3803 Computer Dr Raleigh, NC 27609
- Office buildings
- 28,372 SF
- 1.97 lot acres
Current Use by Public Records
- Priest Craven & Associates / Land Surveyor / Engineer
- Diva's Hair Care / Hair Salon / Beauty Salon
- James Jiwen Chun / Dentist
- Amanda L. Nehilla, OT / Occupational Therapist / Physical Therapist
- Kaitlyn Mortimer / Speech Pathologist / Practitioner Service Location
Property Details for 3803 Computer Dr
- Year built
- 1969
- Construction
- BRICK
- Lot size
- 1.97 lot acres
- Property size
- 28,372 SF
- Zone code
- OX-3
- Property type
- Office buildings
- APN
- 1705.08-88-7383 0051370
- APU
- 1705088873830051370
Description
This exceptional two-story retail property, located at 3803 Computer Drive in Raleigh, North Carolina, presents a compelling investment opportunity. The 10,780 square foot building sits on a 0.95-acre lot and boasts a strong tenant roster including Renaissance Dental Center, Wells Orthodontics, and North Hills Dentistry, all operating under a triple-net (NNN) lease structure. Built in 1985 and extensively renovated in 2016, the property is well-maintained and offers ample parking with a ratio of 3.75 spaces per 1,000 square feet. The building's prime location in Wake County, zip code 27609, ensures high visibility and accessibility for tenants and customers. The property's current Net Operating Income (NOI) stands at $377,300, demonstrating its strong financial performance and potential for future growth. This is an excellent opportunity to acquire a stable, high-performing retail investment in a thriving North Carolina market. The property's size, tenant mix, and location make it an attractive asset for discerning investors seeking a reliable income stream and significant return on investment. The property is offered for sale and presents a rare chance to acquire a well-established retail center in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,765,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,680,000
- 6.5%
- $4,675,000
- 7%
- $5,380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,840,000
- Geo Method
- $4,450,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,290,000
- Retail
- $4,650,000
- Mixed-Use
- $5,030,000
- Hospitality
- $5,570,000
- Educational
- $5,510,000
- Residential Income
- $5,240,000
- Energy
- $5,390,000
- Income-Based Land
- $6,090,000
- Food Service
- $5,820,000
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.633
- Latitude
- 35.8331
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
