800 Salem Woods, Raleigh, NC 27615
Buy a two-level office condo featuring an open first floor and a wash station for day-to-day operational needs.
- Added:
- Sep 10, 2024
- Days on Market:
- 655
- Last Refresh:
- Jun 20 at 2:51 am
Property Features for 800 Salem Woods
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1987
Listing office EXP REALTY LLC (888) 584-9431
Listing date Sep 10, 2024
Source Corcoran
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HighLights
- 1987‑built two‑level office condo for sale
- Includes both upstairs and downstairs condos
- Open floor plan on the first floor
- Wash station on the first floor for day‑to‑day operations
- Second floor includes kitchenette/break room
- Second floor offers individual suites for contracted employees
Overview
The property is located in Raleigh at a popular intersection, providing straightforward access for staff and customers. The unit mix across floors supports separate operational zones while keeping the overall premises under one ownership.
For an owner-user or a tenant group seeking a contained, multi-suite office arrangement, the second-floor kitchenette and suite layout can support independent work areas, while the first floor’s open plan and wash station accommodate hands-on service functions. This is offered as a purchase rather than a lease, with both levels included in the sale.
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 | $44.9k | $22.44 |
| − Vacancy | −$9.9k | −$4.96 |
| EGI | $35.0k | $17.48 |
| − OpEx | −$8.7k | −$4.37 |
| NOI | $26.2k | $13.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6262721
- Latitude
- 35.8898355