Second-Floor Office
111 Windel Drive Unit 111 Raleigh, NC 27609
111 Windel Drive Unit 111, Raleigh, NC, 27609
$199,999
For Sale
$199,999
Turnkey, recently renovated suite with private offices, reception, kitchenette, and updated finishes.
Property Size526 SF
Price / SF$380.23
Days on Market131
Property Features for 111 Windel Drive Unit 111
General Information
- Standard status
- Active
- Size
- 526 SF
- Property subtype
- Office
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: Mar 7 Checked: Jul 16 at 5:12 am
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 second-floor office suite offers a professional, turnkey layout designed for day-to-day operations. The space includes two private offices, a reception area, a half bathroom, and a small kitchenette. Improvements reported with the renovation include new flooring, fresh paint, modern windows, and updated light fixtures throughout.
The property is located one block from the major intersection of Six Forks and Millbrook, providing convenient access to the surrounding business area. No elevator is available, which supports straightforward stair access for occupants and visitors.
For buyers seeking an immediately usable office environment, the configuration supports both client-facing work and internal private offices. The reception area helps manage visitor flow, while the kitchenette and half bathroom add practical convenience for employees and meetings. Reported exterior capital work includes a new roof in 2023, supporting the overall building’s upkeep.
The property is located one block from the major intersection of Six Forks and Millbrook, providing convenient access to the surrounding business area. No elevator is available, which supports straightforward stair access for occupants and visitors.
For buyers seeking an immediately usable office environment, the configuration supports both client-facing work and internal private offices. The reception area helps manage visitor flow, while the kitchenette and half bathroom add practical convenience for employees and meetings. Reported exterior capital work includes a new roof in 2023, supporting the overall building’s upkeep.
Key Highlights
- Recently renovated office suite on the second floor of a 1999‑built building
- Layout includes 2 private offices, a reception area, a half bathroom, and a small kitchenette
- Renovations include new flooring, fresh paint, modern windows, and updated light fixtures throughout
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Michelle Topal
Physician
English Sandy
Real Estate Agency
Patty Carter
Financial Advisor
Samsung Oriental Medical ...
Medical Clinic
Raw Beauty
Spa & Massage Center
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FAQs
What type of property is this?
Office units - Turnkey, recently renovated suite with private offices, reception, kitchenette, and updated finishes.
Where is this office units located?
The property is located at 111 Windel Drive Unit 111 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: Recently renovated office suite on the second floor of a 1999‑built building; Layout includes 2 private offices, a reception area, a half bathroom, and a small kitchenette; Renovations include new flooring, fresh paint, modern windows, and updated light fixtures throughout
