Property profile

1312 Annapolis Dr Raleigh, NC 27608

FOR LEASE
Office buildings
Property ID
US53-2072389
24,592 SF 2.41 ac lot Built 1979
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional two-story office building, located at 1312 Annapolis Drive in Raleigh, NC, offers 27,000 square feet of versatile space ideal for both executive and medical office uses. Built in 1979, the Class B property is situated in Wake County and boasts a convenient multiple tenancy structure. The building is easily divisible, with a minimum leasable space of 5,000 square feet, providing flexibility for businesses of various sizes. Ample parking is available, with a ratio of four spaces per 1,000 square feet. The property's address is 1312 Annapolis Drive, Raleigh, NC 27608. Its strategic location within Raleigh offers easy access to major transportation routes and a thriving business community. This presents a unique opportunity for businesses seeking high-quality office space in a desirable location. The building's 27,000 square feet provides ample room for expansion or consolidation, catering to a range of business needs. The flexible layout allows for customization to suit specific requirements. With its convenient location, ample parking, and adaptable space, this property represents a compelling investment opportunity in the heart of Raleigh. Contact us today to learn more about this exceptional office building.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 24,592 SF
Lot 2.41 ac (104,980 SF)
Zoning code OX-3
APN 1704.09-16-3542 0088801
UPID US53-2072389

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Insurance Agency
  • Law Firm
  • Construction Company General Contractor
  • Law Firm

Location

1312 Annapolis Dr Raleigh, NC 27608
Raleigh metro Census 51600 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.18M
CAP Approach CAP
$5.59M
Comparable Approach Comparable
$5.21M
Blend (final) Blend
$5.18M

Owner & transaction history

since 2020
Last sale
$4.4M
1 recorded transaction
2020
$4.4M

Zoning & alternative use

OX-3 · Raleigh, NC
Zoning description

The OX-3 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options

General category MIXED_USE
Top alternative use upside
Commercial (general) $8.0M +66.3%
Medical building $7.8M +61.7%
Auto repair, garage $7.3M +51.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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