Office Suite with Multiple
For Sale
$574,999
6512 Six Forks Road, Raleigh, NC 27615
Office suite featuring five offices, two bathrooms, a foyer, and an updated break area with granite counters and stainless appliances.
Property Size2,083 SF
Price / SF$276.04
Days on Market161
Property Features for 6512 Six Forks Road
General Information
Standard status
Active
Size
2,083 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,357
Amenities
Central Air
3
4 Parking Spaces.
.00
Building Details
Year Built
1983
Listing Agency:
Imagination Homes LLC
(919) 602-2765
Listed By:
Alex Rivers · License #246977
(919) 602-2765
Source:
Xome
Added: Feb 27
Changed: Aug 7
Last Checked: Aug 7 at 1:23AM
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 Imagination Homes LLC
Investment Insights
Based on property information with market context.
Located in Pembroke Square, this office suite is configured with five offices, two bathrooms, and an entry foyer. Interior finishes include chair molding and crown molding, recessed lighting, and 2-inch blinds. The updated break area features new cabinetry, granite countertops, stainless steel appliances, and brush nickel fixtures, and the suite is equipped with a security system.
The property offers plenty of parking and easy access to I-440, I-540, and downtown for convenient arrivals and daily commuting.
Ideal for professionals seeking a multi-room office setup, the layout supports separate workspaces along with dedicated restroom access and a dedicated break area for day-to-day use.
The property offers plenty of parking and easy access to I-440, I-540, and downtown for convenient arrivals and daily commuting.
Ideal for professionals seeking a multi-room office setup, the layout supports separate workspaces along with dedicated restroom access and a dedicated break area for day-to-day use.
Key Highlights
- Office suite with 5 offices and 2 bathrooms
- Updated break area with new cabinets, granite countertops, and stainless steel appliances
- Central air cooling and security system included
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
$27,309
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
4.75%
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%
$546,180
$546.2K
Cap Rate 7%
$390,129
$390.1K
Cap Rate 9%
$303,433
$303.4K
Market Conditions
NOI Build-Up for 2,083 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
$46.7K $22.44/SF
− Vacancy
−$10.3K −$4.96/SF
EGI
$36.4K $17.48/SF
− OpEx
−$9.1K −$4.37/SF
NOI
$27.3K $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%
$546,180
Cap Rate 7%
$390,129
Cap Rate 9%
$303,433
Alternative Uses
Best Use
Office B
$390.1K
$341.4K – $455.2K
NOI $27,309 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.4K
$493.0K – $657.3K
NOI $39,440 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,201
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
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Frequently Asked Questions
What type of property is this?
Office units - Office suite featuring five offices, two bathrooms, a foyer, and an updated break area with granite counters and stainless appliances.
Where is this office units located?
The property is located at 6512 Six Forks Road Raleigh, NC.
What is the asking price?
The asking price for this property is $574,999.
What are key features of this property?
This property features: Office suite with 5 offices and 2 bathrooms; Updated break area with new cabinets, granite countertops, and stainless steel appliances; Central air cooling and security system included
