Ground-Floor Office Condo
7406 Chapel Hill Road Suite K Cary, NC 27513
7406 Chapel Hill Road Suite K, Cary, NC, 27513
Contact for pricing
For Sale
Contact for pricing
Well-maintained 1,125 SF office condominium with ground-floor access and recent capital improvements.
Property Size1,125 SF
Price / SF$226.67
Days on Market15
Property Features for 7406 Chapel Hill Road Suite K
General Information
- Standard status
- Active
- Size
- 1,125 SF
- Property subtype
- Office
Listing agency
SVN Raleigh
Listed by
Ren Powell · License #364197
Source
Crexi
Added: Jul 7 Updated: Jul 20 at 10:30PM Checked: Jul 21 at 8:05AM
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.
This well-maintained office condominium, Suite K, offers approximately 1,125 SF of professional office space and is presented as move-in ready. The ground-floor layout is designed for flexible professional use and includes recent capital improvements such as a new building roof, updated foyer finishes, repaired and freshly painted window frames, and a newer HVAC system that is professionally serviced twice each year.
The property is located at 7406 Chapel Hill Road in Cary, NC, and is zoned OI (Office & Institutional). It provides convenient ground-floor access and is described as having no pending assessments and low monthly operating costs.
The space is maintained with an emphasis on operational continuity and readiness for an office tenant or owner-user.
The property is located at 7406 Chapel Hill Road in Cary, NC, and is zoned OI (Office & Institutional). It provides convenient ground-floor access and is described as having no pending assessments and low monthly operating costs.
The space is maintained with an emphasis on operational continuity and readiness for an office tenant or owner-user.
Key Highlights
- Well‑maintained 1,125 SF office condominium at 7406 Chapel Hill Road, Suite K, with ground‑floor access
- Zoned OI (Office & Institutional) and laid out for a variety of professional office uses
- Priced at $255,000 ($226.67 PSF)
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 | $33.8k | $30.00 |
| − Vacancy | −$7.4k | −$6.55 |
| EGI | $26.4k | $23.45 |
| − OpEx | −$6.6k | −$5.86 |
| NOI | $19.8k | $17.59 |
1,125 SF · lease $30.00/SF/yr · vacancy 21.83% · expense 25.00%
Alternative Uses
Best Use
Office B
$282.7K
$247.3K – $329.8K
NOI $19,787 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.8K
$275.4K – $367.3K
NOI $22,035 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Center for Psychological and Family ...
Physician
Acupuncture For Harmoney
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-maintained 1,125 SF office condominium with ground-floor access and recent capital improvements.
Where is this office units located?
The property is located at 7406 Chapel Hill Road Suite K Cary, NC.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Well‑maintained 1,125 SF office condominium at 7406 Chapel Hill Road, Suite K, with ground‑floor access; Zoned OI (Office & Institutional) and laid out for a variety of professional office uses; Priced at $255,000 ($226.67 PSF)
