First-Floor Office
For Sale
$785,000
2435 Lynn Rd Ste 106, Raleigh, NC 27612
Includes private offices, a conference room, reception area, kitchen, and storage.
Property Size2,500 SF
Days on Market57
Property Features for 2435 Lynn Rd Ste 106
General Information
Standard status
Active
Size
2,500 SF
Class
B
Property subtype
Office
Site & Location
Neighborhood
Pines of Brookhaven
Additional Details
Floor
First Floor
Amenities
8 private offices
dedicated conference room
spacious reception area
kitchen
storage
Building Details
Building Size
2,500 SF
Year Built
2006
Listed By:
Esther Austin
(919) 618-5484
Source:
Trinity-partners
Added: Sep 4
Changed: Oct 28
Last Checked: Oct 30 at 11:50AM
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 Esther Austin
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Investment Insights
Based on property information with market context.
This office unit is located on the first floor and was built in 2006. The layout includes 8 private offices, a dedicated conference room, a reception area, kitchen space, and storage.
The property is identified as 2435 Lynn Rd Ste 106, Raleigh, NC 27612, providing a defined office configuration for professional use.
The property is identified as 2435 Lynn Rd Ste 106, Raleigh, NC 27612, providing a defined office configuration for professional use.
Key Highlights
- 8 private offices
- First‑floor office unit
- Dedicated conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,632
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,640
$692.6K
Cap Rate 7%
$494,743
$494.7K
Cap Rate 9%
$384,800
$384.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$55.5K $22.20/SF
− Vacancy
−$9.3K −$3.73/SF
EGI
$46.2K $18.47/SF
− OpEx
−$11.5K −$4.62/SF
NOI
$34.6K $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 Rate 5%
$692,640
Cap Rate 7%
$494,743
Cap Rate 9%
$384,800
Alternative Uses
Best Use
Office B
$494.7K
$432.9K – $577.2K
NOI $34,632 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$687.1K
$601.2K – $801.6K
NOI $48,094 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
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Business Placement
Demographics for 27612, NC
39,576
Population
21,582
Households
1.8
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
16.6 sq mi
ZIP Area
2,384
Density / Sq Mi
$95,565
Median Household Income
$57,216
Median Earnings
$1,544
Median Rent
$481,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Includes private offices, a conference room, reception area, kitchen, and storage.
Where is this office unit located?
The property is located at 2435 Lynn Rd Ste 106 Raleigh, NC.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 8 private offices; First‑floor office unit; Dedicated conference room
