3720 Benson Dr Raleigh, NC 27609-7321
- Office buildings
- 1,008 SF
Current Use by Public Records
- Ameriprise Financial / Financial Planner
- Phil Nation - Financial Advisor, Ameriprise Financial Services, LLC / Financial Planner / Investment Service
- G Thomas Horner - Ameriprise Financial Services, Inc. / Financial Planner
Property Details for 3720 Benson Dr
- Year built
- 1985
- Construction
- BRICK
- Property size
- 1,008 SF
- Zone code
- OX-3
- Property type
- Office buildings
- APN
- 1715.06-38-1729 0139663
- APU
- 1715063817290139663
Description
This exceptional two-story, 4,088 square foot office condominium in Raleigh's Midtown is offered at $1,222,312 ($299/SF). The property, situated at 3720 Benson Dr, is a free-standing building with classic architecture, part of the well-maintained Williamsburg Commons development. The building's exterior dimensions measure 56' x 36.5', with approximately 2,044 square feet per floor. It's comprised of four deeded, separate condominiums, each approximately 1,008 square feet, offering flexibility for single occupancy or division among multiple tenants. Each quadrant features its own HVAC system (gas heat) and meter, a restroom, galley break counter, storage closet, and maintenance closet. Water is metered for the entire building. Interior finishes include crown molding and chair molding. Recent updates include a new roof and gutters. The property benefits from a tremendous location in a professional development and can easily function as a single building, by floor, or as four individual condominiums. This presents a unique opportunity for investors or businesses seeking a versatile and well-maintained office space in a prime Raleigh location. The building is a Class B property, constructed in 1985.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $240,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $250,000
- 6.5%
- $230,000
- 7%
- $215,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $186,000
- AI Estimate
- $201,000
Market price range: $128k - $230kMarket price range: $128k - $257k
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Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6193
- Latitude
- 35.8338
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA