Leased Office Building Investment
6300-6310 Chapel Hill Road, Raleigh, NC 27607
97% leased office building with long-term tenants and stable income.
Type:Office
Property size:
30,613 SFPrice / SF:
$236/SF- Added:
- Nov 21, 2025
- Days on Market:
- 181
- Last Refresh:
- Apr 6 at 12:05 am
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 agent Jay Taylor, CCIM (919) 233-8077
Listing office (919) 233-8077
Listing date Nov 21, 2025
Source Svn
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
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.
- Weighted Average Lease Expiry (WALE) of 6.67 years, minimizing near‑term rollover risk.
- Located in proximity to major transformative developments indicating strong long‑term submarket growth potential.
- Immediate access to I‑40, RDU Airport, and Downtown Raleigh, all within a 15‑minute drive.
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$4.71M
NOI $424,076 @ 9.00% cap · cautious / downside scenario
Moderate
$6.06M
NOI $424,076 @ 7.00% cap · market / base-case scenario
Aggressive
$8.48M
NOI $424,076 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.732
- Latitude
- 35.7903
Nearby Similar for Sale
FAQs
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.
