7200 Falls Of Neuse RdRaleigh, NC 27615

Property Details for 7200 Falls Of Neuse Rd

Year built

1990

Lot size

2.01 AC

Property size (Sq ft)

25,673 SF

Zone code

OX-3

Property type

Office properties

Property subtype

Office buildings

APN

1717.09-16-0219 0147754

APU

1717091602190147754

Description

This exceptional Class A office space, located at 7200 Falls of Neuse Rd in Raleigh, NC, offers 6,313 square feet of immediately available space. The property is zoned OX-3 and situated in Wake County, zip code 27615. Multiple tenancy options are available, with spaces ranging from a minimum of 1,140 square feet to a maximum contiguous space of 2,594 square feet. The entire 6,313 square feet is currently vacant and ready for immediate occupancy. This presents a unique opportunity for businesses seeking high-quality, executive-level office space in a desirable Raleigh location. The building's "A" classification reflects its superior construction, amenities, and overall quality. The address is easily accessible and provides excellent visibility. This property is ideal for a variety of businesses seeking flexible and modern office solutions. Interested parties should inquire about lease terms and availability. The property is conveniently located in Raleigh, North Carolina, offering easy access to major transportation routes and amenities. This is a rare opportunity to secure a significant amount of premium office space in a highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $6,222,981

  6.5%

  $5,744,290

  7%

  $5,333,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,796,196

  Geo Method

  $5,892,980

• Alternative Use

  Use

  Valuation

  Residential

  $7,122,920

  Hospitality

  $6,524,556

  Educational

  $5,428,354

  Medical

  $5,615,044

  Retail

  $8,444,107

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8824

Longitude

-78.6253

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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