Office Condominium with Conference
3130 Fairhill Drive Suite 106, Raleigh, NC 27612
For Sale
$500,000
Efficient suite layout includes enclosed offices, workstations, a break area, and available furniture.
Property Size1,522 SF
Price / SF$351.12
Days on Market94
Property Features for 3130 Fairhill Drive Suite 106
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Office Units
Building Details
Building Size
Listed By:
Emma Lantz
(252) 292-9242
Source:
Svn
Added: Aug 8
Changed: Nov 8
Last Checked: Nov 8 at 3:09AM
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 Emma Lantz
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Investment Insights
Based on property information with market context.
This 1,424-square-foot office condominium at Glenwood Office Commons offers a practical layout for professional or medical office use. The suite contains a conference room, break area, 2 enclosed offices, and multiple workstations. Furniture may be included in the sale, and the space has been professionally maintained.
The property provides access to US-70, I-440, and I-540, with RDU International Airport, Downtown Raleigh, Crabtree Valley Mall, and Pleasant Valley Shopping Center described as minutes away. On-site parking and maintained common areas support daily business operations.
The configuration may suit an owner-user, professional service firm, medical practice, consulting operation, specialty service user, or investor seeking office condominium ownership.
The property provides access to US-70, I-440, and I-540, with RDU International Airport, Downtown Raleigh, Crabtree Valley Mall, and Pleasant Valley Shopping Center described as minutes away. On-site parking and maintained common areas support daily business operations.
The configuration may suit an owner-user, professional service firm, medical practice, consulting operation, specialty service user, or investor seeking office condominium ownership.
Key Highlights
- 1,424‑square‑foot office condominium at Glenwood Office Commons
- Suite includes a conference room, break area, 2 enclosed offices, and multiple workstations
- Furniture may be included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,726
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,520
$394.5K
Cap Rate 7%
$281,800
$281.8K
Cap Rate 9%
$219,178
$219.2K
Market Conditions
NOI Build-Up for 1,424 SF
Gross rent
$31.6K $22.20/SF
− Vacancy
−$5.3K −$3.73/SF
EGI
$26.3K $18.47/SF
− OpEx
−$6.6K −$4.62/SF
NOI
$19.7K $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 Rate 5%
$394,520
Cap Rate 7%
$281,800
Cap Rate 9%
$219,178
Alternative Uses
Best Use
Office B
$281.8K
$246.6K – $328.8K
NOI $19,726 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$391.3K
$342.4K – $456.6K
NOI $27,394 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Explore this area
Business Placement
Demographics for 27612, NC
39,576
Population
21,582
Households
1.8
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
16.6 sq mi
ZIP Area
2,384
Density / Sq Mi
$95,565
Median Household Income
$57,216
Median Earnings
$1,544
Median Rent
$481,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Efficient suite layout includes enclosed offices, workstations, a break area, and available furniture.
Where is this office unit located?
The property is located at 3130 Fairhill Drive Suite 106 Raleigh, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,424‑square‑foot office condominium at Glenwood Office Commons; Suite includes a conference room, break area, 2 enclosed offices, and multiple workstations; Furniture may be included in the sale
