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    Property profile & analytics
    OFF-MARKET Estimated value $5,325,000
    Office buildings

    3803 Computer Dr B, Raleigh, NC 27609-6541

    28,372 SF 1.97 ac lot Built 1969
    Individually Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US53-0843823
    Property summary
    AI-generated overview

    This exceptional two-story retail property, located at 3803 Computer Drive in Raleigh, North Carolina, presents a compelling investment opportunity. The 10,780 square foot building sits on a 0.95-acre lot and boasts a strong tenant roster including Renaissance Dental Center, Wells Orthodontics, and North Hills Dentistry, all operating under a triple-net (NNN) lease structure. Built in 1985 and extensively renovated in 2016, the property is well-maintained and offers ample parking with a ratio of 3.75 spaces per 1,000 square feet. The building's prime location in Wake County, zip code 27609, ensures high visibility and accessibility for tenants and customers. The property's current Net Operating Income (NOI) stands at $377,300, demonstrating its strong financial performance and potential for future growth. This is an excellent opportunity to acquire a stable, high-performing retail investment in a thriving North Carolina market. The property's size, tenant mix, and location make it an attractive asset for discerning investors seeking a reliable income stream and significant return on investment. The property is offered for sale and presents a rare chance to acquire a well-established retail center in a desirable location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1969
    Construction BRICK
    Total area 28,372 SF
    Lot 1.97 ac (85,813 SF)
    Zoning code OX-3
    APN 1705.08-88-7383 0051370
    UPID US53-0843823
    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
    • Priest Craven & Associates Engineer Land Surveyor
    • Diva's Hair Care Hair Salon
    • James Jiwen Chun Dental Office
    • Amanda L. Nehilla, OT Physician
    • Kaitlyn Mortimer Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.11M
    CAP Approach CAP
    $6.45M
    Comparable Approach Comparable
    $3.77M
    Blend (final) Blend
    $5.33M
    Owner & transaction history
    Atlas Stark Barrett Drive II L · 5 yrs held
    Atlas Stark Barrett Drive II L
    since 2021
    Last sale
    $6.6M
    3 recorded transactions
    2021
    $9.9M
    2013
    1969
    Zoning & alternative use
    OX-3 · Raleigh, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $8.4M +71.1%
    Medical building $7.0M +43.8%
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