Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Raleigh Commercial Office Condominium Title is generated by Realmo AI

    3200 Fairhill Dr, Raleigh, NC 27612

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Well-located commercial office condominium in Raleigh, North Carolina.

    Type:Office
    Property size:
    4,600 SF
    Price / SF:
    $304/SF
    Added:
    Mar 10, 2026
    Days on Market:
    65
    Last Refresh:
    Mar 19 at 10:25 pm

    Property Features for 3200 Fairhill Dr

    General Information

    Standard status
    Active
    Size
    4,600 SF
    Property subtype
    Office

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Sam DiFranco Jr
    Sam DiFranco Jr

    Listing agent Sam DiFranco Jr License #NC 270959

    Listing office Rich Commercial Realty

    Listing date Mar 10, 2026

    Source Crexi

    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 Rich Commercial Realty

    HighLights

    • Well‑located commercial office condominium in Raleigh, North Carolina.
    • Functional office space suitable for professional, medical, or service‑oriented users.
    • Practical layout with a mix of private offices and collaborative workspace.
    • Strong accessibility to major transportation routes.
    • Ample parking and a professional environment.
    • Ideal for owner‑users seeking long‑term control of occupancy costs.

    Overview

    The property at 3200 Fairhill Drive is a commercial office condominium in Raleigh, North Carolina. It offers functional office space suitable for professional, medical, or service-oriented users seeking ownership. The suite features a practical layout designed to support efficient day-to-day operations, with a mix of private offices, collaborative workspace, and supporting areas. The property benefits from accessibility to major transportation routes, providing connectivity to surrounding Raleigh business districts, residential neighborhoods, and nearby amenities. Located within a professionally maintained office condominium development, the property provides ample parking and a professional environment for businesses serving the greater Raleigh market. The property size is 4600 square feet. This opportunity is ideal for owner-users seeking long-term control of occupancy costs or investors looking to acquire well-positioned office space in a growing market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carrie Geddie Photography Photography Service Sidhu Balwinder S ... Physician The Enclave Nursing Home Caring Matters Home ... Home Health Care Service Yeager Joyce L ... Accounting Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6978081
    Latitude
    35.8503645

    Nearby Similar for Sale

    • $3,900,000
      11,200 SF

      Modern Flex Building in Raleigh

      Built in 2021, suitable for industrial, office, retail.
      4550 Preslyn Drive, Raleigh, NC 27616
      View Details
    • $650,000
      1,890 SF

      Versatile Office/Flex Condo in Raleigh

      1,890 sq ft end-unit, ideal for various business uses.
      148 Annaron Court, Raleigh, NC 27603
      View Details
    • $895,000
      2,025 SF

      Raleigh Commercial Building Near Downtown

      2,025 SF commercial building near Downtown Raleigh for sale.
      405 Morson Street, Raleigh, NC 27601
      View Details
    • $199,999
      526 SF

      Renovated Office Suite For Sale

      Recently renovated office suite in a desirable Raleigh location.
      111 Windel Drive, Raleigh, NC 27609
      View Details
    • $975,000
      2,513 SF

      Updated Duplexes Near Downtown Raleigh

      Four updated units near Chavis Park, walkable to downtown.
      509 Cape Avenue, Raleigh, NC 27601
      View Details
    • $599,900
      2,083 SF

      Raleigh Office Suite For Sale

      Office suite with modern amenities and easy highway access.
      6512 Six Forks Road, Raleigh, NC 27615
      View Details
    • $370,000
      1,176 SF

      Furnished Office Condo in Raleigh

      Move-in ready office condo in a prime North Raleigh location.
      7000 Harps Mill Road, Raleigh, NC 27615
      View Details
    • $370,000
      1,182 SF

      Move-in Ready Office Condo

      Beautifully decorated, fully furnished office condo in prime location.
      7000 Harps Mill Road, Raleigh, NC 27615
      View Details
    • $425,000
      1,874 SF

      Raleigh Duplex: Investment Opportunity

      Fully occupied duplex in Raleigh with leases secured through next year.
      4925 Coral Ridge, Raleigh, NC 27616
      View Details
    • $525,000
      1,360 SF

      Raleigh Duplex with Development Potential

      Rental income property with redevelopment possibilities in downtown Raleigh.
      600 Sherrybrook Drive, Raleigh, NC 27610
      View Details
    • $525,000
      1,352 SF

      Raleigh Duplex with Development Potential

      Rental income property with redevelopment possibilities in downtown Raleigh.
      1511 Joe Louis Avenue, Raleigh, NC 27610
      View Details
    • $700,000
      3,408 SF

      Raleigh Multifamily Investment Opportunity

      Four-unit multifamily property on 1.24 acres in Raleigh.
      626 Maple Lane, Raleigh, NC 27603
      View Details

    FAQs

    What type of property is this?
    Office units - Well-located commercial office condominium in Raleigh, North Carolina.
    Where is this office units located?
    The property is located at 3200 Fairhill Dr Raleigh, NC.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: Well‑located commercial office condominium in Raleigh, North Carolina.; Functional office space suitable for professional, medical, or service‑oriented users.; Practical layout with a mix of private offices and collaborative workspace.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sam DiFranco Jr
    Sam DiFranco Jr
    Real Estate License ID: NC 270959
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3200 Fairhill Dr, Raleigh, NC 27612
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!