712 Johnson StRaleigh, NC 27603

Property Details for 712 Johnson St

Year built

1962

Construction

BRICK

Lot size

0.14 AC

Property size (Sq ft)

2,840 SF

Zone code

NX-5

Property type

Office properties

Property subtype

Office buildings

APN

1704.18-31-8787 0178526

APU

1704183187870178526

Description

This exceptional 2,840-square-foot creative office building presents a unique opportunity in the vibrant Glenwood South area. Situated on a 0.16-acre lot, this single-tenant property boasts a modern design, updated in 2020, while retaining its character from its 1962 construction. The two-story building offers a flexible layout, perfect for a variety of commercial uses, as permitted by the zoning. The space includes a mix of large and small offices, restrooms on each floor, a dedicated library, an open reception area, and a spacious breakroom complete with a kitchen. Natural light floods the interior through large windows. Convenient parking is available both in front and rear of the building, totaling nine spaces. The second floor offers the added convenience of a grade-level rear entrance. Its prime location places it within walking distance of the bustling Glenwood South neighborhood, and minutes away from NC State University, Meredith College, and Pullen Park. This Class B building is a rare find, combining modern amenities with a desirable location. The entire 2,840 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $688,399

  6.5%

  $635,445

  7%

  $590,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $751,809

  Geo Method

  $651,894

• Alternative Use

  Use

  Valuation

  Residential

  $787,952

  Hospitality

  $721,760

  Educational

  $600,496

  Medical

  $621,148

  Retail

  $934,104

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.7877

Longitude

-78.6497

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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