Multi-Unit Office
New
For Sale
Contact for pricing
8311 Bandford Way, Raleigh, NC 27615
Office units positioned near retail, dining, and service amenities with access from two major Raleigh roads.
Property Size4,544 SF
Price / SF$310
Days on Market7
Property Features for 8311 Bandford Way
General Information
Standard status
Active
Size
4,544 SF
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Units
3
Listing Agency:
Lee & Associates - Raleigh Durham
(919) 576-2504
Listed By:
Scott Hadley · License #NC 102540
Source:
Crexi
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 4 at 2:08PM
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 Lee & Associates - Raleigh Durham
Investment Insights
Based on property information with market context.
This office property comprises Units 3, 5, and 7 at 8311 Bandford Way, with a combined 4,544 square feet. The configuration is suited to professional and medical office users, providing a multi-unit format within an established commercial setting.
The property is located in Raleigh near the intersection of Creedmoor Road and Strickland Road, with access from both corridors. Creedmoor Centre is surrounded by retail, dining, and service amenities, supporting convenient day-to-day access for office occupants and visitors.
The property is located in Raleigh near the intersection of Creedmoor Road and Strickland Road, with access from both corridors. Creedmoor Centre is surrounded by retail, dining, and service amenities, supporting convenient day-to-day access for office occupants and visitors.
Key Highlights
- 4,544‑square‑foot office property comprising Units 3, 5, and 7
- Professional and medical office use potential
- Located near the intersection of Creedmoor Road and Strickland Road
Financial Insights For Healthcare Medical
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 | $117.2k | $25.80 |
| − Vacancy | −$12.7k | −$2.79 |
| EGI | $104.6k | $23.01 |
| − OpEx | −$41.8k | −$9.21 |
| NOI | $62.7k | $13.81 |
4,544 SF · lease $25.80/SF/yr · vacancy 10.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$896.3K
$784.3K – $1.05M
NOI $62,744 @ 7.0% cap · market cap 4.45%
Second Best
Office B
$851.1K
$744.7K – $992.9K
NOI $59,574 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,036 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
511
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 units positioned near retail, dining, and service amenities with access from two major Raleigh roads.
Where is this office units located?
The property is located at 8311 Bandford Way Raleigh, NC.
What is the asking price?
The asking price for this property is $1,408,640.
What are key features of this property?
This property features: 4,544‑square‑foot office property comprising Units 3, 5, and 7; Professional and medical office use potential; Located near the intersection of Creedmoor Road and Strickland Road
