Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6115 Chapel Hl Rd Raleigh, NC 27607-5111

    • Manufacturing properties
    • 40,840 SF
    • 9.92 lot acres
    OFF-MARKET
    Value Estimations
    $2,990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2053273
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Contech Engineered Solutions / Factory / Metal Fabrication Plant

    Property Details for 6115 Chapel Hl Rd

    Year built
    1954
    Construction
    METAL FRAME
    Lot size
    9.92 lot acres
    Property size
    40,840 SF
    Zone code
    IX-3
    Property type
    Manufacturing properties
    APN
    0784.17-01-4834 0002148
    APU
    784170148340002148

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,705,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7288
    Latitude
    35.788
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $43,756
    $3,268,044
    $746,246
    $4,014,290
    -
    $3,268,044
    $746,246
    $4,014,290

    Comparable in this City

    • Value Estimation
      $1,530,000
      16,092 SF

      1301 Blue Rdg Rd

      HEAVY MANUFACTURING • 16,092 SF
      1301 Blue Rdg Rd, Raleigh, NC 27607-3946
      View Details
    • Value Estimation
      $2,615,000
      43,960 SF

      3301 Hillsborough St

      MANUFACTURING (LIGHT) • 43,960 SF
      3301 Hillsborough St, Raleigh, NC 27607-5404
      View Details
    • Value Estimation
      $1,585,000
      5,650 SF

      1012 Trinity Rd

      MANUFACTURING (LIGHT) • 5,650 SF
      1012 Trinity Rd, Raleigh, NC 27607-4942
      View Details
    • Value Estimation by Request
      2,797 SF

      3215 Wade Ave

      MANUFACTURING (LIGHT) • 2,797 SF
      3215 Wade Ave, Raleigh, NC 27607
      View Details
    • Value Estimation by Request
      3,100 SF

      511 Nowell Rd

      MANUFACTURING (LIGHT) • 3,100 SF
      511 Nowell Rd, Raleigh, NC 27607-5123
      View Details
    • Value Estimation by Request
      5,116 SF

      415 Royal St

      MANUFACTURING (LIGHT) • 5,116 SF
      415 Royal St, Raleigh, NC 27607-5457
      View Details

    Similar Nearby for Sale

    • $1,250,000
      Pending

      Raleigh Redevelopment Opportunity

      Prime downtown location near Village District with income potential.
      400 Chamberlain St, Raleigh, NC 27607
      View Details
    • $1,595,000

      Historic Multifamily Building in Raleigh

      Four-unit multifamily property near NC State and Downtown Raleigh.
      300 Horne St, Raleigh, NC 27607
      View Details
    • $356,000
      Pending

      Prime Land Near NC Fairgrounds

      Two adjacent parcels ideal for development near NC State Fairgrounds.
      103 Gary St, Raleigh, NC 27607
      View Details
    • Contact for pricing

      Cary Land Subdivision Opportunity

      0.66-acre lot zoned R-12, potential for subdivision.
      6200 Blanche Dr, Raleigh, NC 27607
      View Details
    • Contact for pricing

      Residential Land in Prime Location

      0.41-acre lot with potential to build custom dream house.
      3304 Red Bud St, Raleigh, NC 27607
      View Details
    • $1,250,000
      Pending

      Prime Land Near NC State

      Investment opportunity near NC State University with redevelopment potential.
      3010 Burrell Pl, Raleigh, NC 27607
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Historic Warehouse Near Hillsborough Street

      1920s brick warehouse near NCSU and Meredith College.
      3701-3715 Neil St, Raleigh, NC 27607
      View Details
    • Contact for pricing

      Flexible Space Near RBC Center

      Adaptable office/flex space with convenient access to major locations.
      1101 Nowell Rd, Raleigh, NC 27607
      View Details
    • Contact for pricing

      Class A Office Building Lease

      Class A office building available for lease.
      1511 Sunday Dr, Raleigh, NC 27607
      View Details
    • $33 SF/Yr
      15,458 SF

      Class A Office Building

      Four-story office building in a mixed-use community for rent.
      2235 Gateway Access Pt, Raleigh, NC 27607
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Raleigh, North Carolina.
      4025 Lake Boone Trl, Raleigh, NC 27607
      View Details
    • Contact for pricing
      58,935 SF

      Raleigh Office Space For Rent

      92,681 square foot office space available for rent.
      1501 Nowell Rd, Raleigh, NC 27607
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6115 Chapel Hl Rd
    Raleigh, NC 27607-5111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!