Listed By: Brad Corsmeier Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 13 Last Checked: Sep 2 at 2:30PM

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Investment Insights

Based on property information with market context.

This property features ground floor retail space facing a pedestrian promenade, along with creative office space on the second and third floors within a historic structure. Additionally, there is 370,098 square feet of new Class-A office space available, which includes covered parking.

Key Highlights

• 370,098 SF of new Class‑A office space
• Ground floor retail facing the pedestrian promenade
• Covered parking available

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Locksmith Catering Service (Bike/Boat/Book/etc) Store Real Estate Agency Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

404

Businesses Nearby

Explore this area Business Placement

Demographics for 27604, NC

46,076

Population

20,828

Households

2.2

Avg Household Size

36

Median Age

41%

College-Educated

89%

High-School Grad

19.1 sq mi

ZIP Area

2,412

Density / Sq Mi

$72,793

Median Household Income

$44,471

Median Earnings

$1,386

Median Rent

$293,100

Median Home Value

Market

Lease Benchmarks for Raleigh, NC

$34.91 /SF/Yr

Avg Asking Price

$0.42–$371 /SF/Yr

Price Range

24,952 SF

Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Retail and office spaces available in Raleigh, North Carolina.

Where is this office units located?

The property is located at 2201 Iron Works Drive Raleigh, NC.

What are key features of this property?

This property features: 370,098 SF of new Class‑A office space; Ground floor retail facing the pedestrian promenade; Covered parking available