10224 Durant RdRaleigh, NC 27614

Property Details for 10224 Durant Rd

Year built

2001

Construction

FRAME

Lot size

1.25 AC

Property size (Sq ft)

18,492 SF

Zone code

IX-3

Property type

Office buildings

APN

1728.14-24-7472 0278485

APU

1728142474720278485

Description

This exceptional Raleigh office space, located within the Durant Office Park at 10224 Durant Rd, offers 1,173 square feet of immediately available space. Situated in Wake County, near the intersection of Falls of Neuse Road and Capital Boulevard, this property provides convenient access to major thoroughfares. The single, two-story building comprises a total of 18,000 square feet, offering a traditional office environment suitable for a variety of businesses. Utilities are serviced by Duke Energy. The building is equipped with elevators for easy access to both floors. While the ceiling height is not specified, the available space presents a functional and efficient layout ideal for a growing company or a business seeking a smaller, well-located office. The property is currently available for lease and presents a unique opportunity to establish a presence in a desirable Raleigh location. The address is 10224 Durant Rd, Raleigh, NC 27614. This is a multi-tenant building, offering a collaborative and professional atmosphere. The property's convenient location and readily available space make it an attractive option for businesses seeking a prime location in Raleigh's thriving commercial market. The 1,173 square feet of vacant space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $4,482,350

  6.5%

  $4,137,554

  7%

  $3,842,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,895,230

  Geo Method

  $4,244,654

• Alternative Use

  Use

  Valuation

  Residential Income

  $5,130,566

  Hospitality / Lodging

  $4,699,572

  Institutional / Educational

  $3,909,988

  Healthcare / Senior Housing

  $4,044,459

  Retail / Commercial

  $6,082,204

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.9046

Longitude

-78.5854

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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