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Rabbit Run 7201 Rabbit Run 2,200 SF Vacant Office Building Wake Forest, NC 27587 $2,600,000 ($1,181.82/SF)
Investment Highlights
- Geat Location, near US#1 and New HWY 98.
- 3 acres, GREAT Place for Office, Assisted Living.
- Visual from HWY, with frontage on old Hwy 98.
Executive Summary
3 Acres, Fronts on Old Hwy 96 West (200 plus feet, with access) and Rabbit Run. 1/4 Mile from NEW Hwy 98 to the west, 3/4 Mile to US#1 to the East.
Great Location for Medical, Convalescent Home, Assisted Living, BANK, ZONED working on Zoning to NB!
*************************WAKE COUNTY WILL Allow Retail or Office Space
Great Location for Medical, Convalescent Home, Assisted Living, BANK, ZONED working on Zoning to NB!
*************************WAKE COUNTY WILL Allow Retail or Office Space
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$38,000
|
$17.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$38,000
|
$17.27
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $38,000 |
| Annual Per SF | $17.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $38,000 |
| Annual Per SF | $17.27 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
2,200 SF
Building Class
C
Year Built
1983
Price
$2,600,000
Price Per SF
$1,181.82
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,200 SF
Building FAR
0.02
Lot Size
3.00 AC
Zoning
R-40W - 3 Acres, working on Rezoning to NB
Parking
4 Spaces (1.82 Spaces per 1,000 SF Leased)
1 1
Property Taxes
| Parcel Number | 1831.03-20-9449-000 | Improvements Assessment | $330,985 (2025) |
| Land Assessment | $98,175 (2025) | Total Assessment | $429,160 (2025) |
Property Taxes
Parcel Number
1831.03-20-9449-000
Land Assessment
$98,175 (2025)
Improvements Assessment
$330,985 (2025)
Total Assessment
$429,160 (2025)
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
CJR Investments
Rabbit Run | 7201 Rabbit Run
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