208 Millbrook RdRaleigh, NC 27609

  • Office properties
  • 2,950 SF
For Lease

Property Details for 208 Millbrook Rd

Year built
1983
Construction
FRAME
Property size (Sq ft)
2,950 SF
Zone code
OX-3
Property type
Office properties
Property subtype
Office buildings
APN
1706.11-56-9856 0131574
APU
1706115698560131574

Description

This Class A office building in Raleigh's desirable North Hills area offers a variety of executive suites and coworking options. The property, located at 208 W Millbrook Rd, 27609, boasts a total of 2,600 square feet and comprises three individual suites. Currently, 600 square feet of space is available for lease, divisible into units ranging from a minimum of 120 square feet to a maximum contiguous space of 257 square feet. The building is ideal for businesses seeking flexible and upscale office solutions. Three executive suites are immediately available, with sizes starting at 120 square feet and ranging up to 257 square feet. The location provides easy access to the vibrant North Hills area, offering convenient amenities and a prime business address. While virtual office options are available upon request, applications from beauty service providers are not currently being accepted. This property presents a unique opportunity for businesses seeking a prestigious and convenient location in Raleigh, North Carolina.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $715,062
    6.5%
    $660,058
    7%
    $612,911
  • Comparable approach

    Method
    Valuation
    Relative Method
    $780,928
    Geo Method
    $677,143
  • Alternative Use

    Use
    Valuation
    Residential
    $818,471
    Hospitality
    $749,715
    Educational
    $623,754
    Medical
    $645,206
    Retail
    $970,285
208 Millbrook Rd, Raleigh, North Carolina

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.8566
Longitude
-78.6424
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,964
-
$271,929
$271,929
-
-
$271,929
$271,929

FAQs

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