1101 Spring Forest RdRaleigh, NC 27615

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 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.

• 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

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

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