142 Wind Chime CtRaleigh, NC 27615

Property Details for 142 Wind Chime Ct

Year built

1982

Construction

FRAME

Lot size

0.01 AC

Property size (Sq ft)

2,000 SF

Zone code

OX-3

Property type

Office properties

Property subtype

Office buildings

APN

1707.15-63-0681 0125131

APU

1707156306810125131

Description

This exceptional turnkey investment opportunity presents a 2,000 square foot mixed-use building, currently configured as a salon, located at 142 Wind Chime Ct, Raleigh, NC 27615. Situated in the thriving North Hills area, this property enjoys unparalleled access to major highways and the Raleigh-Durham International Airport, ensuring convenient commutes and strong business potential. Built in 1982, the building is zoned OX-3 and offers a compelling price per square foot of $280, resulting in an asking price of $560,000. The property is being sold as-is, providing a unique chance for buyers to customize and enhance the space to meet their specific needs. Its current configuration as a salon demonstrates its suitability for a variety of commercial uses. The property's location within the rapidly developing North Hills area promises significant future appreciation, making it an attractive investment for both seasoned and emerging investors seeking a strong return on investment in a prime Raleigh location. The property's convenient access to major transportation arteries and the airport further enhances its appeal and potential for growth. This is a rare opportunity to acquire a well-maintained commercial property in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $484,788

  6.5%

  $447,497

  7%

  $415,533

• Comparable approach

  Method

  Valuation

  Relative Method

  $529,443

  Geo Method

  $459,080

• Alternative Use

  Use

  Valuation

  Residential

  $554,896

  Hospitality

  $508,282

  Educational

  $422,884

  Medical

  $437,428

  Retail

  $657,820

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8751

Longitude

-78.6418

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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