Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    411 Fayetteville St Raleigh, NC 27601

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for sublease in downtown Raleigh.

    Type:office
    Property size:
    18,091 SF
    Added:
    Apr 15, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 14 at 8:30 pm

    Property Features for 411 Fayetteville St

    General Information

    Standard status
    Active
    Size
    18,091 SF
    Property subtype
    office

    Spaces For Lease

    at 411 Fayetteville St Contact us

    We can help!

    Listing Contact
    Bill Sandridge

    Listing agent Bill Sandridge License #156495

    Listing office Raleigh

    Listing date Apr 15, 2026

    Source Property.jll

    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 Raleigh

    Overview

    Downtown Raleigh Office Sublease Opportunity

    Office space is available for sublease at One Progress Plaza, located at 411 Fayetteville St, Raleigh, North Carolina. The available square footage ranges from 18,091 to 170,870 square feet.
    Location Intelligence

    Current Use by Public Records

    Duke Energy Electric Utility Company ERSoft US (Bike/Boat/Book/etc) Store 411 Fayetteville St ... Parking Lot & Garage Mustang House Restaurant Vinson General Landscapers General Contractor

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6388424
    Latitude
    35.7750926

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Office Condo For Rent

      Centrally located, renovated office condo near North Hills Shopping Center.
      180 Mine Lake Court, Raleigh, NC 27615
      View Details
    • Contact for pricing

      Raleigh Commercial Flex Space Available

      Commercial flex space with offices, mezzanine, and bay door.
      5621 Departure Drive, Raleigh, NC 27616
      View Details
    • Contact for pricing

      Professional Office Space For Lease

      Office space available for lease in a professional location.
      132 Wind Chime Court, Raleigh, NC 27615
      View Details
    • Contact for pricing

      Dealership Space on Capital Boulevard

      Dealership space for lease in high-traffic Raleigh corridor.
      3333 Capital Boulevard, Raleigh, NC 27604
      View Details
    • Contact for pricing

      Raleigh Retail/Office Space Available

      Second floor retail/office space in desirable Raleigh location.
      6014 Duraleigh Road, Raleigh, NC 27612
      View Details
    • Contact for pricing

      North Raleigh Office Space Available

      600 SF office space for lease in North Raleigh.
      5640 Six Forks Road, Raleigh, NC 27609
      View Details
    • $17/mo

      New Flex Space in Raleigh

      Flexible warehouse space with convenient access to major roadways.
      3133 Garner Station Boulevard, Raleigh, NC 27603
      View Details
    • $37/mo

      Midtown Retail Space Available

      Second-generation retail space in Raleigh's Midtown district.
      424 E Six Forks Rd, Raleigh, NC 27609
      View Details
    • $22/mo

      Downtown Raleigh Office Space

      Office space for lease in the heart of downtown Raleigh.
      224 Fayetteville St, Raleigh, NC 27601
      View Details
    • Contact for pricing

      Move-in Ready Office Space

      2,402 SF office space in Raleigh's Mordecai neighborhood.
      1126 N Blount St, Raleigh, NC 27604
      View Details
    • $14/mo

      Raleigh Industrial Warehouse with Office

      10,000 SF warehouse with office space for lease.
      144 Rupert Road, Raleigh, NC 27603
      View Details
    • Contact for pricing

      Dealership Space on Capital Boulevard

      4,346 SF dealership space with excellent visibility and signage.
      3333 Capital Boulevard, Raleigh, NC 27604
      View Details

    FAQs

    What type of property is this?
    Office building - Office space available for sublease in downtown Raleigh.
    Where is this office building located?
    The property is located at 411 Fayetteville St Raleigh, NC.
    What are key features of this property?
    This property features: Prime location at 411 Fayetteville St, Raleigh, North Carolina 27601.; Sublease opportunity in the prestigious One Progress Plaza (Center Plaza Bldg).; **Substantial available square footage: 18,091 - 170,870 SF.**
    (919) 424-8174
    We can help!
    Listing Contact
    Bill Sandridge
    Real Estate License ID: 156495
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!