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For sale
Office Units
NC
Raleigh
27615
800 Salem Woods #103 203

Unique Office Space For Sale

800 Salem Woods #103 203, Raleigh, NC 27615

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For Sale

$475,000

Office space at a popular intersection. Purchase, don't lease!

Type:Commercial

Property size:

2,000 SF

Lot size:

0.60 Acres

Price / SF:

$237/SF

HighLights

Opportunity to own, not lease, salon/office space.
Includes both upstairs and downstairs condos.
Located at a popular intersection in Raleigh.
Individual suites on the second floor are ideal for contracted employees.
Open floor plan and wash station on the first floor.
Kitchenette/break room located on the second floor.

We can help!

Listing Contact

BILLY SPAIN

Learn more

For Sale

$475,000

Office space at a popular intersection. Purchase, don't lease!

Type:Commercial

Property size:

2,000 SF

Lot size:

0.60 Acres

Price / SF:

$237/SF

Added:: Sep 10, 2024
Days on Market:: 639
Last Refresh:: Apr 5 at 9:16 pm

Property Features for 800 Salem Woods #103 203

General Information

Standard status: Active
Size: 2,000 SF
Lot size: 0.60 Acres
Property subtype: Commercial

Building Details

Year Built: 1987

We can help!

Listing Contact

BILLY SPAIN

Listing agent BILLY SPAIN

Listing office EXP REALTY LLC

Listing date Sep 10, 2024

Source Corcoran

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 EXP REALTY LLC

HighLights

Opportunity to own, not lease, salon/office space.
Includes both upstairs and downstairs condos.
Located at a popular intersection in Raleigh.
Individual suites on the second floor are ideal for contracted employees.
Open floor plan and wash station on the first floor.
Kitchenette/break room located on the second floor.

Overview

This unique office space is located at a popular intersection in Raleigh. The sale includes both the upstairs and downstairs condos. The property features a kitchenette/break room located on the second floor. Individual suites are situated on the second floor, suitable for contracted employees. The first floor offers an open floor plan and a wash station. The property size is 2000 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$44.9k	$22.44
− Vacancy	−$9.9k	−$4.96
EGI	$35.0k	$17.48
− OpEx	−$8.7k	−$4.37
NOI	$26.2k	$13.11

2,000 SF · lease $22.44/SF/yr · vacancy 22.10% · expense 25.00%

Alternative Uses

Best Use

Office B

$374.6K

$327.8K – $437.0K (±1% cap)

NOI $26,221 @ 7.0% cap · market cap 5.52%

Second Best

—

no second resolved use

Theoretical Best

Office A

$541.0K

$473.4K – $631.1K (±1% cap)

NOI $37,868 @ 7.0% cap · market cap 7.97%

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

Location Intelligence

Current Use by Public Records

Office Units

Map

City: Raleigh
County: Wake
State: North Carolina
Longitude: -78.6367
Latitude: 35.8981

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For sale
Office Units
NC
Raleigh
27615
800 Salem Woods #103 203

What type of property is this?

Office units - Office space at a popular intersection. Purchase, don't lease!

Where is this office units located?

The property is located at 800 Salem Woods #103 203 Raleigh, NC.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Opportunity to own, not lease, salon/office space.; Includes both upstairs and downstairs condos.; Located at a popular intersection in Raleigh.