4020 Barrett DrRaleigh, NC 27609

Property Details for 4020 Barrett Dr

Year built

1984

Construction

FRAME

Property size (Sq ft)

1,000 SF

Zone code

OX-3

Property type

Office properties

Property subtype

Office buildings

APN

1705.12-97-7319 0138155

APU

1705129773190138155

Description

This exceptional 2,000 square foot office condo, located at 4020 Barrett Drive in Raleigh, NC 27609, presents a fantastic opportunity for a single tenant. Situated within the North Hills Office Park, this first-floor unit boasts a highly functional layout, including seven private offices, a spacious training/conference room, two bathrooms, a convenient break area, and a dedicated server room. The condo is move-in ready and features brick construction, a covered porch, and ample parking directly in front of the building, with a 4:1000 parking ratio. Utilities and janitorial services are the responsibility of the tenant. The monthly lease rate is $2,900. The North Hills Office Park provides a professional environment with a diverse mix of businesses, including financial services, medical, dental, non-profit organizations, and other small businesses. Enjoy the convenience of being within walking distance (1.4 miles) of the vibrant North Hills area and its numerous amenities. The total building size is 4,000 square feet. This is a single-tenant occupancy office condo.

• CAP approach

  CAP return

  Valuation

  6%

  $242,394

  6.5%

  $223,748

  7%

  $207,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $264,722

  Geo Method

  $229,540

• Alternative Use

  Use

  Valuation

  Residential

  $277,448

  Hospitality

  $254,141

  Educational

  $211,442

  Medical

  $218,714

  Retail

  $328,910

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8301

Longitude

-78.6301

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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