206 New Bern Pl Raleigh, NC 27601-1416
- Investment properties
- 4,044 SF
- 0.20 lot acres
Current Use by Public Records
- Old Mac Partners / Insurance Agency
- Targeted Persuasion / Advertising Agency
- Pesticide Education Project / Non-Profit Organization
- MoRLee Media / Portrait Studio
- Elaine Robinson Beattie / Consultant
Property Details for 206 New Bern Pl
- Year built
- 1850
- Construction
- FRAME
- Lot size
- 0.20 lot acres
- Property size
- 4,044 SF
- Zone code
- DX-3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 1703.27-79-9072 0150411
- APU
- 1703277990720150411
Description
This exceptional 4,044 square foot executive office building, located at 206 New Bern Place in downtown Raleigh, NC, presents a unique blend of history and modern functionality. Known as the White Holman House, this historically registered property, originally constructed in 1798, boasts meticulously preserved historic character combined with tasteful renovations. The building sits on a 0.2-acre lot and offers ample parking with 30+ free two-hour spaces and 4 dedicated spaces. The interior layout includes nine offices, multiple conference rooms, and a well-equipped kitchen, providing a versatile and comfortable workspace. Currently fully vacant, the entire 4,044 square feet is available for lease or purchase. The property is zoned Downtown Mixed Use (DX-3) within Wake County, offering significant potential for various professional uses. Its historic designation qualifies it for potential tax benefits, making it an attractive investment opportunity. This stand-alone building provides a prestigious address in a vibrant downtown location, offering a rare chance to own a piece of Raleigh's rich history while enjoying the advantages of a modern, well-maintained office space. The property's multiple office configuration and ample parking make it ideal for a variety of businesses or investors seeking a unique and high-value asset.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,085,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,400,000
- 6.5%
- $1,615,000
- 7%
- $1,420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,690,000
- Geo Method
- $1,480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,575,000
- Retail
- $1,360,000
- Mixed-Use
- $1,580,000
- Hospitality
- $1,445,000
- Educational
- $1,535,000
- Residential Income
- $1,280,000
- Energy
- $1,360,000
- Income-Based Land
- $1,700,000
- Food Service
- $1,420,000
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.636
- Latitude
- 35.78
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
