Renovated Class A Office
For Sale
Contact for pricing
1201 Edwards Mill Road, Raleigh, NC 27607
Class A office building in West Raleigh, convenient location.
Property Size113,630 SF
Price / SF$0.00
Days on Market276
Property Features for 1201 Edwards Mill Road
General Information
Standard status
Active
Size
113,630 SF
Property subtype
Office
Lease Term
$29.95 SF/yr (Full Service)
Site & Location
Neighborhood
Asbury
Properties For Sale
at 1201 Edwards Mill Road
Suite 420
Size
3,047 SF
Type
Office Building
Term
Negotiable
Listed By:
Greg Sanchez, SIOR
(919) 281-2321
Source:
Triprop
Added: Jan 27
Changed: Oct 26
Last Checked: Oct 28 at 7:06AM
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 Greg Sanchez, SIOR
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Trinity Place is a recently renovated Class A office building with 113,630 square feet of space. It is conveniently located off Wade Avenue between I-40 and I-440, in a well-known West Raleigh location. The building is adjacent to Lenovo Center, Carter-Finley Stadium, and the NC State Fairgrounds, providing easy access. The property features renovated common areas, showers on the first floor, EV charging stations, and package lockers.
Key Highlights
- Class A office building in a prominent West Raleigh location.
- Convenient access to I‑40, I‑440, and Wade Avenue.
- Recently renovated common areas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,574,094
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,481,880
$31.5M
Cap Rate 7%
$22,487,057
$22.5M
Cap Rate 9%
$17,489,933
$17.5M
Market Conditions
NOI Build-Up for 113,630 SF
Gross rent
$2.52M $22.20/SF
− Vacancy
−$423.8K −$3.73/SF
EGI
$2.10M $18.47/SF
− OpEx
−$524.7K −$4.62/SF
NOI
$1.57M $13.85/SF
Area
Raleigh, NC
Vacancy
16.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,481,880
Cap Rate 7%
$22,487,057
Cap Rate 9%
$17,489,933
Alternative Uses
Best Use
Office B
$22.49M
$19.68M – $26.23M
NOI $1,574,094 @ 7.0% cap · market cap 5,255,739.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$31.23M
$27.32M – $36.43M
NOI $2,185,957 @ 7.0% cap · market cap 7,298,687.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Explore this area
Business Placement
Demographics for 27607, NC
27,182
Population
10,698
Households
2.5
Avg Household Size
27
Median Age
71%
College-Educated
96%
High-School Grad
17.4 sq mi
ZIP Area
1,562
Density / Sq Mi
$95,216
Median Household Income
$49,365
Median Earnings
$1,529
Median Rent
$639,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Class A office building in West Raleigh, convenient location.
Where is this office building located?
The property is located at 1201 Edwards Mill Road Raleigh, NC.
What are key features of this property?
This property features: Class A office building in a prominent West Raleigh location.; Convenient access to I‑40, I‑440, and Wade Avenue.; Recently renovated common areas.
