Mixed-Use Office and Flex
For Sale
Contact for pricing
3809 Junction Boulevard, Raleigh, NC 27603
Heated interiors combine front office space, a rear flex area, and a basement with loading access.
Property Size640 SF
Price / SF$2.27
Days on Market91
Property Features for 3809 Junction Boulevard
General Information
Standard status
Active
Size
640 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
Bannister
Highway Access
Yes
Additional Details
Gross Income
$20,971
Office Units
1
Tenant in Place
Yes
Property Use
Office/Flex/Warehouse
Amenities
basement
driveway
loading doors
spacious closet
heated
Building Details
Year Built
1999
Construction
Brick
Listing Agency:
REFOLIO Properties Inc.
Listed By:
Leo Chan · License #243486
(919) 415-1589
Source:
Thorperealtyco
Added: Aug 4
Changed: Nov 2
Last Checked: Nov 2 at 2:44AM
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 REFOLIO Properties Inc.
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Investment Insights
Based on property information with market context.
This brick mixed-use commercial property has a street-level office at the front and flex space toward the rear. The heated interior also includes a basement, an individual office room, a restroom, and a spacious closet. A rear driveway reaches basement-level double doors for loading and unloading.
The property is in Raleigh, minutes from Downtown Raleigh, I-40, Hwy 70, and Hwy 401. Built in 1999, it combines office and flex areas with basement access in one property.
The property is in Raleigh, minutes from Downtown Raleigh, I-40, Hwy 70, and Hwy 401. Built in 1999, it combines office and flex areas with basement access in one property.
Key Highlights
- Brick construction with heated office, flex, and basement areas
- Basement‑level double doors connect to a rear driveway for loading and unloading
- Includes an individual office room, restroom, and spacious closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,026
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,520
$120.5K
Cap Rate 7%
$86,086
$86.1K
Cap Rate 9%
$66,956
$67.0K
Market Conditions
NOI Build-Up for 640 SF
Gross rent
$9.0K $14.04/SF
− Vacancy
−$377 −$0.59/SF
EGI
$8.6K $13.45/SF
− OpEx
−$2.6K −$4.04/SF
NOI
$6.0K $9.42/SF
Area
ZIP 27603
Vacancy
4.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,520
Cap Rate 7%
$86,086
Cap Rate 9%
$66,956
Alternative Uses
Best Use
Mixed Use
$120.7K
$105.6K – $140.8K
NOI $8,448 @ 7.0% cap · market cap 582.62%
Second Best
Warehouse
$101.4K
$88.7K – $118.3K
NOI $7,096 @ 7.0% cap · market cap 489.38%
Theoretical Best
Office A
$202.4K
$177.1K – $236.2K
NOI $14,171 @ 7.0% cap · market cap 977.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Explore this area
Business Placement
Demographics for 27603, NC
54,616
Population
24,030
Households
2.3
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
51.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$87,939
Median Household Income
$51,856
Median Earnings
$1,496
Median Rent
$347,000
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Heated interiors combine front office space, a rear flex area, and a basement with loading access.
Where is this mixed-use property located?
The property is located at 3809 Junction Boulevard Raleigh, NC.
What are key features of this property?
This property features: Brick construction with heated office, flex, and basement areas; Basement‑level double doors connect to a rear driveway for loading and unloading; Includes an individual office room, restroom, and spacious closet
