Office Suite with Private
For Sale
$179,000
804 Salem Woods Dr Unit 204a, Raleigh, NC 27615
OX-3 zoning accommodates professional, outpatient medical, counseling, and licensed personal-service uses.
Property Size531 SF
Price / SF$337.10
Days on Market11
Property Features for 804 Salem Woods Dr Unit 204a
General Information
Standard status
Active
Size
531 SF
Property subtype
Commercial
Zoning
OX-3
Additional Details
HOA Fee
$95
Building Details
Year Built
1988
Listing Agency:
Century 21 Triangle Group
Listed By:
Dolph Enescar
(716) 710-2540
Source:
Findnorthcarolinaproperties
Added: Oct 4
Changed: Oct 11
Last Checked: Oct 12 at 8:42PM
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 office unit at 804 Salem Woods Dr Unit 204a includes a reception area with a sink and counter, two windowed offices or treatment rooms, and a private bathroom with a shower, vanity, and toilet. The building dates to 1988.
Located in Salem Woods Office Park in Raleigh, the unit is zoned OX-3 (Office Mixed-Use). Identified use categories include professional offices, outpatient medical and dental services, mental health counseling, and licensed personal services such as massage therapy, acupuncture, and aesthetics.
Located in Salem Woods Office Park in Raleigh, the unit is zoned OX-3 (Office Mixed-Use). Identified use categories include professional offices, outpatient medical and dental services, mental health counseling, and licensed personal services such as massage therapy, acupuncture, and aesthetics.
Key Highlights
- OX‑3 (Office Mixed‑Use) zoning
- Two windowed offices or treatment rooms
- Reception area with sink and counter
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - OX-3 zoning accommodates professional, outpatient medical, counseling, and licensed personal-service uses.
Where is this office units located?
The property is located at 804 Salem Woods Dr Unit 204a 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: OX‑3 (Office Mixed‑Use) zoning; Two windowed offices or treatment rooms; Reception area with sink and counter
