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    4928 Linksland Dr Holly Springs, NC 27540

    Sponsored
    For Lease
    $26 SF/Yr

    Class A Office Suites, 834-1741 sq ft

    Lot size:
    41,567 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional Class A office building, located at 4928 Linksland Drive in Holly Springs, NC, offers multiple tenancy options within a 41,567 square foot building. Built in 1998, this three-story structure boasts 84 parking spaces and convenient elevator access. The property is zoned for Planned Unit Development, providing flexibility for various business needs. Currently, there are 3,083 square feet of vacant space available, divisible into units ranging from a minimum of 834 square feet to a maximum contiguous space of 1,741 square feet. The building's prime location in Wake County offers easy access to key amenities. It's situated less than three miles from NC Highway 55, the new Rex Holly Springs Hospital, and the heart of Holly Springs, ensuring high visibility and convenient commuting for employees and clients. This property presents a unique opportunity for businesses seeking modern, efficient, and well-located office space in a thriving community. The building features a traditional office layout, ideal for a variety of professional uses. With its ample parking, convenient location, and flexible space options, this property is an excellent choice for businesses of all sizes. The zip code is 27540.

    Property Features for 4928 Linksland Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,567 SF
    Class
    A
    Total Rate
    90061.83

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 340
    Size
    1,342 SF
    Rate per SF
    $26
    Space
    Suite 330
    Size
    1,741 SF
    Rate per SF
    $26

    HighLights

    • High‑visibility corner lot at a signalized intersection.
    • Excellent walkable neighborhood location.
    • Strong growth market with over 3,000 homes approved or under construction.
    • Ample surface parking with 84 spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stark Development Company General Contractor HCI Employment Agency SYNERGY HomeCare Home Health Care Service Integrity Counseling & Wellness, ... Mental Health Service Southern Belle Realty ... Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holly Springs
    County
    Wake
    State
    North Carolina
    Longitude
    -78.81009331
    Latitude
    35.65797748

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Suites, 834-1741 sq ft
    Where is this office property / space located?
    The property is located at 4928 Linksland Dr Holly Springs, NC.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: High-visibility corner lot at a signalized intersection.; Excellent walkable neighborhood location.; Strong growth market with over 3,000 homes approved or under construction.
    Request Owner's contact information
    4928 Linksland Dr Holly Springs, NC 27540
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4928 Linksland Dr Holly Springs, NC 27540
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