Second-Floor Office Condo with
For Sale
Contact for pricing
1100 LOGGER CT STE A102, Raleigh, NC 27609
Second-floor office condo with private bath, two offices, and on-site parking along a high-traffic corridor.
Property Size900 SF
Price / SF$266.67
Days on Market86
Property Features for 1100 LOGGER CT STE A102
General Information
Standard status
Active
Size
900 SF
Class
B
Property subtype
Office
Zoning
OX-3
Investment Type
Owner/User
Building Details
Year Built
1981
Stories
2
Units
1
Listing Agency:
KW Commercial VG Realty
(919) 475-5769
Listed By:
Vandan Gandhi · License #NC #247850
Source:
Crexi
Added: May 28
Changed: Aug 8
Last Checked: Jul 22 at 3:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial VG Realty
Investment Insights
Based on property information with market context.
This second-floor office condo totals 900 SF and is laid out for professional use. The space includes a spacious reception or conference area, two large private offices, a kitchen, storage, and a private bathroom. Multiple windows throughout help support a bright interior environment, and the layout is suited to both client-facing work and day-to-day office operations.
Located along the high-traffic Falls of Neuse Road corridor, the property offers stoplight access for convenient entry and exit. It also provides quick connectivity to I-440 and I-540, supporting convenient commutes for employees and visitors. The surrounding area is characterized by major office tenants and retail centers, with an established, dense trade area nearby.
As an owner-user option or investment, this condo fits medical, legal, financial, or consulting users who need a dedicated office setting and on-site parking. The configuration supports a range of professional workflows, from meetings in the reception/conference area to separate work in the private offices, while the private bathroom and kitchen help accommodate daily operations.
Located along the high-traffic Falls of Neuse Road corridor, the property offers stoplight access for convenient entry and exit. It also provides quick connectivity to I-440 and I-540, supporting convenient commutes for employees and visitors. The surrounding area is characterized by major office tenants and retail centers, with an established, dense trade area nearby.
As an owner-user option or investment, this condo fits medical, legal, financial, or consulting users who need a dedicated office setting and on-site parking. The configuration supports a range of professional workflows, from meetings in the reception/conference area to separate work in the private offices, while the private bathroom and kitchen help accommodate daily operations.
Key Highlights
- 900 SF second‑floor office condo built in 1981
- Flexible interior layout with reception/conference area, two large private offices, kitchen, storage, and private bathroom
- Multiple windows for natural light throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,468
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$249,360
$249.4K
Cap Rate 7%
$178,114
$178.1K
Cap Rate 9%
$138,533
$138.5K
Market Conditions
NOI Build-Up for 900 SF
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.
Gross rent
$20.0K $22.20/SF
− Vacancy
−$3.4K −$3.73/SF
EGI
$16.6K $18.47/SF
− OpEx
−$4.2K −$4.62/SF
NOI
$12.5K $13.85/SF
Area
Raleigh, NC
Vacancy
16.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$249,360
Cap Rate 7%
$178,114
Cap Rate 9%
$138,533
Alternative Uses
Best Use
Office B
$178.1K
$155.9K – $207.8K
NOI $12,468 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$247.3K
$216.4K – $288.6K
NOI $17,314 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office condo with private bath, two offices, and on-site parking along a high-traffic corridor.
Where is this office units located?
The property is located at 1100 LOGGER CT STE A102 Raleigh, NC.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 900 SF second‑floor office condo built in 1981; Flexible interior layout with reception/conference area, two large private offices, kitchen, storage, and private bathroom; Multiple windows for natural light throughout
