For sale
Office Units
NC
Raleigh
27615
800 Salem Woods #103 203

Unique Office Space For Sale

800 Salem Woods #103 203, Raleigh, NC 27615

View on Map

For Sale

$475,000

Office space at a popular intersection. Purchase, don't lease!

Type:Commercial

Property size:

2,000 SF

Lot size:

0.60 Acres

Price / SF:

$237/SF

HighLights

Opportunity to own, not lease, salon/office space.
Includes both upstairs and downstairs condos.
Located at a popular intersection in Raleigh.
Individual suites on the second floor are ideal for contracted employees.
Open floor plan and wash station on the first floor.
Kitchenette/break room located on the second floor.

We can help!

Listing Contact

BILLY SPAIN

Learn more

For Sale

$475,000

Office space at a popular intersection. Purchase, don't lease!

Type:Commercial

Property size:

2,000 SF

Lot size:

0.60 Acres

Price / SF:

$237/SF

Added:: Sep 10, 2024
Days on Market:: 639
Last Refresh:: Apr 5 at 9:16 pm

Property Features for 800 Salem Woods #103 203

General Information

Standard status: Active
Size: 2,000 SF
Lot size: 0.60 Acres
Property subtype: Commercial

Building Details

Year Built: 1987

We can help!

Listing Contact

BILLY SPAIN

Listing agent BILLY SPAIN

Listing office EXP REALTY LLC

Listing date Sep 10, 2024

Source Corcoran

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 EXP REALTY LLC

HighLights

Opportunity to own, not lease, salon/office space.
Includes both upstairs and downstairs condos.
Located at a popular intersection in Raleigh.
Individual suites on the second floor are ideal for contracted employees.
Open floor plan and wash station on the first floor.
Kitchenette/break room located on the second floor.

Overview

This unique office space is located at a popular intersection in Raleigh. The sale includes both the upstairs and downstairs condos. The property features a kitchenette/break room located on the second floor. Individual suites are situated on the second floor, suitable for contracted employees. The first floor offers an open floor plan and a wash station. The property size is 2000 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$44.9k	$22.44
− Vacancy	−$9.9k	−$4.96
EGI	$35.0k	$17.48
− OpEx	−$8.7k	−$4.37
NOI	$26.2k	$13.11

2,000 SF · lease $22.44/SF/yr · vacancy 22.10% · expense 25.00%

Alternative Uses

Best Use

Office B

$374.6K

$327.8K – $437.0K (±1% cap)

NOI $26,221 @ 7.0% cap · market cap 5.52%

Second Best

—

no second resolved use

Theoretical Best

Office A

$541.0K

$473.4K – $631.1K (±1% cap)

NOI $37,868 @ 7.0% cap · market cap 7.97%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office Units

Map

City: Raleigh
County: Wake
State: North Carolina
Longitude: -78.6367
Latitude: 35.8981

Nearby Similar for Sale

$3,900,000

11,200 SF

Modern Flex Building in Raleigh

Built in 2021, suitable for industrial, office, retail.

4550 Preslyn Drive, Raleigh, NC 27616

View Details
$895,000

2,025 SF

Raleigh Commercial Building Near Downtown

2,025 SF commercial building near Downtown Raleigh for sale.

405 Morson Street, Raleigh, NC 27601

View Details
$639,000

2,727 SF

Brick 3-Unit Apartment Building

Three-unit brick apartment building on a 0.55-acre R-6 zoned lot, with one unit currently available for showings.

850 Athens Drive, Raleigh, NC 27606

View Details
$199,999

526 SF

Renovated Office Suite For Sale

Recently renovated office suite in a desirable Raleigh location.

111 Windel Drive, Raleigh, NC 27609

View Details
$665,000

3,168 SF

Residential Income Triplex

Triplex with one vacant unit available to show and long-term tenancy in place, sold as-is.

3104 Crandon Lane, Raleigh, NC 27604

View Details
$3,450,000

13,800 SF

Pre-Leased Student Housing Duplex Community

Purpose-built student housing with private bedroom bathrooms and large outdoor living areas, nearly fully pre-leased for 2026–2027.

3605 Burt Drive, Raleigh, NC 27606

View Details
$969,000

2,513 SF

Updated Duplexes Near Downtown Raleigh

Four updated units on two deeded lots near Chavis Park.

509 Cape Avenue, Raleigh, NC 27601

View Details
$825,000

1,944 SF

Duplex Income Property

Duplex on RX-3 zoned land with in-place leases extending through July 18, 2027.

2217 Garden Place, Raleigh, NC 27607

View Details
$650,000

1,890 SF

Versatile Office/Flex Condo in Raleigh

1,890 sq ft end-unit, ideal for various business uses.

148 Annaron Court, Raleigh, NC 27603

View Details
$549,000

2,344 SF

Renovated Duplex Near Downtown Raleigh

Turnkey investment opportunity with two renovated units on 0.33-acre lot.

3408 Atlantic Avenue, Raleigh, NC 27604

View Details
$370,000

1,176 SF

Furnished Office Condo in Raleigh

Move-in ready office condo in a prime North Raleigh location.

7000 Harps Mill Road, Raleigh, NC 27615

View Details
$370,000

1,182 SF

Move-in Ready Office Condo

Beautifully decorated, fully furnished office condo in prime location.

7000 Harps Mill Road, Raleigh, NC 27615

View Details

For sale
Office Units
NC
Raleigh
27615
800 Salem Woods #103 203

What type of property is this?

Office units - Office space at a popular intersection. Purchase, don't lease!

Where is this office units located?

The property is located at 800 Salem Woods #103 203 Raleigh, NC.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Opportunity to own, not lease, salon/office space.; Includes both upstairs and downstairs condos.; Located at a popular intersection in Raleigh.