4052 Barrett DrRaleigh, NC 27609

Property Details for 4052 Barrett Dr

Year built

1984

Construction

BRICK

Property size (Sq ft)

1,000 SF

Zone code

OX-3

Property type

Office buildings

APN

1705.08-97-5725 0131813

APU

1705089757250131813

Description

This exceptional investment opportunity presents eight office units within the prestigious North Hills Office Park in Raleigh, NC. Located on Barrett Drive, these units offer a range of sizes, from 1,000 to 4,000 square feet, catering to diverse business needs. The property boasts convenient access to I-440/Beltline via the North Hills/Midtown exit, ensuring excellent connectivity. The units are available for sale individually or as a portfolio, presenting a flexible acquisition strategy. One unit features a former dental suite buildout, offering a ready-to-occupy space for a medical or dental practice. The property is being sold "as is," providing an opportunity for buyers to customize and enhance the spaces to their specifications. This prime location within the thriving North Hills area offers significant long-term investment potential. The address range includes 4052, 4054, 4056, 4058, 4060, 4062, 4064, and 4066 Barrett Drive, Raleigh, NC 27609, in Wake County. The property's strategic location and flexible unit sizes make it an ideal investment for both individual entrepreneurs and larger portfolio investors seeking a strong return in a high-demand area. One unit is a downstairs end unit. Contact us today to explore this compelling investment opportunity.

• 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

35.8315

Longitude

-78.6304

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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