Property profile

7208 Fls Of Neuse Rd Raleigh, NC 27615

OFF-MARKET
Office buildings
Property ID
US53-1027228
44,652 SF 2.76 ac lot Built 1999
Individually Owned 7-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1,701 square foot executive office suite is ideally located at 7208 Falls of Neuse Road in Raleigh, North Carolina, zip code 27615. The property is a single-tenant building offering complete privacy and control. The space is currently vacant and ready for immediate occupancy, presenting a unique opportunity for a business seeking a move-in ready solution. The building boasts a total of 1,701 square feet of usable space, perfectly suited for a variety of executive office needs. Ample parking is provided with 175 surface parking spaces available for tenants and their clients. This location offers easy access to major roadways, ensuring convenient commuting for employees and clients alike. The property is classified as an Executive Office, reflecting its high-quality construction and finishes. The single-tenant occupancy ensures a quiet and productive work environment. This is a rare opportunity to secure a well-appointed, conveniently located executive office space in a thriving Raleigh business district. The property is available for lease and offers a significant advantage to businesses seeking a prestigious and functional workspace. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The address is 7208 Falls of Neuse Road, Raleigh, NC 27615.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Construction BRICK
Total area 44,652 SF
Lot 2.76 ac (120,226 SF)
Zoning code OX-3
APN 1717.09-06-8573 0147755
UPID US53-1027228

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
  • Apartment Building
  • Real Estate Agency
  • Travel Agency
  • Charitable Organization Social Service Agency
  • Environmental Consultant Engineering Consultant

Location

7208 Fls Of Neuse Rd Raleigh, NC 27615-3244
Raleigh metro Census 54011 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$9.61M
Comparable Approach Comparable
$7.86M
Blend (final) Blend
$8.43M

Owner & transaction history

since 2019
2 recorded transactions
2019
$278,000
2019
$539,500

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
Auto repair, garage $13.2M +56.6%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7208 Fls Of Neuse Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message