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    1801 Varsity Dr Raleigh, NC 27606

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    For Lease
    $39 SF/Yr

    Four-story, 121,792 SF building near dining and retail.

    Property size:
    121,792 SF
    Lot size:
    121,792 SF

    Property Features for 1801 Varsity Dr

    General Information

    Size
    121,792 SF

    Building Details

    Year built
    2000

    Source: William Allen Agent William Allen

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

    Overview

    Centennial Campus Office Building

    This is a 121,792 square foot, four-story office building. It is located in an area with numerous dining, retail, and lifestyle options within walking distance or a short drive. The building includes conference and training rooms, a fitness center, a cafeteria, a lounge and game area, and outdoor seating. It also features a dedicated parking deck. The property is located within NC State’s Centennial Campus, providing connectivity and access to downtown Raleigh and North Hills, with access to major thoroughfares. The surrounding area includes residential communities and retail and dining options.
    Location Intelligence

    Current Use by Public Records

    LexisNexis Software Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6759721
    Latitude
    35.7734657

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    FAQs

    What type of property is this?
    Office building - Four-story, 121,792 SF building near dining and retail.
    Where is this office building located?
    The property is located at 1801 Varsity Dr Raleigh, NC.
    What is the lease rate?
    The lease rate is $39 SF/Yr.
    What are key features of this property?
    This property features: - Entire 121,792 SF, 4-story building.; - Dedicated, exclusive parking deck.; - Strategically located within NC State’s Centennial Campus, equidistant to downtown Raleigh and North Hills.
    (919) 632-4676
    Request Owner's contact information
    1801 Varsity Dr Raleigh, NC 27606
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    Raleigh, NC 27606
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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
    1801 Varsity Dr Raleigh, NC 27606
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