Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    982 Trinity Rd Raleigh, NC 27607-4940

    • Office buildings
    • 2,580 SF
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2006755
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Stanek Lemon Crouse + Meeks / Law Firm / Intellectual Property Registry

    Property Details for 982 Trinity Rd

    Year built
    1999
    Construction
    CONCRETE BLOCKS
    Property size
    2,580 SF
    Zone code
    I
    Property type
    Office buildings
    APN
    0774.14-32-8927 0253106
    APU
    774143289270253106

    Description

    This exceptional 2,580-square-foot executive office suite is available for lease at 982 Trinity Rd, Raleigh, NC, in Wake County (zip code 27607). The property is zoned I and features a single-tenant occupancy. The space boasts a desirable corner location within the Trinity Office Center, offering excellent visibility and accessibility. The interior layout includes a well-appointed reception area, ideal for welcoming clients and guests. Multiple private offices provide individual workspaces for enhanced productivity and privacy. An open workspace area allows for collaborative teamwork and flexible configurations. A convenient kitchen is included, adding to the functionality and comfort of the suite. Large windows throughout the space provide ample natural light, creating a bright and inviting atmosphere. The building's modern finishes contribute to a professional and sophisticated environment. This location offers a strategic advantage, situated between Raleigh and Cary, with easy access to Interstate 40, ensuring convenient commutes for employees and clients alike. This property presents a unique opportunity for businesses seeking a high-quality, well-located office space in the thriving Triangle region of North Carolina. The entire 2,580 square feet is currently vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $208,000
      Market price range: $45.3k - $446k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7515
    Latitude
    35.7912
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,829
    $0.00
    $382,127
    $382,127
    -
    $0.00
    $382,127
    $382,127

    Comparable in this City

    • Value Estimation
      $65,000
      17,388 SF

      3709 Hillsborough St

      OFFICE BUILDING • 17,388 SF
      3709 Hillsborough St, Raleigh, NC 27607-5410
      View Details
    • Value Estimation
      $135,000
      5,248 SF

      1300 Blue Rdg Rd

      OFFICE BUILDING • 5,248 SF
      1300 Blue Rdg Rd, Raleigh, NC 27607-3903
      View Details
    • Value Estimation
      $1,600,000
      157,759 SF

      2501 Blue Rdg Rd

      OFFICE BUILDING (MULTI-STORY) • 157,759 SF
      2501 Blue Rdg Rd, Raleigh, NC 27607-0159
      View Details
    • Value Estimation
      $1,230,000
      459,060 SF

      2230 Bandmate Way

      OFFICE BUILDING (MULTI-STORY) • 459,060 SF
      2230 Bandmate Way, Raleigh, NC 27607-6383
      View Details
    • Value Estimation
      $400,000
      19,876 SF

      1401 Sunday Dr

      OFFICE BUILDING • 19,876 SF
      1401 Sunday Dr, Raleigh, NC 27607-0181
      View Details
    • Value Estimation
      $420,000
      37,636 SF

      2620 Hillsborough St

      OFFICE BUILDING • 37,636 SF
      2620 Hillsborough St, Raleigh, NC 27607-7250
      View Details

    Similar Nearby for Sale

    • $7,250,000
      30,613 SF

      Leased Office Building Investment Opportunity

      97% leased office building with long-term tenants and stable income.
      6300-6310 Chapel Hill Rd, Raleigh, NC 27607
      View Details
    • Contact for pricing

      Raleigh Office Space For Sale

      Office space for sale in Raleigh's Tanager Center.
      6003 Chapel Hill Rd, Raleigh, NC 27607
      View Details
    • Contact for pricing
      3,398 SF

      Historic Multifamily Building in Raleigh

      Four-unit multifamily property near NC State and Downtown Raleigh.
      300 Horne St, Raleigh, NC 27607
      View Details
    • $1,020,000
      1,660 SF

      Modern Condo with Rooftop Terrace

      Newly completed 3-bedroom penthouse with high-end finishes and rooftop terrace.
      29 Enterprise St, Raleigh, NC 27607
      View Details
    • $1,250,000
      0.28 Acres

      Raleigh Redevelopment Opportunity

      Prime downtown location near Village District with income potential.
      400 Chamberlain St, Raleigh, NC 27607
      View Details
    • $925,000

      Land Opportunity with Custom Build

      Land available for custom pre-sale in Raleigh, North Carolina.
      2112 Saint James Rd, Raleigh, NC 27607
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      42,489 SF

      Rexwoods III Medical Office Space

      West Raleigh medical office suites available.
      2301 Rexwoods Dr, Raleigh, NC 27607
      View Details
    • $27 SF/Yr
      35,876 SF

      Raleigh Medical Office Space for Lease

      Class A medical office suites in prime Raleigh location.
      2417 Atrium Dr, Raleigh, NC 27607
      View Details
    • $35 SF/Yr
      61,060 SF

      Rexwoods V Medical Office Space

      Raleigh, NC medical office building with 15,870 SF available.
      2300 Rexwoods Dr, Raleigh, NC 27607
      View Details
    • $29 SF/Yr
      113,630 SF

      Trinity Place Executive Suites

      Premium Raleigh Office Space Available
      1201 Edwards Mill Rd, Raleigh, NC 27607
      View Details
    • $34 SF/Yr
      41,838 SF

      Rexwoods I Medical Office Space

      Prime West Raleigh medical office suites available.
      4301 Lake Boone Trl, Raleigh, NC 27607
      View Details
    • $37 SF/Yr
      103,500 SF

      Medical Office Space, Raleigh, NC

      Class A Office Suites Available in Prime Location
      4414 Lake Boone Trl, Raleigh, NC 27607
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    982 Trinity Rd
    Raleigh, NC 27607-4940
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.