Office Condo with Private
154 Mine Lake Court Suite 200, Raleigh, NC 27615
For Sale
Contact for pricing
A second-floor suite includes a reception area, open lobby, and private restroom.
Property Size950 SF
Price / SF$293.68
Days on Market8
Property Features for 154 Mine Lake Court Suite 200
General Information
Standard status
Size
Property subtype
Space & Availability
Floor
Condition
Site & Location
Neighborhood
Highway Access
Additional Details
Asking Price
Property Use
Listing Agency:
Insight Property Group Inc
Listed By:
Jimmy Woody · License NC #187870
(919) 369-1191
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 5:54PM
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 Insight Property Group Inc
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Investment Insights
Based on property information with market context.
This office condo provides approximately 950 SF on the second floor, accessed by stairs. Its layout includes a reception area, three private offices, an open lobby, and a private restroom. Entry signage is available, and parking is provided for staff and visitors.
The property is near Six Forks Road and I-540 in Raleigh, with retail, dining, and neighborhood amenities in the surrounding area. The suite is scheduled to become available November 1, 2026.
The property is near Six Forks Road and I-540 in Raleigh, with retail, dining, and neighborhood amenities in the surrounding area. The suite is scheduled to become available November 1, 2026.
Key Highlights
- Approximately 950 SF on the second floor
- Three private offices, reception area, open lobby, and private restroom
- Entry signage available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,455
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,100
$249.1K
Cap Rate 7%
$177,929
$177.9K
Cap Rate 9%
$138,389
$138.4K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$21.3K $22.44/SF
− Vacancy
−$4.7K −$4.96/SF
EGI
$16.6K $17.48/SF
− OpEx
−$4.2K −$4.37/SF
NOI
$12.5K $13.11/SF
Area
ZIP 27615
Vacancy
22.10%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,100
Cap Rate 7%
$177,929
Cap Rate 9%
$138,389
Alternative Uses
Best Use
Office B
$177.9K
$155.7K – $207.6K
NOI $12,455 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.0K
$224.8K – $299.8K
NOI $17,987 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,374
Businesses Nearby
Explore this area
Business Placement
Demographics for 27615, NC
43,010
Population
20,681
Households
2.1
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
18.9 sq mi
ZIP Area
2,276
Density / Sq Mi
$107,051
Median Household Income
$60,661
Median Earnings
$1,533
Median Rent
$441,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Raleigh, NC
Properties on Market for Office Units in Raleigh
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A second-floor suite includes a reception area, open lobby, and private restroom.
Where is this office unit located?
The property is located at 154 Mine Lake Court Suite 200 Raleigh, NC.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Approximately 950 SF on the second floor; Three private offices, reception area, open lobby, and private restroom; Entry signage available
