1101 Spring Forest RdRaleigh, NC 27615

  • Office properties
  • 7,371 SF
For Lease
$22/SF/YR View listing

Property Details for 1101 Spring Forest Rd

Year built
1980
Construction
BRICK
Lot size
0.94 AC
Property size (Sq ft)
7,371 SF
Zone code
OX-3
Property type
Office properties
Property subtype
Office buildings
APN
1717.18-21-9404 0115116
APU
1717182194040115116

Description

This exceptional 1,244 square foot Class A executive office suite is available for lease at 1101 Spring Forest Road in Raleigh, North Carolina. Located in Wake County, this property offers a highly desirable location with ample parking (4.3 spaces per 1,000 square feet). The entire suite is currently vacant, providing a unique opportunity for a single tenant to occupy the entire space. The building is classified as Class A, indicating high-quality construction, modern amenities, and a prime location. The property is categorized as an executive office space, suggesting a sophisticated and professional environment ideal for businesses seeking a prestigious address. The suite's size makes it suitable for a variety of businesses, from small startups to established firms requiring a substantial workspace. The multiple tenancy designation indicates the building's capacity to accommodate various business sizes, suggesting a vibrant and diverse community of tenants. The property's address is 1101 Spring Forest Rd, Raleigh, NC 27615. This location offers easy access to major transportation routes and amenities, making it an attractive option for employees and clients alike. Interested parties are encouraged to inquire for lease terms and conditions.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,786,686
    6.5%
    $1,649,249
    7%
    $1,531,445
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,951,262
    Geo Method
    $1,691,939
  • Alternative Use

    Use
    Valuation
    Residential
    $2,045,068
    Hospitality
    $1,873,272
    Educational
    $1,558,540
    Medical
    $1,612,141
    Retail
    $2,424,396
1101 Spring Forest Rd, Raleigh, North Carolina

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.869
Longitude
-78.6189
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
$8,565
$253,141
$532,649
$785,790
-
$253,141
$532,649
$785,790

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