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    3210 E Unit, Unit 150 Raleigh, NC 27612

    View on Map
    Sponsored
    For Sale
    $2,490,000

    COMMERCIAL - Raleigh, NC

    Property size:
    7,196 SF
    Days on Market:
    125
    Last Refresh:
    Mar 17 at 5:06 am

    Property Features for 3210 E Unit

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Vegetation
    Grassed, Cleared
    Zoning
    OX-4
    Rooms
    Basement
    APN
    Plat book 2005
    Parking
    28
    Exterior features
    Private Entrance, Private Yard, Smart Lock(s)
    Basement
    Walk-Out Access
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Built-In Refrigerator, Convection Oven, Cooktop - Down, Electric Cooktop, Electric Range, Gas Water Heater, Ice Maker, Microwave, Oven, Range, Range Hood, Refrigerator, Water Heater
    Size
    7,196 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Humidity Control (Heating), Energy Star Qualified Equipment (Heating), Exhaust Fan (Heating), Forced Air
    Cooling system
    Zoned, ENERGY STAR Qualified Equipment, Heat Pump
    Water source
    Public

    Building Details

    Year built
    2005
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block, Brick, ICFs (Insulated Concrete Forms)
    Roof type
    Flat

    We can help!

    Listing Contact
    Peter Milner

    Premier Agents Network (919) 609-5161

    Listing agent Peter Milner (919) 793-3732

    Listing date Nov 12, 2025

    MLS# 10084544

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Class A Office Flex Space

    This brick-faced flex space presents a rare opportunity for owner-occupiers to acquire premium Class A office space in the West Raleigh submarket along the dynamic Glenwood Avenue corridor. The supremely updated and modernized condo boasts multiple conference rooms, a spacious breakroom, and numerous hard-walled offices, perfect for fostering productivity and collaboration. The property is situated off Glenwood Avenue (US-70) with convenient access to Creedmoor Road (NC-50) and I-440. Located within Glenwood Office Commons, the property is 1.5 miles from Crabtree Valley Mall, with a variety of nearby restaurants and shopping. The property is zoned OX-4 (Office Mixed Use), which provides for a variety of uses. The property contains 7196 square feet. Association dues are $959.47 per month ($2,878.40 per quarter).
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.697819
    Latitude
    35.850354

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    FAQs

    What type of property is this?
    Office units - Updated flex space in West Raleigh near Glenwood Avenue.
    Where is this office units located?
    The property is located at 3210 E Unit, Unit 150 Raleigh, NC.
    What is the asking price?
    The asking price for this property is $2,490,000.
    What are key features of this property?
    This property features: - Premium Class A office space in a desirable West Raleigh location along Glenwood Avenue.; - Supremely updated and modernized condo with multiple conference rooms and a spacious breakroom. Numerous hard-walled offices.; - Convenient access to major roads: Glenwood Ave (US-70), Creedmoor Rd (NC-50), and I-440.
    (919) 793-3732
    Request Owner's contact information
    3210 E Unit, Unit 150 Raleigh, NC 27612
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    Raleigh, NC 27612
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3210 E Unit, Unit 150 Raleigh, NC 27612
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    We can help!
    Listing Contact
    Peter Milner
    Real Estate License ID: 288788
    (919) 793-3732
    Learn more
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