8025 Creedmoor Rd Raleigh, NC 27613-4364
- Office buildings
- 14,926 SF
- 1.82 lot acres
Current Use by Public Records
- JENNIFER THOMAS / Physician
- Well Care Home Care / Home Health Care Service
- Stephanie Horvath / Physician
- Imagine Homes / General Contractor
- Savvy Homes / Construction Company / General Contractor
Property Details for 8025 Creedmoor Rd
- Year built
- 1998
- Construction
- BRICK
- Lot size
- 1.82 lot acres
- Property size
- 14,926 SF
- Zone code
- O&I-3
- Property type
- Office buildings
- APN
- 0798.18-41-4663 0059217
- APU
- 798184146630059217
Description
This exceptional single-story executive office building, located at 8025 Creedmoor Rd in Raleigh, NC, presents a unique investment opportunity. Boasting 14,926 square feet of high-quality office space, the property features a desirable blend of private offices and open areas, all finished with modern, high-end materials and glass partitions. The brick building offers ample on-site parking with over 70 spaces, ensuring convenience for employees and clients. Currently occupied by a single tenant, the layout is easily adaptable to accommodate two separate tenants, each with its own private entrance. This prime location is adjacent to the Brennan Station shopping center, providing employees and visitors with easy access to a variety of restaurants and amenities. Excellent visibility is ensured with prominent ground and building signage opportunities. The asking price for this exceptional property is $4,750,000. The property is situated in Wake County, North Carolina, zip code 27613. This is a rare opportunity to acquire a well-maintained, strategically located executive office building in a thriving Raleigh neighborhood.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,355,000
- 6.5%
- $3,095,000
- 7%
- $2,875,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,330,000
- AI Estimate
- $3,247,000
Market price range: $2.11M - $3.87MMarket price range: $1.40M - $3.78M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,910,000 Current use
- COMMERCIAL (GENERAL)
- $4,840,000 Change: +66% Conversion: Easy
- MEDICAL BUILDING
- $4,705,000 Change: +62% Conversion: Easy
- AUTO REPAIR, GARAGE
- $4,400,000 Change: +51% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6813
- Latitude
- 35.8971
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA