Office Condo
8801 Fast Park Dr. Ste 117 Raleigh, NC 27617
8801 Fast Park Dr. Ste 117, Raleigh, NC, 27617
$620,000
For Sale
$620,000
Well-maintained 1,879 RSF office condo in a professionally managed building with monthly dues that include water.
Property Size1,879 SF
Price / SF$329.96
Days on Market115
Property Features for 8801 Fast Park Dr. Ste 117
General Information
- Standard status
- Active
- Size
- 1,879 SF
- Property subtype
- Multi Tenant Office
Building Details
- Year Built
- 2008
Listing agency
SVN Raleigh
(919) 455-1284
Listed by
Marci Robertson
(919) 455-1284
Source
Thebrokerlist
Added: Mar 31 Updated: Jul 21 at 8:44PM Checked: Jul 22 at 2:11AM
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
Investment Insights
Based on property information with market context.
Suite 117 is a well-maintained office condominium in a professionally managed building constructed in 2009. The space offers approximately 1,879 rentable square feet and is part of a two-unit office condo configuration. Monthly dues are $557.77 and include water, helping streamline operating costs. The condominium also benefits from original roof and HVAC systems that have been well maintained.
The property is located at 8801 Fast Park Dr. in Wake County, Raleigh, and sits within a modern office development. The listing notes convenient access to the broader Wake County business landscape, with proximity to Research Triangle Park and RDU International Airport.
The building is identified as zoned IX-3, and the annual tax bill is $4,391.66. Suite 101 is also available for sale within the same condo building.
The property is located at 8801 Fast Park Dr. in Wake County, Raleigh, and sits within a modern office development. The listing notes convenient access to the broader Wake County business landscape, with proximity to Research Triangle Park and RDU International Airport.
The building is identified as zoned IX-3, and the annual tax bill is $4,391.66. Suite 101 is also available for sale within the same condo building.
Key Highlights
- Approximately 1,879 RSF office condominium in a professionally managed building
- Monthly dues of $557.77 include water, helping streamline operating expenses
- Original roof and HVAC systems have been well maintained
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.7k | $22.20 |
| − Vacancy | −$7.0k | −$3.73 |
| EGI | $34.7k | $18.47 |
| − OpEx | −$8.7k | −$4.62 |
| NOI | $26.0k | $13.85 |
1,879 SF · lease $22.20/SF/yr · vacancy 16.80% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Future Electronics
Electronics & Wireless Store
CARDINAL GROUP MARKETING
Marketing & Advertising
PMI Triangle
Property Management Company
Jimenez Law / Abogado ...
Law Firm
WebPappy Inc.
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-maintained 1,879 RSF office condo in a professionally managed building with monthly dues that include water.
Where is this office units 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: Approximately 1,879 RSF office condominium in a professionally managed building; Monthly dues of $557.77 include water, helping streamline operating expenses; Original roof and HVAC systems have been well maintained
