2805 Spring Forest Rd, Raleigh, NC 27616
2,986 SF office condo, ideal for owner occupant.
- Added:
- May 14, 2024
- Days on Market:
- 763
- Last Refresh:
- May 12 at 9:21 pm
Property Features for 2805 Spring Forest Rd
General Information
- Standard status
- Active
- Size
- 2,986 SF
- Property subtype
- Office
Listing agent Michael Waldrop License #NC 158376
Listing office Waldrop Properties Llc
Listing date May 14, 2024
Source Crexi
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 Waldrop Properties Llc
HighLights
- Approximately 2,986 square foot office condominium.
- First‑floor location.
- Good glass line.
- Suitable for owner/occupant.
- Located at 2805 Spring Forest Road in Raleigh.
- Property will be vacated upon closing.
Overview
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 | $73.5k | $24.60 |
| − Vacancy | −$12.3k | −$4.13 |
| EGI | $61.1k | $20.47 |
| − OpEx | −$15.3k | −$5.12 |
| NOI | $45.8k | $15.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.5931664
- Latitude
- 35.8572114
