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    Property profile & analytics

    6500 Creedmoor Rd Raleigh, NC 27613

    • Office buildings
    • 27,618 SF
    • 1.97 lot acres
    For Sale
    View listing
    $29
    Last Sale
    Mar 03, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5725649
    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

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    Property Details for 6500 Creedmoor Rd

    Year built
    2008
    Construction
    BRICK
    Lot size
    1.97 lot acres
    Property size
    27,618 SF
    Zone code
    OX-3
    Property type
    Office buildings
    APN
    0797.15-53-1332 0349933
    APU
    797155313320349933

    Description

    This exceptional 2,466 square foot Class A executive office space is available for sublease at 6500 Creedmoor Road in Raleigh, North Carolina. Located in Wake County, this single-tenant suite is part of a larger 28,522 square foot building constructed in 2009. The property boasts ample parking, with a ratio of 4.5 spaces per 1,000 square feet. The building's prime location offers easy access to major transportation routes and amenities, making it an ideal location for businesses seeking a prestigious and convenient workspace. The suite itself is ready for immediate occupancy and presents a sophisticated environment perfect for executive-level operations. The building's Class A designation reflects its high-quality construction, modern amenities, and professional atmosphere. This sublease opportunity provides a cost-effective entry point to a desirable location, offering a flexible and efficient solution for businesses of various sizes. The zip code is 27613. This is a single-tenant occupancy. Serious inquiries are encouraged to explore this outstanding sublease opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,205,000
      6.5%
      $5,725,000
      7%
      $5,320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,031,000
      Market price range: $3.91M - $7.16M
      AI Estimate
      $5,880,000
      Market price range: $2.59M - $6.99M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,390,000
      Current use
      COMMERCIAL (GENERAL)
      $8,960,000
      Change: +66% Conversion: Easy
      MEDICAL BUILDING
      $8,710,000
      Change: +62% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,145,000
      Change: +51% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6789
    Latitude
    35.8744
    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
    $52,143
    $1,112,136
    $3,671,589
    $4,783,725
    -
    $1,112,136
    $3,671,589
    $4,783,725

    Comparable in this City

    • Value Estimation by Request
      960 SF

      8220 Creedmoor Rd

      OFFICE BUILDING • 960 SF
      8220 Creedmoor Rd, Raleigh, NC 27613-1371
      View Details
    • Value Estimation by Request
      988 SF

      8222 Creedmoor Rd

      OFFICE BUILDING • 988 SF
      8222 Creedmoor Rd, Raleigh, NC 27613-1387
      View Details
    • Value Estimation
      $2,760,000
      14,322 SF

      7209 Creedmoor Rd

      OFFICE BUILDING • 14,322 SF
      7209 Creedmoor Rd, Raleigh, NC 27613-1625
      View Details
    • Value Estimation
      $2,460,000
      12,782 SF

      9201 Leesville Rd

      OFFICE BUILDING • 12,782 SF
      9201 Leesville Rd, Raleigh, NC 27613-7540
      View Details
    • Value Estimation
      $5,480,000
      26,636 SF

      7001 Pinecrest Rd

      OFFICE BUILDING • 26,636 SF
      7001 Pinecrest Rd, Raleigh, NC 27613-4506
      View Details
    • Value Estimation
      $865,000
      6,600 SF

      8001 Creedmoor Rd Ste, Unit 101

      OFFICE BUILDING • 6,600 SF
      8001 Creedmoor Rd Ste, Raleigh, NC 27613-4396
      View Details

    Similar Nearby for Sale

    • $219,900
      Pending

      Raleigh Office Suite For Sale

      Second-floor office suite with reception area and kitchenette.
      6531 Creedmoor Rd, Raleigh, NC 27613
      View Details
    • Contact for pricing
      26,000 SF

      Class A Office Space Available

      Class A office space in North Raleigh near Crabtree Valley.
      6500 Creedmoor Rd, Raleigh, NC 27613
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    • Contact for pricing
      1,411 SF

      Charming Townhome in North Raleigh

      Well-maintained 2-bedroom townhome near Lake Lynn and popular destinations.
      6700 Tattershale Ct, Raleigh, NC 27613
      View Details
    • $309,900

      Impeccably Maintained Townhome with Upgrades

      Two-bedroom townhome with upgrades, community amenities, and convenient location.
      8459 Central Dr, Raleigh, NC 27613
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    • $290,000
      Pending

      Raleigh Land Building Opportunity

      Building lot in NW Wake County, ready to build.
      6917 Fiddleman Way, Raleigh, NC 27613
      View Details
    • Contact for pricing

      Vacant Land in Forest Trail

      1.12 acre vacant lot ready for new home construction.
      5429 Live Oak Rd, Raleigh, NC 27613
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      3,298 SF

      Lynnwood Plaza: Raleigh Office Suites

      Prime Raleigh office space, multiple suites available.
      3721 Lynn Rd, Raleigh, NC 27613
      View Details
    • $32 SF/Yr
      1,190 SF

      Raleigh Retail Space - Leesville Rd

      1,190 sq ft Retail Space in Prime Location
      9113 Leesville Rd, Raleigh, NC 27613
      View Details
    • Contact for pricing
      127,106 SF

      Leesville Towne Centre Retail Space

      High-traffic Raleigh retail space available.
      0 Strickland Rd. & Leesville Rd, Raleigh, NC 27613
      View Details
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    Raleigh, NC 27613
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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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