Five-Office Suite with Break
For Sale
Contact for pricing
4024 Barrett Drive #202, Raleigh, NC 27609
An upper-floor office suite includes private workrooms, a shared break area, and an in-suite restroom.
Property Size2,000 SF
Price / SF$0.70
Days on Market70
Property Features for 4024 Barrett Drive #202
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office
Additional Details
Floor
2
Office Units
1
Property Use
Office
Building Details
Year Built
1984
Tenancy
Single
Listing Agency:
Century 21 Triangle Group
(919) 552-4517
Listed By:
Marguerite Greene · License #283390
(919) 219-9312
Source:
Martihampton
Added: Aug 22
Changed: Oct 30
Last Checked: Oct 30 at 2:21AM
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 Century 21 Triangle Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The second-floor office suite at 4024 Barrett Drive, Suite 202, provides 1,000 square feet arranged as five individual offices, a shared break area, and a restroom. The end-unit layout is identified as Suite 200 in the property details. The building was constructed in 1984.
The space is offered under a NNN lease, with occupancy scheduled for August 1, 2026, and tours available beginning September 1.
The space is offered under a NNN lease, with occupancy scheduled for August 1, 2026, and tours available beginning September 1.
Key Highlights
- 1,000 SF second‑floor end unit
- Five individual offices, shared break area, and restroom
- NNN lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,706
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,120
$554.1K
Cap Rate 7%
$395,800
$395.8K
Cap Rate 9%
$307,844
$307.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$44.4K $22.20/SF
− Vacancy
−$7.5K −$3.73/SF
EGI
$36.9K $18.47/SF
− OpEx
−$9.2K −$4.62/SF
NOI
$27.7K $13.85/SF
Area
Raleigh, NC
Vacancy
16.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,120
Cap Rate 7%
$395,800
Cap Rate 9%
$307,844
Alternative Uses
Best Use
Office B
$395.8K
$346.3K – $461.8K
NOI $27,706 @ 7.0% cap · market cap 1,979.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$549.6K
$480.9K – $641.3K
NOI $38,475 @ 7.0% cap · market cap 2,748.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 27609, NC
36,218
Population
19,740
Households
1.8
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
3,323
Density / Sq Mi
$81,538
Median Household Income
$53,670
Median Earnings
$1,393
Median Rent
$441,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - An upper-floor office suite includes private workrooms, a shared break area, and an in-suite restroom.
Where is this office unit located?
The property is located at 4024 Barrett Drive #202 Raleigh, NC.
What are key features of this property?
This property features: 1,000 SF second‑floor end unit; Five individual offices, shared break area, and restroom; NNN lease structure
