Second-Floor Office
For Sale
$199,999
111 Windel Drive, Raleigh, NC 27609
Recently renovated suite with two private offices, reception, and kitchenette, located on the second floor.
Property Size526 SF
Price / SF$380.23
Days on Market94
Property Features for 111 Windel Drive
General Information
Standard status
Active
Size
526 SF
Property subtype
Office
Amenities
2 private offices
Reception area
Half bathroom
Small kitchenette
Building Details
Year Built
1999
Listing Agency:
eXp Realty, LLC - C
(919) 656-4019
Listed By:
Gabie Lambrechtse · License #351446
(919) 656-4019
Source:
Xome
Added: Apr 29
Changed: Jul 22
Last Checked: Jul 30 at 3:56AM
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 eXp Realty, LLC - C
Investment Insights
Based on property information with market context.
This recently renovated office suite is located on the second floor and has been updated with new flooring, fresh paint, modern windows, and updated light fixtures throughout. The interior layout includes two private offices, a reception area, a half bathroom, and a small kitchenette. The building has also had a new roof installed as part of the recent improvements. The space is offered as a turnkey professional office without elevator access.
The suite is positioned one block from the major intersection of Six Forks and Millbrook, offering convenient access to the surrounding area.
With its enclosed offices and dedicated reception and service space, the configuration is well-suited for professional use where both privacy and client-facing space are needed.
The suite is positioned one block from the major intersection of Six Forks and Millbrook, offering convenient access to the surrounding area.
With its enclosed offices and dedicated reception and service space, the configuration is well-suited for professional use where both privacy and client-facing space are needed.
Key Highlights
- Second‑floor office suite with two private offices, reception area, half bathroom, and small kitchenette
- Recently renovated with new flooring, fresh paint, modern windows, and updated light fixtures throughout
- Located one block from the Six Forks and Millbrook intersection
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
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
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Frequently Asked Questions
What type of property is this?
Office units - Recently renovated suite with two private offices, reception, and kitchenette, located on the second floor.
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: Second‑floor office suite with two private offices, reception area, half bathroom, and small kitchenette; Recently renovated with new flooring, fresh paint, modern windows, and updated light fixtures throughout; Located one block from the Six Forks and Millbrook intersection
