Restored Office Center with
For Lease
$20 SF/Yr
5207 Oak Park Road, Raleigh, NC 27612
Creative office space in restored center with historic watermill.
Property Size7,370 SF
Days on Market253
Property Features for 5207 Oak Park Road
General Information
Standard status
Active
Size
7,370 SF
Property subtype
Office
Building Details
Year Built
1972
Listing Agency:
(336) 247-5405
Listed By:
Justin Wilson
(336) 247-5405
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 1 at 5:28AM
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 Justin Wilson
Investment Insights
Based on property information with market context.
Millrun is a restored, 1972 Office Center consisting of three individually themed buildings, featuring a circa-1792 watermill at the entrance. The property is suitable for a variety of uses, from office to creative spaces, studios, and galleries. It is located just off Glenwood Avenue in Raleigh, west of Crabtree Valley Mall and immediately adjacent to the Oak Park shopping center. Signalized access to Glenwood is available via Holly Ridge Drive, providing easy access to all points in Raleigh along the Duraleigh-Glenwood corridor. The property offers a private setting that is readily accessible to retail and some of Raleigh’s residential neighborhoods. The available property size is 7370 square feet. The location is described as unique and creative.
Key Highlights
- Restored 1972 Office Center with a unique, creative space suitable for various uses.
- Prime location just off Glenwood Avenue in Raleigh, providing easy access.
- Historic jewel with a circa‑1792 watermill centerpiece marking the entrance.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 27612, NC
39,576
Population
21,582
Households
1.8
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
16.6 sq mi
ZIP Area
2,384
Density / Sq Mi
$95,565
Median Household Income
$57,216
Median Earnings
$1,544
Median Rent
$481,500
Median Home Value
Market
Lease Benchmarks for Raleigh, NC
$28 /SF/Yr
Avg Asking Price
$0.53–$65.47 /SF/Yr
Price Range
23,712 SF
Avg Space Size
This space is priced 29% below the average of $28 /SF/Yr.
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Creative office space in restored center with historic watermill.
Where is this office units located?
The property is located at 5207 Oak Park Road Raleigh, NC.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Restored 1972 Office Center with a unique, creative space suitable for various uses.; Prime location just off Glenwood Avenue in Raleigh, providing easy access.; Historic jewel with a circa‑1792 watermill centerpiece marking the entrance.
