Three-Office Unit with
New
For Sale
$249,000
4428 Louisburg Road, Raleigh, NC 27616
One-story office unit with a kitchenette, private bathroom, and shared common area near Capital Blvd.
Property Size1,050 SF
Price / SF$237.14
Days on Market4
Property Features for 4428 Louisburg Road
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Office
Additional Details
HOA Fee
$127.40
Taxes and HOA fees
Annual Taxes
$1,064
Amenities
Electric, Evaporative, Whole House Fan
3
Lot with Trees.
Paved Driveway, Concrete Driveway.
50 X 21
Rain Gutters. In City, 4-Lane Road, Asphalt, Clear lot, Wooded.
Building Details
Year Built
1999
Stories
1
Listing Agency:
Satar Realty
Listed By:
Akbar Ostadi · License #211454
(919) 219-3558
Source:
Xome
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 2 at 2:13PM
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 Satar Realty
Investment Insights
Based on property information with market context.
This one-story office unit contains three offices arranged around a reception area and common space. The layout also includes a small kitchenette with a pantry closet and one bathroom. The 1,050-square-foot property was built in 1999 and includes electric, evaporative, and whole-house fan systems.
Located near Capital Blvd. on a four-lane road in Raleigh, the property has a paved and concrete driveway, rain gutters, and a lot that includes both clear and wooded areas. The address is 4428 Louisburg Road, Raleigh, NC 27616.
Located near Capital Blvd. on a four-lane road in Raleigh, the property has a paved and concrete driveway, rain gutters, and a lot that includes both clear and wooded areas. The address is 4428 Louisburg Road, Raleigh, NC 27616.
Key Highlights
- 1,050‑square‑foot office unit with three offices
- Reception area plus common space
- Kitchenette with pantry closet and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,118
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,360
$322.4K
Cap Rate 7%
$230,257
$230.3K
Cap Rate 9%
$179,089
$179.1K
Market Conditions
NOI Build-Up for 1,050 SF
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.
Gross rent
$25.8K $24.60/SF
− Vacancy
−$4.3K −$4.13/SF
EGI
$21.5K $20.47/SF
− OpEx
−$5.4K −$5.12/SF
NOI
$16.1K $15.35/SF
Area
ZIP 27616
Vacancy
16.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,360
Cap Rate 7%
$230,257
Cap Rate 9%
$179,089
Alternative Uses
Best Use
Office B
$230.3K
$201.5K – $268.6K
NOI $16,118 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$299.8K
$262.3K – $349.8K
NOI $20,986 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 27616, NC
56,941
Population
24,282
Households
2.3
Avg Household Size
34
Median Age
43%
College-Educated
91%
High-School Grad
22.5 sq mi
ZIP Area
2,531
Density / Sq Mi
$81,534
Median Household Income
$41,601
Median Earnings
$1,514
Median Rent
$314,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - One-story office unit with a kitchenette, private bathroom, and shared common area near Capital Blvd.
Where is this office units located?
The property is located at 4428 Louisburg Road Raleigh, NC.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,050‑square‑foot office unit with three offices; Reception area plus common space; Kitchenette with pantry closet and one bathroom
