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    5207 Oak Park Rd Raleigh, NC 27612

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    For Lease
    $19 SF/Yr ($11,669 /Mo)

    Creative office space in restored center with historic watermill.

    Property size:
    7,370 SF
    Lot size:
    7,370 SF

    Property Features for 5207 Oak Park Rd

    General Information

    Size
    7,370 SF

    Building Details

    Year built
    1972

    Source: Justin Wilson Agent Justin Wilson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restored Office Center with Watermill

    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.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7026627
    Latitude
    35.8546342

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    FAQs

    What type of property is this?
    Office space - Creative office space in restored center with historic watermill.
    Where is this office space located?
    The property is located at 5207 Oak Park Rd Raleigh, NC.
    What is the lease rate?
    The lease rate is $19 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.
    (336) 247-5405
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    Raleigh, NC 27612
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    Realmo Value Estimation

    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.

    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.

    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
    5207 Oak Park Rd Raleigh, NC 27612
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