Three-Office Unit with
For Sale
$249,000
4428 Louisburg Road # 105, Raleigh, NC 27616
One-story office unit with a kitchenette, private bathroom, and shared common area near Capital Blvd.
Property Size1,050 SF
Days on Market49
Property Features for 4428 Louisburg Road # 105
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Office
Additional Details
HOA Fee
$127.40
Taxes and HOA fees
Annual Taxes
$1,063
Building Details
Building Size
1,050 SF
Year Built
1999
Stories
1
Listing Agency:
Satar Realty
Listed By:
Akbar Ostadi · License #211454
(919) 219-3558
Source:
Sherihagerty
Added: Sep 1
Changed: Oct 17
Last Checked: Oct 19 at 1:21PM
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
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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 / Yr
$16,118
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - One-story office unit with a kitchenette, private bathroom, and shared common area near Capital Blvd.
Where is this office unit located?
The property is located at 4428 Louisburg Road # 105 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
