1514 Glenwood AveRaleigh, NC 27608

Property Details for 1514 Glenwood Ave

Year built

1920

Construction

FRAME

Lot size

0.32 AC

Property size (Sq ft)

4,422 SF

Zone code

OX-3

Property type

Office properties

Property subtype

Office buildings

APN

1704.11-56-0283 0050636

APU

1704115602830050636

Description

This exceptional 1,963 square foot executive office suite is available for lease at 1514 Glenwood Avenue in Raleigh, North Carolina. Located in the vibrant Five Points neighborhood, this recently renovated (2024) space offers a bright and inviting atmosphere perfect for a variety of businesses. Situated on the second floor, it's easily accessible via a walk-up entrance. The suite boasts large windows, providing ample natural light and a pleasant working environment. The property features light and modern finishes throughout. The building itself totals 4,422 square feet and is a multi-tenant building. This particular suite offers a significant amount of space, ideal for a growing company or a business requiring substantial office area. Convenient private parking is included, a significant advantage in this desirable location. The property is in Wake County, with a Raleigh zip code of 27608. This is a fantastic opportunity to secure a high-quality office space in a prime Raleigh location. Don't miss out on this chance to establish your business in a thriving and well-connected area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,071,866

  6.5%

  $989,415

  7%

  $918,742

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,170,598

  Geo Method

  $1,015,026

• Alternative Use

  Use

  Valuation

  Residential

  $1,226,875

  Hospitality

  $1,123,810

  Educational

  $934,997

  Medical

  $967,153

  Retail

  $1,454,440

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.7998

Longitude

-78.6457

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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