Medical Office Condo Investment
For Sale
$900,000
3396 Six Forks Road, Raleigh, NC 27609
COMMERCIAL - Raleigh, NC
Property Size3,128 SF
Lot Size7.62 Acres
Price / SF$287.72
Days on Market648
Property Features for 3396 Six Forks Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OX-3-GR
Standard status
Active
APN
1705858956
Size
3,128 SF
Lot size
7.62 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
UNS 305-335 PARK PL ON 6 FKS RD OFC CNDO
Tax Annual Amount
5089
Legal Description
UNS 305-335 PARK PL ON 6 FKS RD OFC CNDO
Building Details
Year built
1986
Listing Agency:
Elmore Realty, LLC
(910) 892-6900
Listed By:
Douglas Godwin · License #294888
(910) 890-1974
Added: Oct 23, 2024
Changed: May 19
Last Checked: Aug 1 at 11:06AM
MLS# 10061625
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.
Investment Insights
Based on property information with market context.
This +/-3,128 square foot medical office condo is located in a prime Raleigh location, within a professionally managed and well-maintained office complex off Six Forks Road. Constructed in the 1980s and meticulously maintained, this single-story space is designed for medical use, featuring four exam rooms, a spacious waiting area, a receptionist's desk, a procedure/lab room, a lunch area, and a private provider's office. The property is currently leased and generating consistent cash flow, making it an attractive opportunity for investors or owner-occupants seeking a stable, income-producing asset. The property benefits from high visibility and accessibility in a high-demand area of Raleigh, with close proximity to major retail and business hubs like North Hills, Creekside Crossing, and Midtown East, as well as convenient access to I-440. The property is located in Wake County.
Key Highlights
- Leased medical office condo generating consistent cash flow, ideal for investors or owner‑occupants.
- Prime Raleigh location off Six Forks Road, near I‑440, North Hills, Creekside Crossing, and Midtown East.
- +/-3,128 SF single‑story space with four exam rooms, procedure/lab room, waiting area, and provider's office.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.2k | $28.20 |
| − Vacancy | −$7.5k | −$2.40 |
| EGI | $80.7k | $25.80 |
| − OpEx | −$32.3k | −$10.32 |
| NOI | $48.4k | $15.48 |
3,128 SF · lease $28.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$691.8K
$605.3K – $807.1K
NOI $48,427 @ 7.0% cap · market cap 5.38%
Second Best
Office B
$619.0K
$541.7K – $722.2K
NOI $43,332 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$859.6K
$752.2K – $1.00M
NOI $60,175 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,474
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27609, NC
36,218
Population
19,740
Households
1.8
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
3,323
Density / Sq Mi
$81,538
Median Household Income
$53,670
Median Earnings
$1,393
Median Rent
$441,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Petfolk Veterinary & Urgent Care - North Hills — 631 E Six Forks Rd Suite 101, Raleigh, NC 27609
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical office condo in prime Raleigh location for sale.
Where is this medical office space located?
The property is located at 3396 Six Forks Road Raleigh, NC.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Leased medical office condo generating consistent cash flow, ideal for investors or owner‑occupants.; Prime Raleigh location off Six Forks Road, near I‑440, North Hills, Creekside Crossing, and Midtown East.; +/-3,128 SF single‑story space with four exam rooms, procedure/lab room, waiting area, and provider's office.
