Brier Creek Office Condo
For Sale
Contact for pricing
7780 Brier Creek Pkwy, Raleigh, NC 27617
Desirable office condo in Brier Creek near shopping and airport.
Property Size6,465 SF
Price / SF$324
Days on Market705
Property Features for 7780 Brier Creek Pkwy
General Information
Standard status
Active
Size
6,465 SF
Class
A
Property subtype
Office
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
Borden Real Estate LLC
Listed By:
Robert Lacy · License #NC 218456
(919) 641-4647
Source:
Crexi
Added: Nov 13, 2024
Changed: Oct 13
Last Checked: Oct 19 at 3:50AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,558
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,160
$1.8M
Cap Rate 7%
$1,279,400
$1.3M
Cap Rate 9%
$995,089
$995.1K
Market Conditions
NOI Build-Up for 6,465 SF
Gross rent
$143.5K $22.20/SF
− Vacancy
−$24.1K −$3.73/SF
EGI
$119.4K $18.47/SF
− OpEx
−$29.9K −$4.62/SF
NOI
$89.6K $13.85/SF
Area
Raleigh, NC
Vacancy
16.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,160
Cap Rate 7%
$1,279,400
Cap Rate 9%
$995,089
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Explore this area
Business Placement
Demographics for 27617, NC
20,968
Population
10,522
Households
2
Avg Household Size
36
Median Age
63%
College-Educated
98%
High-School Grad
8.3 sq mi
ZIP Area
2,526
Density / Sq Mi
$109,991
Median Household Income
$69,203
Median Earnings
$1,679
Median Rent
$448,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Desirable office condo in Brier Creek near shopping and airport.
Where is this office unit 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.
