Office Unit With Private
For Sale
Contact for pricing
172-200 Mine Lake Court, Raleigh, NC 27615
End-unit office layout includes reception, private offices, a restroom, and dedicated work space.
Property Size1,000 SF
Price / SF$295
Days on Market63
Property Features for 172-200 Mine Lake Court
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Office
Additional Details
Floor
2
Building Details
Stories
2
Listing Agency:
Insight Property Group Inc
Listed By:
Jimmy Woody · License #NC-187870
(919) 369-1191
Source:
Crexi
Added: Aug 18
Changed: Oct 15
Last Checked: Oct 19 at 3:54AM
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 approximately 1,000-square-foot office unit is configured as an end suite on the second floor with walk-up access. The efficient layout includes a reception area, three private offices, a restroom, and a separate work area. End-unit positioning provides natural light, while entry signage and on-site parking support daily business operations.
The property is located at 172-200 Mine Lake Court in Raleigh, North Carolina.
The property is located at 172-200 Mine Lake Court in Raleigh, North Carolina.
Key Highlights
- Approximately 1,000 SF office unit in an end‑suite configuration
- Second‑floor walk‑up access
- Layout includes reception, 3 private offices, restroom, and work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,111
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,220
$262.2K
Cap Rate 7%
$187,300
$187.3K
Cap Rate 9%
$145,678
$145.7K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$22.4K $22.44/SF
− Vacancy
−$5.0K −$4.96/SF
EGI
$17.5K $17.48/SF
− OpEx
−$4.4K −$4.37/SF
NOI
$13.1K $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%
$262,220
Cap Rate 7%
$187,300
Cap Rate 9%
$145,678
Alternative Uses
Best Use
Office B
$187.3K
$163.9K – $218.5K
NOI $13,111 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.5K
$236.7K – $315.6K
NOI $18,934 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - End-unit office layout includes reception, private offices, a restroom, and dedicated work space.
Where is this office unit located?
The property is located at 172-200 Mine Lake Court Raleigh, NC.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Approximately 1,000 SF office unit in an end‑suite configuration; Second‑floor walk‑up access; Layout includes reception, 3 private offices, restroom, and work area
