Office Unit with Updated Break
For Sale
$574,999
6512 Six Forks Road, Raleigh, NC 27615
Commercial Sale, Raleigh, NC
Property Size2,083 SF
Price / SF$276.04
Days on Market207
Property Features for 6512 Six Forks Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OX-3
Parking
4
Security features
Security
Exterior features
Smart Lock(s)
Appliances
Stainless Steel Appliance(s)
Standard status
Active
APN
1707618865
Size
2,083 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PEMBROKE SQUARE CONDO BLD3 UN303B & A
Tax Annual Amount
3357
Legal Description
PEMBROKE SQUARE CONDO BLD3 UN303B & A
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
Entry Foyer
Chair molding
crown molding
Recessed lighting
updated break area with new cabinets
granite counter tops
Stainless Steel appliances
brush nickle fixtures
2-inch Blinds
Security system
Building Details
Year built
1983
Floors in Building
2
Building materials
Brick
Listing Agency:
Imagination Homes LLC
Listed By:
Alex Rivers · License #246977
(919) 602-2765
Added: Mar 9
Changed: Aug 31
Last Checked: Oct 1 at 7:06PM
MLS# 10151414
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 2,083-square-foot office unit at Pembroke Square was built in 1983 and is arranged with 5 offices, 2 bathrooms, and an entry foyer. Interior details include chair and crown molding, recessed lighting, window blinds, and a security system. The break area has been refreshed with new cabinetry, granite countertops, stainless steel appliances, and brushed nickel fixtures. Brick construction, central air, heat-pump heating, and a smart lock are also included.
The property is located at 6512 Six Forks Road in Raleigh, with access to I-440, I-540, and downtown. Parking is available, and the property is served by public sewer. Zoning is OX-3.
The property is located at 6512 Six Forks Road in Raleigh, with access to I-440, I-540, and downtown. Parking is available, and the property is served by public sewer. Zoning is OX-3.
Key Highlights
- 2,083‑square‑foot office unit at Pembroke Square
- Five offices, two bathrooms, and an entry foyer
- Updated break area with new cabinets, granite countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,309
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$546,180
$546.2K
Cap Rate 7%
$390,129
$390.1K
Cap Rate 9%
$303,433
$303.4K
Market Conditions
NOI Build-Up for 2,083 SF
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.
Gross rent
$46.7K $22.44/SF
− Vacancy
−$10.3K −$4.96/SF
EGI
$36.4K $17.48/SF
− OpEx
−$9.1K −$4.37/SF
NOI
$27.3K $13.11/SF
Area
ZIP 27615
Vacancy
22.10%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$546,180
Cap Rate 7%
$390,129
Cap Rate 9%
$303,433
Alternative Uses
Best Use
Office B
$390.1K
$341.4K – $455.2K
NOI $27,309 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.4K
$493.0K – $657.3K
NOI $39,440 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
Explore this area
Business Placement
Demographics for 27615, NC
43,010
Population
20,681
Households
2.1
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
18.9 sq mi
ZIP Area
2,276
Density / Sq Mi
$107,051
Median Household Income
$60,661
Median Earnings
$1,533
Median Rent
$441,100
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
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Frequently Asked Questions
What type of property is this?
Office units - Configured office suite with multiple private rooms, refreshed employee amenities, and convenient regional highway access.
Where is this office units located?
The property is located at 6512 Six Forks Road Raleigh, NC.
What is the asking price?
The asking price for this property is $574,999.
What are key features of this property?
This property features: 2,083‑square‑foot office unit at Pembroke Square; Five offices, two bathrooms, and an entry foyer; Updated break area with new cabinets, granite countertops, and stainless steel appliances
