Office Unit with Private Treatment
New
For Sale
$179,000
804 Salem Woods Drive, Raleigh, NC 27615
Commercial Sale, Raleigh, NC
Property Size531 SF
Price / SF$337.10
Days on Market1
Property Features for 804 Salem Woods Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OX-3
Lot features
Paved
Standard status
Active
APN
171705087909038 0193069
Size
531 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
Salem Woods Offic Pk Bldb Un804-204A
Tax Annual Amount
931
Legal Description
Salem Woods Offic Pk Bldb Un804-204A
Building Details
Year built
1988
Floors in Building
1
Building materials
Brick
Listing Agency:
Century 21 Triangle Group · Century 21 Real Estate
(919) 720-4217
Listed By:
Dolph Enescar
(716) 710-2540
Added: Oct 7
Last Checked: Oct 7 at 8:06PM
MLS# 10197141
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.
Investment Insights
Based on property information with market context.
This 531-square-foot office unit in Raleigh has a reception area with a sink and counter, two windowed private rooms, and a private bathroom with a standing shower. Brick construction and a 1988 year built complete the physical profile.
Zoned OX-3, the property supports professional office, outpatient medical and dental, mental health counseling, and licensed personal service uses. The unit is located at 804 Salem Woods Drive in Raleigh, North Carolina.
Zoned OX-3, the property supports professional office, outpatient medical and dental, mental health counseling, and licensed personal service uses. The unit is located at 804 Salem Woods Drive in Raleigh, North Carolina.
Key Highlights
- 531‑square‑foot office unit with reception area, integrated sink, and counter
- Two windowed private offices or treatment rooms
- Private bathroom includes a standing shower, vanity, and commode
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,332
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,640
$146.6K
Cap Rate 7%
$104,743
$104.7K
Cap Rate 9%
$81,467
$81.5K
Market Conditions
NOI Build-Up for 531 SF
Gross rent
$13.7K $25.80/SF
− Vacancy
−$1.5K −$2.79/SF
EGI
$12.2K $23.01/SF
− OpEx
−$4.9K −$9.21/SF
NOI
$7.3K $13.81/SF
Area
ZIP 27615
Vacancy
10.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,640
Cap Rate 7%
$104,743
Cap Rate 9%
$81,467
Alternative Uses
Best Use
Healthcare Medical
$104.7K
$91.7K – $122.2K
NOI $7,332 @ 7.0% cap · market cap 4.10%
Second Best
Office B
$99.5K
$87.0K – $116.0K
NOI $6,962 @ 7.0% cap · market cap 3.89%
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
Check the figures for this property
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 - OX-3 zoning supports office and outpatient medical uses, among other listed categories.
Where is this office units located?
The property is located at 804 Salem Woods Drive 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: 531‑square‑foot office unit with reception area, integrated sink, and counter; Two windowed private offices or treatment rooms; Private bathroom includes a standing shower, vanity, and commode
