4109 Wake Frst Rd Raleigh, NC 27609-2510
- Office buildings
- 32,836 SF
- 1.53 lot acres
Current Use by Public Records
- Kelly Goode at Comparion Insurance Agency / Insurance Agency
- TFMG Studios / Recording Studio
- Usaf Recruiting Flight Sprvsr / Military Recruiting Office
- Starbucks / Cafe & Coffee Shop
- Wyatt Kimbrough at Comparion Insurance Agency / Insurance Agency
Property Details for 4109 Wake Frst Rd
- Year built
- 2021
- Construction
- METAL FRAME
- Lot size
- 1.53 lot acres
- Property size
- 32,836 SF
- Zone code
- CX-4
- Property type
- Office buildings
- APN
- 1716.18-40-5134 0083920
- APU
- 1716184051340083920
Description
The Edge Midtown, located at 4109 Wake Forest Rd in Raleigh, NC, offers exceptional executive office space for lease. This prestigious building boasts a total of 32,844 square feet situated on a 1.53-acre lot in Wake County. Currently, there is 14,080 square feet of vacant space available, divisible into units ranging from a minimum of 2,026 square feet to a maximum contiguous space of 8,588 square feet. The property is ideal for businesses seeking flexible and modern office solutions in a thriving Midtown Raleigh location. The building's executive office subtype caters to businesses requiring a sophisticated and professional environment. The multiple tenancy structure allows for a diverse range of businesses to coexist, fostering a vibrant and collaborative atmosphere. With its convenient location and ample space options, The Edge Midtown presents a unique opportunity for companies looking to establish or expand their presence in the Raleigh market. The zip code is 27609. This property is perfect for businesses seeking a high-quality, well-located office space in a dynamic and growing area. Interested parties should inquire about available space and lease terms.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $8,085,000
- 6.5%
- $7,465,000
- 7%
- $6,930,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,476,000
- AI Estimate
- $8,374,000
Market price range: $4.17M - $7.48MMarket price range: $4.17M - $8.37M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $5,660,000 Current use
- RETAIL STORES
- $12,905,000 Change: +128% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $10,650,000 Change: +88% Conversion: Easy
- AUTO REPAIR, GARAGE
- $9,680,000 Change: +71% Conversion: Difficult
- MEDICAL BUILDING
- $8,135,000 Change: +44% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6136
- Latitude
- 35.838
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA