101 Forest Dr, Knightdale, NC 27545
- Office buildings
- 7,315 SF
- 1.42 lot acres
Current Use by Public Records
- Voyage Anesthesia, PC / Employment Agency
- East Wake Home Care / Home Health Care Service
- Ronica's Custom Creations / (Bike/Boat/Book/etc) Store / Home Decor Store
- Work at Station / Coworking & Hybrid Office
- Winding Stream Massage And Therapeutics / Alternative Medicine Practice / Spa & Massage Center
Property Details for 101 Forest Dr
- Year built
- 1981
- Construction
- FRAME
- Lot size
- 1.42 lot acres
- Zone code
- HB
- Property type
- Office buildings
- APN
- 1754.10-46-4299 0091220
- APU
- 1754104642990091220
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 26, 2022 | — | Voyage Capital Ventures LLC | — | Deed · related | $2.1M · Np Real Estate Services LLC |
| Jul 2, 2021 | — | Voyage Capital Ventures LLC | — | Deed · related | $750k · Touchstone Bank |
| Dec 6, 2019 | $750,000 | Voyage Capital Ventures LLC | Dona I Hill INC | Warranty Deed · related | $627k · Touchstone Bk |
Description
This exceptional 7,527 square foot office building presents a remarkable investment opportunity in the rapidly growing town of Knightdale, North Carolina. Situated on a 1.42-acre lot with prominent road frontage on a main thoroughfare, this multi-unit property offers unparalleled accessibility and visibility. The building boasts ample private parking, a mix of asphalt and gravel surfaces, catering to the needs of tenants and visitors. The interior layout is versatile, featuring individual office spaces, dedicated conference rooms, and expansive open work areas, providing flexibility for a variety of business needs. Significant improvements have been implemented over the past four years, ensuring the property is well-maintained and ready for immediate occupancy. Currently, the building houses tenants on short-term leases, presenting an ideal scenario for an investor seeking to maximize rental income or a business owner looking to establish a presence in a prime location. Its proximity to Raleigh and easy access to major highways further enhance its appeal. This turnkey investment is poised for strong returns in a thriving market. The property's size, location, and current tenant occupancy make it an attractive proposition for both investors and owner-occupiers.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,995,000
- 6.5%
- $1,845,000
- 7%
- $1,710,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,511,000
- AI Estimate
- $1,176,000
Market price range: $1.11M - $1.92MMarket price range: $393k - $1.98M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,470,000 Current use
- COMMERCIAL (GENERAL)
- $2,435,000 Change: +66% Conversion: Easy
- MEDICAL BUILDING
- $2,375,000 Change: +62% Conversion: Easy
- RETAIL STORES
- $2,315,000 Change: +58% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Knightdale
- County
- Wake
- State
- North Carolina
- Longitude
- -78.479
- Latitude
- 35.7994
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
