Renovated Second-Floor Office
For Sale
$199,999
Pending
111 Windel Drive, Raleigh, NC 27609
COMMERCIAL - Raleigh, NC
Property Size526 SF
Lot Size1.23 Acres
Days on Market94
Property Features for 111 Windel Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Special listing conditions
Real Estate Owned
Standard status
Pending
Size
526 SF
Lot size
1.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WINDELL COMMONS II CONDO UN111-217
Tax Annual Amount
1423
Legal Description
WINDELL COMMONS II CONDO UN111-217
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Water source
Public
Building Details
Year built
1999
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
eXp Realty, LLC - C
(888) 584-9431
Listed By:
Gabie Lambrechtse · License #351446
(919) 656-4019
Added: May 1
Changed: Jul 23
Last Checked: Aug 2 at 1:06AM
MLS# 10164324
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This recently renovated second-floor office suite is offered for sale as a turnkey professional space. The layout includes two private offices, a reception area, a half bathroom, and a small kitchenette. Updates throughout include new flooring, fresh paint, modern windows, and updated light fixtures.
The property is located on Windel Drive in Raleigh, NC, about one block from the major intersection of Six Forks and Millbrook. The listing notes a new roof completed in 2023.
The building is described as having no elevator, and the suite is positioned on the second floor.
The property is located on Windel Drive in Raleigh, NC, about one block from the major intersection of Six Forks and Millbrook. The listing notes a new roof completed in 2023.
The building is described as having no elevator, and the suite is positioned on the second floor.
Key Highlights
- Prime location: One block from the major intersection of Six Forks and Millbrook.
- Recently renovated: Includes new flooring, fresh paint, modern windows, and updated light fixtures.
- New Roof in 2023
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 | $11.7k | $22.20 |
| − Vacancy | −$2.0k | −$3.73 |
| EGI | $9.7k | $18.47 |
| − OpEx | −$2.4k | −$4.62 |
| NOI | $7.3k | $13.85 |
526 SF · lease $22.20/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$104.1K
$91.1K – $121.5K
NOI $7,287 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$144.6K
$126.5K – $168.7K
NOI $10,119 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 27609, NC
36,218
Population
19,740
Households
1.8
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
3,323
Density / Sq Mi
$81,538
Median Household Income
$53,670
Median Earnings
$1,393
Median Rent
$441,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Turnkey second-floor office suite with private offices, reception area, and kitchenette, recently renovated with new flooring and fixtures.
Where is this office units located?
The property is located at 111 Windel Drive Raleigh, NC.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Prime location: One block from the major intersection of Six Forks and Millbrook.; Recently renovated: Includes new flooring, fresh paint, modern windows, and updated light fixtures.; New Roof in 2023
