Leased Office Building Investment
For Sale
$7,250,000
6300-6310 Chapel Hill Road, Raleigh, NC 27607
97% leased office building with long-term tenants and stable income.
Property Size30,613 SF
Price / SF$236.83
Days on Market253
Property Features for 6300-6310 Chapel Hill Road
General Information
Standard status
Active
Size
30,613 SF
Property subtype
Office
Building Details
Year Built
2002
Listing Agency:
(919) 422-9482
Listed By:
Jay Taylor, CCIM
(919) 422-9482
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 1 at 6:01AM
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 Jay Taylor, CCIM
Investment Insights
Based on property information with market context.
West Mill Office Center presents an opportunity to acquire a 30,613 square foot, multi-tenant office building. The property is 97% leased and anchored by Bass, Nixon & Kennedy, Inc., and the Autism Society of North Carolina. Bass, Nixon & Kennedy, Inc. has been an occupant since the building's construction in 2002, while the Autism Society of North Carolina has been in place since 2010, and recently renewed their lease for an additional seven years. The anchor tenants occupy 87% of the gross leasable area, with lease terms running through 2032. The property has a weighted average lease expiry (WALE) of 6.67 years. Located at the gateway between Raleigh and Cary, the property is positioned just off Interstate 40, providing access to employment centers, RDU Airport, and Downtown Raleigh within a 15-minute drive. The property is near the Fenton mixed-use destination, which is delivering over 2.5 million square feet of retail, office, residential, and hospitality space. The Lenovo Center District, directly to the north, has a Phase I plan for 200,000 square feet of entertainment and lifestyle retail, along with apartments and a hotel. The long-term vision for this district calls for over 3 million square feet over the next 10-15 years. Downtown Cary is also nearby and undergoing new development, including apartments, office space and dining, anchored by the 7-acre downtown Cary Park.
Key Highlights
- 97% leased multi‑tenant office asset providing immediate and stable cash flow.
- Anchored by long‑term tenants with a history of occupancy since 2002 and 2010 respectively, ensuring tenant stability.
- Strategic location at the gateway between Raleigh and Cary, offering exceptional connectivity and visibility.
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 | $679.6k | $22.20 |
| − Vacancy | −$114.2k | −$3.73 |
| EGI | $565.4k | $18.47 |
| − OpEx | −$141.4k | −$4.62 |
| NOI | $424.1k | $13.85 |
30,613 SF · lease $22.20/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.06M
$5.30M – $7.07M
NOI $424,076 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.41M
$7.36M – $9.82M
NOI $588,918 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
Business Placement
Demographics for 27607, NC
27,182
Population
10,698
Households
2.5
Avg Household Size
27
Median Age
71%
College-Educated
96%
High-School Grad
17.4 sq mi
ZIP Area
1,562
Density / Sq Mi
$95,216
Median Household Income
$49,365
Median Earnings
$1,529
Median Rent
$639,200
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 building - 97% leased office building with long-term tenants and stable income.
Where is this office building located?
The property is located at 6300-6310 Chapel Hill Road Raleigh, NC.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: 97% leased multi‑tenant office asset providing immediate and stable cash flow.; Anchored by long‑term tenants with a history of occupancy since 2002 and 2010 respectively, ensuring tenant stability.; Strategic location at the gateway between Raleigh and Cary, offering exceptional connectivity and visibility.
