124 Mine Lk Ct, Raleigh, NC 27615-6417
This exceptional 4,000-square-foot executive office condo, situated at 124 Mine Lake Ct in Raleigh, NC 27615, presents a compelling investment opportunity. Built in 1983 and spanning two stories, this property boasts a desirable O&I-3 zoning designation. The building features a striking brick exterior and offers convenient access via both a front and back entrance. Recent upgrades include freshly painted walls, brand new windows throughout, and a completely renovated lobby area. The interior is thoughtfully designed with pre-built cubicles and private offices, providing immediate functionality for any business. Ample parking is available with 22 spaces. Significant investments have been made in the building's infrastructure, including a roof replacement in 2013 (with a 20-year warranty on the shingles) and four HVAC units installed between 2012 and 2016. Located in a thriving North Raleigh neighborhood, this property benefits from its proximity to numerous residential areas, attractions, and restaurants, making it an ideal location for both employees and clients. This is a rare opportunity to acquire a well-maintained, updated executive office space in a highly sought-after area of Wake County. The property's strong features and prime location make it an excellent choice for businesses seeking a sophisticated and functional workspace.
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Capital Asset Management Corporation Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OX-3 · Raleigh, NCRaleigh. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.