOI $14,545 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$288.6K
$252.5K – $336.7K
NOI $20,199 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Explore this area
Business Placement
Demographics for 27604, NC
46,076
Population
20,828
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
89%
High-School Grad
19.1 sq mi
ZIP Area
2,412
Density / Sq Mi
$72,793
Median Household Income
$44,471
Median Earnings
$1,386
Median Rent
$293,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured with private offices, reception space, shared area, and a kitchenette.
Where is this office units located?
The property is located at 105-4428 Louisburg Rd Raleigh, NC.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,050 SF office unit; Three private offices; Reception and common areas
