Centennial Campus Office
For Lease
$39.50 SF/Yr
1801 Varsity Drive, Raleigh, NC 27606
Four-story, 121,792 SF building near dining and retail.
Space Size121,792 SF
Days on Market338
Property Features for 1801 Varsity Drive
General Information
Standard status
Active
Size
121,792 SF
Class
A
Property subtype
Office
Lease Term
Full Service
Site & Location
Neighborhood
Varsity Place
Building Details
Building Size
121,792 SF
Year Built
2000
Spaces For Lease
at 1801 Varsity Drive
1801 Varsity Drive
$39.50/SF/Yr
Size
121,792 SF
Type
Office Building
Term
Negotiable
Listed By:
William Allen · License #160798
(919) 632-4676
Source:
Trinity-partners
Added: Nov 26, 2025
Changed: Oct 28
Last Checked: Oct 30 at 12:58PM
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 William Allen
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.93 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 27606, NC
48,343
Population
22,199
Households
2.2
Avg Household Size
29
Median Age
59%
College-Educated
93%
High-School Grad
24.5 sq mi
ZIP Area
1,973
Density / Sq Mi
$75,640
Median Household Income
$40,950
Median Earnings
$1,369
Median Rent
$423,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Raleigh, NC
$31.95 /SF/Yr
Avg Asking Price
$23.5–$48.5 /SF/Yr
Price Range
45,426 SF
Avg Space Size
This space is priced 24% above the average of $31.95 /SF/Yr.
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 Drive Raleigh, NC.
What is the lease rate?
The lease rate is $39.50 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.
