4002 Barrett Drive, Raleigh, NC 27609
- Added:
- May 1, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 19 at 4:06 am
Property Features for 4002 Barrett Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- Size
- 1,016 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- see tax records
- Tax Annual Amount
- 1661
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1986
- Building materials
- Brick, Vinyl Siding
- Roof type
- Shingle
Listing agent Michelle Edwards Mitchell License #121569 (919) 484-2280
Listing office Keller Williams Elite Realty 245 NC Hwy 54 E Suite 101, Durham, NC (984) 244-5830
Listing date May 1, 2026
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Excellent location near Midtown Raleigh.
- Ideal for owner‑user to build equity and stop leasing.
- Features four offices, reception area, kitchen, storage, and restroom.
- Efficient and flexible layout suitable for small firms.
- Quiet‑use environment maintained in the building.
- Extra parking available.
Overview
Located near Midtown Raleigh at 4002 Barrett Drive, the property offers extra parking for occupants and visitors. The address provides convenient access for daily business operations, and the office configuration is designed to support client-facing professionals.
For attorneys, real estate professionals, and other service-oriented businesses, the combination of multiple private offices and reception space supports both day-to-day work and client meetings. The quiet-use rules help maintain a professional atmosphere, while the condo format can fit owner-users looking to occupy a manageable office footprint rather than continue leasing. Showings are available by contacting the listing agent.
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
- -78.629658
- Latitude
- 35.829734
