4002 Barrett, Raleigh, NC 27609
Flexible second-floor suite with four offices, reception, kitchen, restroom, and storage in a quiet-use building.
- 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
Listing agent MICHELLE EDWARDS MITCHELL
Listing office KELLER WILLIAMS ELITE REALTY (984) 244-5830
Listing date May 1, 2026
Source Corcoran
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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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6296542
- Latitude
- 35.8297465