Brier Creek Office Condo
7780 Brier Creek Pkwy Raleigh, NC 27617
7780 Brier Creek Pkwy, Raleigh, NC, 27617
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For Sale
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Desirable office condo in Brier Creek near shopping and airport.
Property Size6,465 SF
Price / SF$324
Days on Market615
Property Features for 7780 Brier Creek Pkwy
General Information
- Standard status
- Active
- Size
- 6,465 SF
- Property subtype
- Office
Listing agency
Borden Real Estate LLC
(919) 641-4647
Listed by
Robert Lacy · License #NC 218456
Source
Crexi
Added: Nov 13, 2024 Updated: Jul 6 at 7:50AM Checked: Jul 20 at 2:56AM
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 Borden Real Estate LLC
Investment Insights
Based on property information with market context.
This property offers the opportunity to lease or purchase an office condo located in Alexander Office Park in Brier Creek, situated off Hwy. 70 and I-540. The location is adjacent to the Brier Creek Shopping Center, which provides access to numerous restaurants, eateries, and shops. The property is also located minutes from RDU Airport and RTP. The property size is 6465 square feet.
Key Highlights
- Excellent location in Brier Creek near Hwy. 70 and I‑540.
- Adjacent to Brier Creek Shopping Center with numerous restaurants and shops.
- Opportunity to lease or purchase.
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 | $143.5k | $22.20 |
| − Vacancy | −$24.1k | −$3.73 |
| EGI | $119.4k | $18.47 |
| − OpEx | −$29.9k | −$4.62 |
| NOI | $89.6k | $13.85 |
6,465 SF · lease $22.20/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,558 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.78M
$1.55M – $2.07M
NOI $124,370 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Colleen M. Sullivan, ...
Physician
Brier Creek Medical ...
Medical Clinic
Josh Porter - Angel ...
Loan Service
MedPsych Integrated
Medical Clinic
Nadia Meyer
Physician
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FAQs
What type of property is this?
Office units - Desirable office condo in Brier Creek near shopping and airport.
Where is this office units located?
The property is located at 7780 Brier Creek Pkwy Raleigh, NC.
What is the asking price?
The asking price for this property is $2,094,660.
What are key features of this property?
This property features: Excellent location in Brier Creek near Hwy. 70 and I‑540.; Adjacent to **Brier Creek Shopping Center** with numerous restaurants and shops.; Opportunity to lease or purchase.
