Salon-Configured Spa
8524 Six Forks Road, Raleigh, NC 27615
For Sale
New
$205,000
Two private rooms and a shampoo bowl are in place for salon use.
Property Size532 SF
Price / SF$385.34
Days on Market4
Property Features for 8524 Six Forks Road
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Condition
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Carpet Flooring
Central Air Cooling
Central Heating
Laminate Flooring
Building Details
Year Built
Listing Agency:
SVN | RALEIGH
(919) 896-6497
Listed By:
JOHN POWELL · License NC #128924
(919) 422-1612
Source:
Corcoran
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:47PM
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
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Investment Insights
Based on property information with market context.
This 532-square-foot spa and wellness condo contains two private rooms, a bathroom, and a shampoo bowl. The layout also has room for a third or fourth chair. A kitchenette includes a refrigerator and microwave, and a tankless water heater supplies additional hot water. The building dates to 2004.
Located at 8524 Six Forks Road in Raleigh, the property is presented as a salon suite with on-site parking.
Located at 8524 Six Forks Road in Raleigh, the property is presented as a salon suite with on-site parking.
Key Highlights
- 532‑square‑foot office condo
- Two private rooms, bathroom, and shampoo bowl
- Space for a third or fourth chair
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,975
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$139,500
$139.5K
Cap Rate 7%
$99,643
$99.6K
Cap Rate 9%
$77,500
$77.5K
Market Conditions
NOI Build-Up for 532 SF
Gross rent
$11.9K $22.44/SF
− Vacancy
−$2.6K −$4.96/SF
EGI
$9.3K $17.48/SF
− OpEx
−$2.3K −$4.37/SF
NOI
$7.0K $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 Rate 5%
$139,500
Cap Rate 7%
$99,643
Cap Rate 9%
$77,500
Alternative Uses
Best Use
Office B
$99.6K
$87.2K – $116.3K
NOI $6,975 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$143.9K
$125.9K – $167.9K
NOI $10,073 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,046
Businesses Nearby
Well-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Soma Wellness Collective — 920 Paverstone Dr, Raleigh, NC 27615
- Origin Complete Medicine — 920 Paverstone Dr suite a 1st floor, Raleigh, NC 27615
- Salud Natural Wellness Center Inc — 8364 Six Forks Rd STE 101, Raleigh, NC 27615
- Blueprint Thermography — 8364 Six Forks Rd STE 101, Raleigh, NC 27615
- To Your Health Colon Hydrotherapy — 8364 Six Forks Rd STE 101, Raleigh, NC 27615
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Two private rooms and a shampoo bowl are in place for salon use.
Where is this spa & wellness property located?
The property is located at 8524 Six Forks Road Raleigh, NC.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 532‑square‑foot office condo; Two private rooms, bathroom, and shampoo bowl; Space for a third or fourth chair
