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    Property profile & analytics

    6221 Chapel Hl Rd Raleigh, NC 27607-5113

    • Warehouses
    • 4,420 SF
    • 3.73 lot acres
    OFF-MARKET
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    7.9%
    Warehouses
    Location Intelligence
    Property ID
    US53-0386452
    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

    • Raleigh Cary Self Storage / Self-Storage Facility
    • Universal relocations inc / Mover / Service Establishment

    Property Details for 6221 Chapel Hl Rd

    Year built
    1984
    Construction
    METAL FRAME
    Lot size
    3.73 lot acres
    Property size
    4,420 SF
    Zone code
    IX-3
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0774.20-92-6188 0076022
    APU
    774209261880076022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $595,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $491,000
      Market price range: $209k - $492k

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.731
    Latitude
    35.7888
    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
    $34,557
    $1,462,311
    $1,706,205
    $3,168,516
    -
    $1,462,311
    $1,706,205
    $3,168,516

    Comparable in this City

    • Value Estimation
      $780,000
      16,600 SF

      404 Gorman St

      MINI-WAREHOUSE, STORAGE • 16,600 SF
      404 Gorman St, Raleigh, NC 27607-5484
      View Details
    • Value Estimation
      $1,260,000
      45,150 SF

      950 Trinity Rd

      MINI-WAREHOUSE, STORAGE • 45,150 SF
      950 Trinity Rd, Raleigh, NC 27607-4940
      View Details
    • Value Estimation
      $5,745,000
      41,182 SF

      1101 Trinity Rd

      MINI-WAREHOUSE, STORAGE • 41,182 SF
      1101 Trinity Rd, Raleigh, NC 27607-4943
      View Details
    • Value Estimation by Request
      22,350 SF

      931 Trinity Rd

      MINI-WAREHOUSE, STORAGE • 22,350 SF
      931 Trinity Rd, Raleigh, NC 27607-4939
      View Details
    • Value Estimation
      $975,000
      22,021 SF

      5605 Chapel Hl Rd

      WAREHOUSE, STORAGE • 22,021 SF
      5605 Chapel Hl Rd, Raleigh, NC 27607-5250
      View Details
    • Value Estimation
      $1,085,000
      36,400 SF

      3915 Beryl Rd

      WAREHOUSE, STORAGE • 36,400 SF
      3915 Beryl Rd, Raleigh, NC 27607-5608
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      54,250 SF

      Historic Brick Warehouse Near I-440

      Historic brick warehouse near I-440, walkable amenities, and universities.
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      Raleigh Retail Investment Opportunity

      High-traffic retail space near NC State.
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      Charming Townhome Near PNC Arena

      Beautifully appointed four-bedroom townhome near PNC Arena and NC State.
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      View Details
    • Contact for pricing
      3,398 SF

      Historic Multifamily Building in Raleigh

      Four-unit multifamily property near NC State and Downtown Raleigh.
      300 Horne St, Raleigh, NC 27607
      View Details
    • $1,020,000
      1,660 SF

      Modern Condo with Rooftop Terrace

      Newly completed 3-bedroom penthouse with high-end finishes and rooftop terrace.
      29 Enterprise St, Raleigh, NC 27607
      View Details
    • $1,250,000
      0.28 Acres

      Raleigh Redevelopment Opportunity

      Prime downtown location near Village District with income potential.
      400 Chamberlain St, Raleigh, NC 27607
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      42,489 SF

      Rexwoods III Medical Office Space

      West Raleigh medical office suites available.
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      View Details
    • $27 SF/Yr
      35,876 SF

      Raleigh Medical Office Space for Lease

      Class A medical office suites in prime Raleigh location.
      2417 Atrium Dr, Raleigh, NC 27607
      View Details
    • $35 SF/Yr
      61,060 SF

      Rexwoods V Medical Office Space

      Raleigh, NC medical office building with 15,870 SF available.
      2300 Rexwoods Dr, Raleigh, NC 27607
      View Details
    • $29 SF/Yr
      113,630 SF

      Trinity Place Executive Suites

      Premium Raleigh Office Space Available
      1201 Edwards Mill Rd, Raleigh, NC 27607
      View Details
    • $34 SF/Yr
      41,838 SF

      Rexwoods I Medical Office Space

      Prime West Raleigh medical office suites available.
      4301 Lake Boone Trl, Raleigh, NC 27607
      View Details
    • $37 SF/Yr
      103,500 SF

      Medical Office Space, Raleigh, NC

      Class A Office Suites Available in Prime Location
      4414 Lake Boone Trl, Raleigh, NC 27607
      View Details
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    6221 Chapel Hl Rd
    Raleigh, NC 27607-5113
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    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
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