3720 Benson DrRaleigh, NC 27609

Property Details for 3720 Benson Dr

Year built

1985

Construction

BRICK

Property size (Sq ft)

1,008 SF

Zone code

OX-3

Property type

Office buildings

APN

1715.06-38-1729 0139663

APU

1715063817290139663

Description

This exceptional two-story, 4,088 square foot office condominium in Raleigh's Midtown is offered at $1,222,312 ($299/SF). The property, situated at 3720 Benson Dr, is a free-standing building with classic architecture, part of the well-maintained Williamsburg Commons development. The building's exterior dimensions measure 56' x 36.5', with approximately 2,044 square feet per floor. It's comprised of four deeded, separate condominiums, each approximately 1,008 square feet, offering flexibility for single occupancy or division among multiple tenants. Each quadrant features its own HVAC system (gas heat) and meter, a restroom, galley break counter, storage closet, and maintenance closet. Water is metered for the entire building. Interior finishes include crown molding and chair molding. Recent updates include a new roof and gutters. The property benefits from a tremendous location in a professional development and can easily function as a single building, by floor, or as four individual condominiums. This presents a unique opportunity for investors or businesses seeking a versatile and well-maintained office space in a prime Raleigh location. The building is a Class B property, constructed in 1985.

• CAP approach

  CAP return

  Valuation

  6%

  $244,333

  6.5%

  $225,538

  7%

  $209,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $266,839

  Geo Method

  $231,376

• Alternative Use

  Use

  Valuation

  Residential

  $279,668

  Hospitality

  $256,174

  Educational

  $213,134

  Medical

  $220,464

  Retail

  $331,541

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8338

Longitude

-78.6193

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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