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    FOR LEASE
    Office buildings

    1312 Annapolis Dr, Raleigh, NC 27608

    24,592 SF 2.41 ac lot Built 1979
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2072389
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • David Paletta Law Firm
    • C & T SR22 Insurance Insurance Agency
    • Patterson Harkavy Law Firm
    • Legendary Demolition Raleigh Durham Construction Company General Contractor
    • Bannon Bradley J Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.18M
    CAP Approach CAP
    $5.59M
    Comparable Approach Comparable
    $5.21M
    Blend (final) Blend
    $4.98M
    Owner & transaction history
    SWANLAKE HOLDINGS LLC · 6 yrs held
    SWANLAKE HOLDINGS LLC
    since 2020
    Last sale
    $4.4M
    1 recorded transaction
    2020
    $4.4M
    Zoning & alternative use
    OX-3 · Raleigh, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $8.0M +66.3%
    Medical building $7.8M +61.7%
    Auto repair, garage $7.3M +51.1%
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