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    Updated Office Condo For Rent Title is generated by Realmo AI

    7419 Knightdale Boulevard, Knightdale, NC 27545

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    For Lease
    $1,000/Mo $12 SF/Yr (calc)

    COMMERCIAL - Knightdale, NC

    Type:Office
    Property size:
    1,000 SF
    Added:
    Apr 16, 2026
    Days on Market:
    36
    Last Refresh:
    May 21 at 2:06 pm

    Property Features for 7419 Knightdale Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    HB
    Standard status
    Active
    APN
    175410369212014 0150017
    Size
    1,000 SF

    Taxes and HOA fees

    Tax Description
    East Park Office Condo Un14b

    Building Details

    Year built
    1986
    Floors in Building
    1

    We can help!

    Listing Contact
    Adam McKnight
    Adam McKnight

    Listing agent Adam McKnight License #285591

    Listing office HomeTowne Realty 328 E Main Street, CLAYTON, NC

    Listing date Apr 16, 2026

    MLS# 10160557

    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

    • Low monthly rent of $1000
    • Updated office condo
    • Second floor location
    • High traffic location on Knightdale Blvd/US 64 Bus
    • High visibility
    • Easy access

    Overview

    This updated second floor office condo is available for rent. Located on Knightdale Boulevard near US 64 Bus, the property benefits from traffic, visibility, and access. The property is zoned HB. The property contains 1,000 square feet and is located in Knightdale, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A Cut Above Hair ... Hair Salon Kim Proctor Hair Salon Omabu Okafor Ravita ... Counselor Renewed Strength Counseling ... Crisis Center Power Pros, Inc. Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knightdale
    County
    Wake
    State
    North Carolina
    Longitude
    -78.481067
    Latitude
    35.799211

    Nearby Similar for Lease

    • Contact for pricing

      Prime Retail Space Available

      Retail center with high visibility and diverse customer base.
      102 S First Ave, Knightdale, NC 27545
      View Details
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      Commercial Space For Lease

      Commercial property available for lease in Knightdale, North Carolina.
      2890 Smithfield Rd, Knightdale, NC 27545
      View Details
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      Versatile Space in Growing Knightdale

      Retail, office, or flex space with roll-up door.
      5007 Village Park Dr, Knightdale, NC 27545
      View Details

    FAQs

    What type of property is this?
    Office units - Updated second floor office condo available for lease.
    Where is this office units located?
    The property is located at 7419 Knightdale Boulevard Knightdale, NC.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: Low monthly rent of $1000; Updated office condo; Second floor location
    (919) 912-9521
    We can help!
    Listing Contact
    Adam McKnight
    Adam McKnight
    Real Estate License ID: 285591
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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