Office Suite with Private
New
For Sale
$179,000
804 Salem Woods, Raleigh, NC 27615
Two windowed private rooms and a reception area support client-facing office or treatment use.
Property Size531 SF
Price / SF$337.10
Days on Market4
Property Features for 804 Salem Woods
General Information
Standard status
Active
Size
531 SF
Property subtype
Commercial
Zoning
OX-3
Additional Details
HOA Fee
$95
Taxes and HOA fees
Annual Taxes
$931
Amenities
Paved
Building Details
Year Built
1988
Listing Agency:
CENTURY 21 TRIANGLE GROUP
(919) 720-4217
Listed By:
DOLPH ENESCAR
(716) 710-2540
Source:
Corcoran
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 2:49AM
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 CENTURY 21 TRIANGLE GROUP
Investment Insights
Based on property information with market context.
This 1988 office unit at 804 Salem Woods includes a reception and waiting area with a sink and counter, plus two windowed private rooms. A private washroom is equipped with a standing shower, vanity, and commode.
The property is zoned OX-3, Office Mixed-Use, by the City of Raleigh. Permitted uses include professional offices, outpatient medical and dental services, mental health counseling, and licensed personal services such as massage therapy, acupuncture, and aesthetics.
The property is zoned OX-3, Office Mixed-Use, by the City of Raleigh. Permitted uses include professional offices, outpatient medical and dental services, mental health counseling, and licensed personal services such as massage therapy, acupuncture, and aesthetics.
Key Highlights
- Two windowed private offices or treatment rooms
- Reception and waiting area with sink and counter
- Private washroom includes a standing shower, vanity, and commode
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,962
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$139,240
$139.2K
Cap Rate 7%
$99,457
$99.5K
Cap Rate 9%
$77,356
$77.4K
Market Conditions
NOI Build-Up for 531 SF
Gross rent
$11.9K $22.44/SF
− Vacancy
−$2.6K −$4.96/SF
EGI
$9.3K $17.48/SF
− OpEx
−$2.3K −$4.37/SF
NOI
$7.0K $13.11/SF
Area
ZIP 27615
Vacancy
22.10%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$139,240
Cap Rate 7%
$99,457
Cap Rate 9%
$77,356
Alternative Uses
Best Use
Office B
$99.5K
$87.0K – $116.0K
NOI $6,962 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$143.6K
$125.7K – $167.6K
NOI $10,054 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 27615, NC
43,010
Population
20,681
Households
2.1
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
18.9 sq mi
ZIP Area
2,276
Density / Sq Mi
$107,051
Median Household Income
$60,661
Median Earnings
$1,533
Median Rent
$441,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Two windowed private rooms and a reception area support client-facing office or treatment use.
Where is this office units located?
The property is located at 804 Salem Woods Raleigh, NC.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Two windowed private offices or treatment rooms; Reception and waiting area with sink and counter; Private washroom includes a standing shower, vanity, and commode
