Creative Office and Retail
324 Dupont Circle Raleigh, NC 27603
324 Dupont Circle, Raleigh, NC, 27603
$2,550,000
For Sale
$2,550,000
8,500 SF building with a barrel vault, high ceilings, and three roll-up doors suited for creative office, retail, or F&B.
Property Size8,500 SF
Price / SF$300
Days on Market28
Property Features for 324 Dupont Circle
General Information
- Standard status
- Active
- Size
- 8,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1945
Listing agency
(919) 672-0479
Listed by
Daniel Robinson
Source
Maverickpartners
Added: Jun 24 Updated: Jul 21 at 4:31AM Checked: Jul 21 at 4:31AM
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 Daniel Robinson
Investment Insights
Based on property information with market context.
324 DuPont is an 8,500-square-foot building offering a flexible setup for creative office, retail, or F&B use. The space is defined by a unique barrel vault and high ceilings, with three roll-up doors that can be modified to bring in additional natural light.
The property is described as bridging Raleigh’s downtown warehouse district and historic Boylan Heights, and it is located adjacent to the new Platform development and Boulted Bread, with steps to Downtown Raleigh’s amenities.
As presented, the building includes quintessential exposed barrel truss roof features and provides an opportunity to program outdoor amenity space, giving an owner-occupant or investor a foundation for customized build-out.
The property is described as bridging Raleigh’s downtown warehouse district and historic Boylan Heights, and it is located adjacent to the new Platform development and Boulted Bread, with steps to Downtown Raleigh’s amenities.
As presented, the building includes quintessential exposed barrel truss roof features and provides an opportunity to program outdoor amenity space, giving an owner-occupant or investor a foundation for customized build-out.
Key Highlights
- 8,500 SF building built in 1945, suited for creative office, retail, or F&B use
- Unique barrel vault with high ceilings
- Three roll‑up doors that can be modified to add natural light
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 | $221.3k | $26.04 |
| − Vacancy | −$50.2k | −$5.91 |
| EGI | $171.1k | $20.13 |
| − OpEx | −$42.8k | −$5.03 |
| NOI | $128.3k | $15.10 |
8,500 SF · lease $26.04/SF/yr · vacancy 22.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
NOI $128,322 @ 7.0% cap · market cap 5.03%
Second Best
Retail
$1.49M
$1.30M – $1.74M
NOI $104,351 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,206 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mark Plaga
Photography Service
Plaga Design Studios
Marketing & Advertising
Similar For Sale Nearby
Similar Off Market Nearby
- Jolly’s Catering and Events — Raleigh, NC 27601
- North Carolina BBQ & Catering Company — 555 fayetteville st, raleigh, nc 27601
- Thompson Hospitality — 118 E South St, Raleigh, NC 27601
- Tipsy Gypsy Events and Mobile Bar — Apex, Raleigh, NC 27052
- Mint Bar & Co. — 310 S Harrington St, Raleigh, NC 27603
FAQs
What type of property is this?
Flex space - 8,500 SF building with a barrel vault, high ceilings, and three roll-up doors suited for creative office, retail, or F&B.
Where is this flex space located?
The property is located at 324 Dupont Circle Raleigh, NC.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 8,500 SF building built in 1945, suited for creative office, retail, or F&B use; Unique barrel vault with high ceilings; Three roll‑up doors that can be modified to add natural light
