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    Two-Level Office Condo with Wash Station Title is generated by Realmo AI

    800 Salem Woods, Raleigh, NC 27615

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    For Sale
    $475,000

    Buy a two-level office condo featuring an open first floor and a wash station for day-to-day operational needs.

    Type:Commercial
    Property size:
    2,000 SF
    Price / SF:
    $237/SF
    Added:
    Sep 10, 2024
    Days on Market:
    655
    Last Refresh:
    Jun 20 at 2:51 am

    Property Features for 800 Salem Woods

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1987

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    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

    • 1987‑built two‑level office condo for sale
    • Includes both upstairs and downstairs condos
    • Open floor plan on the first floor
    • Wash station on the first floor for day‑to‑day operations
    • Second floor includes kitchenette/break room
    • Second floor offers individual suites for contracted employees

    Overview

    This sale includes both the upstairs and downstairs condos, presenting a two-level office configuration. The second floor includes a kitchenette/break room and individual suites suited for contracted employees. On the first floor, the layout offers an open floor plan along with a wash station designed for in-space service needs.

    The property is located in Raleigh at a popular intersection, providing straightforward access for staff and customers. The unit mix across floors supports separate operational zones while keeping the overall premises under one ownership.

    For an owner-user or a tenant group seeking a contained, multi-suite office arrangement, the second-floor kitchenette and suite layout can support independent work areas, while the first floor’s open plan and wash station accommodate hands-on service functions. This is offered as a purchase rather than a lease, with both levels included in the sale.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    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

    Little Miss & Teen ... Charitable Organization Timber Marketing & Management ... Consultant Knourish by E Hair Salon Citrine Skin & Lash ... Spa & Massage Center Skinologie A Beauty Bar Spa & Massage Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6262721
    Latitude
    35.8898355

    FAQs

    What type of property is this?
    Office units - Buy a two-level office condo featuring an open first floor and a wash station for day-to-day operational needs.
    Where is this office units located?
    The property is located at 800 Salem Woods 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: 1987‑built two‑level office condo for sale; Includes both upstairs and downstairs condos; Open floor plan on the first floor
    More about this property
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