4076 Barrett DrRaleigh, NC 27609

Property Details for 4076 Barrett Dr

Year built

1984

Construction

BRICK

Lot size

0.01 AC

Property size (Sq ft)

1,000 SF

Zone code

OX-3

Property type

Office buildings

APN

1705.08-97-5725 0131801

APU

1705089757250131801

Description

This exceptional investment opportunity presents five office condos totaling 5,000 square feet, situated within Cornwallis Square in Raleigh, North Carolina. The property comprises two two-story buildings, each condo offering approximately 1,000 square feet of space. Currently occupied, these versatile units are ideal for both medical and traditional office uses, zoned OX-3. Located at 4076 Barrett Dr, Raleigh, NC 27609, this property benefits from a highly convenient location just off Six Forks Road and I-440, with three accessible entry points from Six Forks Road and a signalized entry at Barrett Drive. The area boasts abundant nearby restaurants and retail amenities. The asking price for the entire portfolio is $1,400,000, with individual condos priced at $280,000 each. The condos are available for purchase individually or as a package. Specific unit occupants include GSC Surveying (two units), Claire Poole, Attorney at Law, YMCA of the Triangle, and Raleigh Tutoring.

• 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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