1100 Wake Forest RdRaleigh, NC 27604

Property Details for 1100 Wake Forest Rd

Year built

1918

Construction

BRICK

Lot size

0.99 AC

Property size (Sq ft)

27,382 SF

Zone code

OX-3

Property type

Office buildings

APN

1704.16-93-3944 0033392

APU

1704169339440033392

Description

This exceptional executive office space, located at 1100 Wake Forest Rd in Raleigh, NC, offers 5,400 square feet of immediately available space within a stunning 16,259 square foot building. Situated in Wake County, this property boasts a rich history, being a former hospital listed on the Wake County Historic Registry. The building's character is undeniable, featuring beautiful original woodwork and large windows that flood the space with natural light. Recent renovations have enhanced the space with modern amenities, including new lighting, a refreshed break room, fresh paint, and updated flooring. The property is classified as an office building with multiple tenancies. The address is 1100 Wake Forest Rd, Raleigh, NC 27604. This prime location offers easy access to various amenities and transportation routes within Raleigh. The available space presents a unique opportunity to establish a prestigious office presence in a historically significant building with modern conveniences. The total building size is 16,259 square feet. This is a rare chance to lease a significant space in a building that seamlessly blends historic charm with contemporary functionality. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $7,522,200

  6.5%

  $6,943,570

  7%

  $6,447,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,248,600

  Geo Method

  $6,285,260

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,012,600

  Retail / Commercial

  $7,435,600

  Mixed-Use / Specialty

  $7,202,030

  Hospitality / Lodging

  $5,014,300

  Institutional / Educational

  $7,413,200

  Residential Income

  $8,673,440

  Multifamily

  $11,550,400

  Automotive / Energy

  $6,354,170

  Parking / Income-Based Land

  $2,397,330

  Restaurant / Food Service

  $3,303,910

  Healthcare / Senior Housing

  $7,597,890

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.7935

Longitude

-78.6313

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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