3396 Six Forks, Raleigh, NC 27609
Leased medical office condo with four exam rooms and dedicated procedure/lab space within a professionally managed office complex.
- Added:
- Nov 4, 2024
- Days on Market:
- 596
- Last Refresh:
- Jun 20 at 5:34 am
Property Features for 3396 Six Forks
General Information
- Standard status
- Active
- Size
- 3,128 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agent DOUGLAS GODWIN License #294888
Listing office ELMORE REALTY, LLC (910) 892-6900
Listing date Nov 4, 2024
Source Corcoran
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 ELMORE REALTY, LLC
HighLights
- 3,128 SF single‑story medical office condo leased and generating consistent cash flow
- Layout includes four exam rooms, waiting area, receptionist's desk, procedure/lab room, lunch area, and private provider's office
- Condo is located just off Six Forks Road within a professionally managed, well‑maintained office complex
- Built in 1986 and maintained for long‑term usability and appeal
- Convenient access near I‑440 and close to major retail/business hubs including North Hills, Creekside Crossing, and Midtown East
Overview
The condo is located within a professionally managed and well-maintained office complex just off Six Forks Road. It is positioned for convenient access to the surrounding retail and business destinations mentioned in the offering, including North Hills, Creekside Crossing, and Midtown East, with access to I-440 nearby.
For investors or owner-occupants, the property is currently leased and is described as generating consistent cash flow. The configuration supports a medical practice that needs exam rooms, an on-site procedure/lab function, and a reception-and-waiting flow for patients. As part of a maintained office complex, it offers an established setting for continuing medical use.
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Petfolk Veterinary & Urgent Care - North Hills — 631 E Six Forks Rd Suite 101, Raleigh, NC 27609
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6327673
- Latitude
- 35.8269386
