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    Second-Floor Office Condo Title is generated by Realmo AI

    4002 Barrett, Raleigh, NC 27609

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    For Sale
    $274,900

    Flexible second-floor suite with four offices, reception, kitchen, restroom, and storage in a quiet-use building.

    Type:Commercial
    Property size:
    1,016 SF
    Price / SF:
    $270/SF
    Added:
    May 1, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 20 at 9:54 am

    Property Features for 4002 Barrett

    General Information

    Standard status
    Active
    Size
    1,016 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1986

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    Listing Contact
    MICHELLE EDWARDS MITCHELL

    Listing agent MICHELLE EDWARDS MITCHELL

    Listing office KELLER WILLIAMS ELITE REALTY

    Listing date May 1, 2026

    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 KELLER WILLIAMS ELITE REALTY

    HighLights

    • Second‑floor office condo available at 4002 Barrett Drive, Unit 202, near Midtown Raleigh
    • Includes four offices plus a reception area for client‑facing workflow
    • Kitchen area, storage room, and restroom included within the suite
    • Quiet‑use building with restrictions on odor- or noise‑producing businesses
    • Extra parking is available for the unit

    Overview

    Unit 202 is a professional second-floor office condo configured for day-to-day operations of a small firm. The space includes four separate offices, a reception area, a kitchen area, a storage room, and a restroom, providing a practical mix of client-facing and workroom space. The building is maintained as a quiet-use environment.

    The property is located near Midtown Raleigh at 4002 Barrett Drive. Extra parking is available for the convenience of clients and staff. The building also restricts odor- or noise-producing businesses, supporting a more professional office setting.

    This condo is well suited for owner-users such as attorneys, real estate professionals, and other professional service businesses looking to stop leasing. With an efficient layout that supports both reception and multiple private offices, it can accommodate a small team and offers room to organize work and client interactions. Contact Bryson Mitchell for showings.

    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 $22.6k $22.20
    − Vacancy −$3.8k −$3.73
    EGI $18.8k $18.47
    − OpEx −$4.7k −$4.62
    NOI $14.1k $13.85
    1,016 SF · lease $22.20/SF/yr · vacancy 16.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $201.1K
    $175.9K – $234.6K (±1% cap)
    NOI $14,074 @ 7.0% cap · market cap 5.12%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $279.2K
    $244.3K – $325.8K (±1% cap)
    NOI $19,545 @ 7.0% cap · market cap 7.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Load Runners Trucking ... Freight Service Shantris Phillips, Realtor ... Real Estate Agency Carolina Accounting & Tax ... Tax Preparation Iris S McKoy, ... Real Estate Agency American Hearing Loop Hearing Aid Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6296542
    Latitude
    35.8297465

    FAQs

    What type of property is this?
    Office units - Flexible second-floor suite with four offices, reception, kitchen, restroom, and storage in a quiet-use building.
    Where is this office units located?
    The property is located at 4002 Barrett Raleigh, NC.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: Second‑floor office condo available at 4002 Barrett Drive, Unit 202, near Midtown Raleigh; Includes four offices plus a reception area for client‑facing workflow; Kitchen area, storage room, and restroom included within the suite
    More about this property
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