Move-In Ready Office
5540 McNeely Drive Raleigh, NC 27612
5540 McNeely Drive, Raleigh, NC, 27612
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For Sale
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Condo suite offers five private offices plus reception, storage, and an in-suite kitchenette.
Property Size1,141 SF
Price / SF$325
Days on Market37
Property Features for 5540 McNeely Drive
General Information
- Standard status
- Active
- Size
- 1,141 SF
- Property subtype
- Office
Listing agency
Atlas Stark Holdings, LLC
Listed by
Trent Ragland · License #NC
Source
Crexi
Added: Jun 15 Updated: Jul 20 at 8:57PM Checked: Jul 21 at 6:37AM
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 Atlas Stark Holdings, LLC
Investment Insights
Based on property information with market context.
Move-in ready office condo measuring 1,141 SF, currently configured with five private offices, a reception area, built-in storage, and an in-suite kitchenette. The space is presented as an office suite within a condo structure and is suitable for an owner-occupant or tenant seeking a turn-key layout.
The property is located at 5540 McNeely Drive in Raleigh, NC. The listing notes OX-3 zoning.
This suite’s interior layout supports client-facing reception space alongside multiple enclosed offices, with kitchenette amenities in-unit for day-to-day use.
The property is located at 5540 McNeely Drive in Raleigh, NC. The listing notes OX-3 zoning.
This suite’s interior layout supports client-facing reception space alongside multiple enclosed offices, with kitchenette amenities in-unit for day-to-day use.
Key Highlights
- 1,141 SF office condo suite in West Raleigh listed for $370,825 ($325/SF)
- Suite layout includes five private offices plus a reception area
- Built‑in storage and an in‑suite kitchenette
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 | $25.3k | $22.20 |
| − Vacancy | −$4.3k | −$3.73 |
| EGI | $21.1k | $18.47 |
| − OpEx | −$5.3k | −$4.62 |
| NOI | $15.8k | $13.85 |
1,141 SF · lease $22.20/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$225.8K
$197.6K – $263.4K
NOI $15,806 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$313.6K
$274.4K – $365.8K
NOI $21,950 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sunshine Employment Resources
Employment Agency
Edward Jones - Financial ...
Financial Advisor
Edward Jones - Financial ...
Financial Advisor
A1 Lift Chairs
Furniture & Home Goods
The Commons of Duraleigh Ridge
Business Service Center
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FAQs
What type of property is this?
Office units - Condo suite offers five private offices plus reception, storage, and an in-suite kitchenette.
Where is this office units located?
The property is located at 5540 McNeely Drive Raleigh, NC.
What is the asking price?
The asking price for this property is $370,825.
What are key features of this property?
This property features: 1,141 SF office condo suite in West Raleigh listed for $370,825 ($325/SF); Suite layout includes five private offices plus a reception area; Built‑in storage and an in‑suite kitchenette
