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    1306 Hillsborough St Raleigh, NC 27605

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    For Lease
    $24 SF/Yr ($4,840 /Mo)

    Updated office space with parking in prime Raleigh location.

    Property size:
    2,420 SF
    Lot size:
    2,420 SF

    Property Features for 1306 Hillsborough St

    General Information

    Size
    2,420 SF

    Building Details

    Year built
    1905

    Source: Boss Poe, CCIM Agent Boss Poe, CCIM

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

    Overview

    Renovated Office Space on Hillsborough

    This ± 2,420 square foot office space features four private offices, a reception area, a conference room, a collaboration space, a break area, and one restroom. The property is in excellent condition, with recent upgrades including new electrical systems, interior paint, refinished hardwood floors throughout, updated break areas and bathrooms, and a renovated front porch. Located on Hillsborough Street, the property benefits from high exposure, with approximately 20,000 vehicles per day in 2024. Eight on-site parking spaces are available, along with additional street parking. The property is situated in an amenity-rich area within the West Raleigh submarket, within walking distance of The Village District, NC State, Hillsborough Street & W Morgan Street Retail, and Downtown Raleigh.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gateway Women's Care Women'S Health Clinic

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Building Supply Daycare Center Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6560285
    Latitude
    35.7835944

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    FAQs

    What type of property is this?
    Office space - Updated office space with parking in prime Raleigh location.
    Where is this office space located?
    The property is located at 1306 Hillsborough St Raleigh, NC.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Prime location: Walking distance to The Village District, NC State, Hillsborough Street & W Morgan Street Retail, and Downtown Raleigh.; - Recently upgraded: Includes new electrical, interior paint, refinished hardwood floors, break areas, bathrooms, and front porch.; - Excellent exposure: Located on Hillsborough Street with +/- 20,000 vehicles per day.
    (919) 868-0016
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    1306 Hillsborough St Raleigh, NC 27605
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    Raleigh, NC 27605
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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
    1306 Hillsborough St Raleigh, NC 27605
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