4787 Us Highway 70Princeton, NC 27569

Property Details for 4787 Us Highway 70

Year built

2003

Lot size

9.89 AC

Property size (Sq ft)

7,020 SF

Zone code

COM

Property type

Office properties

Property subtype

Office buildings

APN

04N12004A

APU

04N12004A

Description

This exceptional commercial property, located at 4787 US Hwy 70E in Johnston County, offers a rare opportunity to lease modern office suites. Built in 2003 and extensively renovated in 2022, this single-story building boasts 7,020 square feet situated on a generous 9.89-acre lot. The property is zoned commercial and features a low building floor area ratio (FAR) of 0.03. Two office spaces are currently available, each offering a unique layout. Office 2, measuring 12' x 10', is 120 square feet and does not have a window. Office 3, measuring 12' x 10.5', is 126 square feet and includes a window. Both spaces benefit from shared amenities including a kitchen, bathroom, and conference room, providing a collaborative and convenient work environment. The minimum leasable space is 125 square feet. Ample parking is available with 14 spaces on-site. Monthly rent is $400, with a $400 security deposit required for each office. Utilities, excluding internet, are covered by the landlord. Optional storage add-ons are also available. This property is ideal for small businesses or entrepreneurs seeking a well-maintained, conveniently located office space in a thriving commercial area. The 9-foot ceilings contribute to a spacious feel.

• CAP approach

  CAP return

  Valuation

  6%

  $1,701,606

  6.5%

  $1,570,713

  7%

  $1,458,519

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,858,345

  Geo Method

  $1,611,371

• Alternative Use

  Use

  Valuation

  Residential

  $1,947,684

  Hospitality

  $1,784,068

  Educational

  $1,484,324

  Medical

  $1,535,372

  Retail

  $2,308,948

Location Insight

City

Princeton

County

Johnston

State

North Carolina

Latitude

35.478

Longitude

-78.2249

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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