105 Bloodworth St Raleigh, NC 27601-1503
- Investment properties
- 3,672 SF
- 0.15 lot acres
Nov 30, 2020
Current Use by Public Records
- Intake Health / Biotechnology Company / Medical Technology Manufacturer
- Sherpa Collaborative / Marketing Consultant / Website Designer
- Saad Law / Criminal Justice Attorney / Attorney
- Portraits South / Portrait Studio
Property Details for 105 Bloodworth St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.15 lot acres
- Property size
- 3,672 SF
- Zone code
- OX-3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 1703.36-88-8687 0039502
- APU
- 1703368886870039502
Description
This exceptional 3,672 square foot, two-story executive office building is situated in the heart of downtown Raleigh, North Carolina, at 105 S Bloodworth St, zip code 27601. Built in 1900 and boasting a charming historic character, this property offers a unique blend of old-world appeal and modern functionality. The building features nine total office suites, four of which are currently rented on a month-to-month basis, presenting immediate income potential. High ceilings (12 feet downstairs, 9 feet upstairs) create spacious and inviting work environments. Multiple operable gas fireplaces add warmth and ambiance, while a full kitchen and full bath upstairs provide added convenience. Six paved parking spaces are located at the rear of the building, supplemented by ample street parking. An ADA-compliant lift at the rear deck ensures accessibility. The building sits on a 0.15-acre lot and features a durable slate roof. The property is zoned OX-3-DE and is conveniently located just a block from Moore Square, surrounded by a vibrant mix of restaurants, businesses, and residential areas. A walk-up attic provides additional storage space. This property represents a rare opportunity to acquire a well-maintained, income-producing office building in a prime downtown Raleigh location. The building's history includes a previous location on the Peace College campus, relocating to its current address in the 1970s.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,365,000
- ML approach
- $1,440,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $845,000
- 6.5%
- $780,000
- 7%
- $725,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,519,000
Market price range: $780k - $1.78M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,190,000 Current use
- RETAIL STORES
- $1,445,000 Change: +21% Conversion: Easy
- MEDICAL BUILDING
- $1,160,000 Change: -3% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,085,000 Change: -9% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.633
- Latitude
- 35.779
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA