815 New Bern Ave Raleigh, NC 27601-1601
- Office buildings
- 3,988 SF
- 0.14 lot acres
Jun 03, 2022
Current Use by Public Records
- Page Law, P.A. / Personal Injury Attorney
- Dream Clean of NC Cleaning Service / House Cleaning Service / Commercial Cleaning Service
- Dorrestein Ronald / Lawyer
Property Details for 815 New Bern Ave
- Year built
- 1951
- Construction
- BRICK
- Lot size
- 0.14 lot acres
- Property size
- 3,988 SF
- Zone code
- OX-3
- Property type
- Office buildings
- APN
- 1713.05-09-8171 0044517
- APU
- 1713050981710044517
Description
This exceptional 1,527 square foot executive office suite is ideally located in downtown Raleigh, Wake County. The space is currently vacant and available for lease as a single-tenant occupancy. Recently renovated, the suite boasts modern finishes that beautifully complement the building's original character. A key feature is the convenient separate entrance to the second-floor space, offering privacy and accessibility. The asking rate is $22 per square foot, NNN. Ample parking is available for tenants and their guests, a significant advantage in a bustling urban setting. The property is classified as an office building, specifically an executive office suite, making it perfect for businesses seeking a prestigious and functional workspace. The building's size is precisely 1,527 square feet, providing a comfortable and efficient layout for a variety of professional uses. The entire space is available, presenting a unique opportunity for a business to establish a strong presence in a vibrant and desirable location. The modern renovations ensure a contemporary and appealing work environment, while the building's inherent character adds a touch of sophistication. This combination of modern amenities and classic charm makes this property a truly exceptional opportunity. The ample parking further enhances the convenience and appeal of this outstanding executive office suite.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $880,000
- ML approach
- $955,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $980,000
- 6.5%
- $905,000
- 7%
- $840,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $564,000
Market price range: $565k - $1.03M
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Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6262
- Latitude
- 35.7802
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA