3801 Barrett DrRaleigh, NC 27609

Property Details for 3801 Barrett Dr

Year built

1968

Construction

BRICK

Lot size

0.54 AC

Property size (Sq ft)

9,525 SF

Zone code

OX-3

Property type

Office properties

Property subtype

Office buildings

APN

1705.12-86-7677 0074391

APU

1705128676770074391

Description

This exceptional Class A office building, located at 3801 Barrett Dr in Raleigh, NC, presents a unique investment opportunity. Boasting 10,073 square feet, this two-story structure was originally built in 1968 and underwent a complete renovation in 2018, ensuring modern amenities and functionality. The property features 28 individual offices, a large conference room, four restrooms, and a spacious break room. Accessibility is ensured with a conveniently located elevator and ample parking with 35 spaces available. The building is currently configured for single tenancy and sits on a lot zoned OX-3. The asking price is $3,700,000, translating to $367.32 per square foot. This meticulously maintained property is move-in ready, offering immediate occupancy for a new owner. The property's prime location in the North Hills area of Raleigh provides excellent access to major transportation routes and a vibrant business community. The building's updated infrastructure and modern design make it an ideal space for a variety of businesses seeking a prestigious and efficient workspace. The property's APN is 1705867677. A 3D tour is available for viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $2,308,803

  6.5%

  $2,131,203

  7%

  $1,978,974

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,521,472

  Geo Method

  $2,186,368

• Alternative Use

  Use

  Valuation

  Residential

  $2,642,691

  Hospitality

  $2,420,691

  Educational

  $2,013,986

  Medical

  $2,083,251

  Retail

  $3,132,868

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8285

Longitude

-78.633

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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