Modern Office Space For
For Sale
$620,000
8801 Fast Park Dr. Ste 117, Raleigh, NC 27617
Well-maintained office space with contemporary finishes and prime location.
Property Size32,513 SF
Price / SF$329.96
Days on Market207
Property Features for 8801 Fast Park Dr. Ste 117
General Information
Standard status
Active
Size
32,513 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
32,513 SF
Year Built
2008
Listing Agency:
SVN Raleigh
Listed By:
Marci Robertson
(919) 455-1284
Source:
Thebrokerlist
Added: Mar 27
Changed: Oct 12
Last Checked: Oct 19 at 3:15AM
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 SVN Raleigh
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 8801 Fast Park Drive offers office space featuring contemporary finishes and solid core doors. The building's exterior is constructed with attractive masonry. Elevator access is available, along with suite signage and an electronic building directory. The location provides access to I-40 and RDU International Airport, near the intersection of the I-540 Beltline and Hwy 70 (Glenwood Ave.). The property is situated in a desirable area of Raleigh and comprises 1879 square feet.
Key Highlights
- Prime location near I‑540 and Hwy 70 (Glenwood Ave.) offering quick access to I‑40 and RDU International Airport.
- Sophisticated, contemporary finishes and attractive masonry exterior.
- Elevator access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,029
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,580
$520.6K
Cap Rate 7%
$371,843
$371.8K
Cap Rate 9%
$289,211
$289.2K
Market Conditions
NOI Build-Up for 1,879 SF
Gross rent
$41.7K $22.20/SF
− Vacancy
−$7.0K −$3.73/SF
EGI
$34.7K $18.47/SF
− OpEx
−$8.7K −$4.62/SF
NOI
$26.0K $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%
$520,580
Cap Rate 7%
$371,843
Cap Rate 9%
$289,211
Alternative Uses
Best Use
Office B
$371.8K
$325.4K – $433.8K
NOI $26,029 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$516.4K
$451.8K – $602.5K
NOI $36,147 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
Explore this area
Business Placement
Demographics for 27617, NC
20,968
Population
10,522
Households
2
Avg Household Size
36
Median Age
63%
College-Educated
98%
High-School Grad
8.3 sq mi
ZIP Area
2,526
Density / Sq Mi
$109,991
Median Household Income
$69,203
Median Earnings
$1,679
Median Rent
$448,300
Median Home Value
Check the figures for this property
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 - Well-maintained office space with contemporary finishes and prime location.
Where is this office unit located?
The property is located at 8801 Fast Park Dr. Ste 117 Raleigh, NC.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Prime location near I‑540 and Hwy 70 (Glenwood Ave.) offering quick access to I‑40 and RDU International Airport.; Sophisticated, contemporary finishes and attractive masonry exterior.; Elevator access.
