Ground-Level Office
For Sale
$189,900
8406 Six Forks Road Suite 101, Raleigh, NC 27615
Efficient office layout with private work areas, kitchenette, restroom, and direct parking access.
Property Size544 SF
Price / SF$349.08
Days on Market147
Property Features for 8406 Six Forks Road Suite 101
General Information
Standard status
Active
Size
544 SF
Property subtype
Office - General Office
Additional Details
Floor
Ground Floor
Asking Price
$189,900
Highway Access
Yes
Office Units
1
Building Details
Building Size
544 SF
Units
1
Listing Agency:
SVN | Raleigh
(919) 227-9943
Listed By:
Thomas Goodwin · License #288723
Source:
Commercialcafe
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 11:17AM
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 SVN | Raleigh
Investment Insights
Based on property information with market context.
Suite 101 is a ±544 SF ground-level office condo with a reception area, two private offices, kitchenette, and private restroom. Windows on two sides provide natural light, while parking is located directly in front of the unit. Recent and planned capital work includes a new roof completed in 2025 and HVAC replacement scheduled for 2026.
The property is at 8406 Six Forks Road, Suite 101, in Raleigh, NC 27615. Whole Foods and Panera are within walking distance, and I-540 is less than one mile away. The combination of a compact office configuration, on-site parking, and nearby retail services supports practical day-to-day office use.
The property is at 8406 Six Forks Road, Suite 101, in Raleigh, NC 27615. Whole Foods and Panera are within walking distance, and I-540 is less than one mile away. The combination of a compact office configuration, on-site parking, and nearby retail services supports practical day-to-day office use.
Key Highlights
- ±544 SF ground‑level office condo
- Reception area, two private offices, kitchenette, and private restroom
- Windows on two sides provide natural light
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
$7,132
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
3.76%
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%
$142,640
$142.6K
Cap Rate 7%
$101,886
$101.9K
Cap Rate 9%
$79,244
$79.2K
Market Conditions
NOI Build-Up for 544 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
$12.2K $22.44/SF
− Vacancy
−$2.7K −$4.96/SF
EGI
$9.5K $17.48/SF
− OpEx
−$2.4K −$4.37/SF
NOI
$7.1K $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%
$142,640
Cap Rate 7%
$101,886
Cap Rate 9%
$79,244
Alternative Uses
Best Use
Office B
$101.9K
$89.2K – $118.9K
NOI $7,132 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$147.1K
$128.8K – $171.7K
NOI $10,300 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,786
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
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 - Efficient office layout with private work areas, kitchenette, restroom, and direct parking access.
Where is this office units located?
The property is located at 8406 Six Forks Road Suite 101 Raleigh, NC.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: ±544 SF ground‑level office condo; Reception area, two private offices, kitchenette, and private restroom; Windows on two sides provide natural light
