Second-Floor Office
4002 Barrett Drive Raleigh, NC 27609
4002 Barrett Drive, Raleigh, NC, 27609
$274,900
Pending
For Sale
$274,900
Pending
COMMERCIAL - Raleigh, NC
Property Size1,016 SF
Days on Market77
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 Agency
Keller Williams Elite Realty
(984) 244-5830
245 NC Hwy 54 E Suite 101, Durham, NC
Listed by
Michelle Edwards Mitchell · License #121569
(919) 484-2280
Added: May 1 Checked: Jul 16 at 5:06 pm
MLS# 10164321
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.
Investment Insights
Based on property information with market context.
This professional second-floor office condo provides a focused layout for a small team. The suite includes four offices, a reception area, a kitchen area, a storage room, and a restroom, creating separate workspaces alongside a dedicated front-facing entry. The building is operated as a quiet-use environment, with restrictions in place against odor- or noise-producing businesses, supporting an office-appropriate setting.
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.
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.
Key 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.
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
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
NOI $19,545 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
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FAQs
What type of property is this?
Office units - Second-floor condo with four offices and reception area, suited for professional service firms in a quiet-use building.
Where is this office units located?
The property is located at 4002 Barrett Drive 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: Excellent location near Midtown Raleigh.; Ideal for owner‑user to build equity and stop leasing.; Features **four offices, reception area, kitchen, storage, and restroom.**
