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Office Suite with Elevator
For Lease
$9,581/Mo

701 Mutual Court #200, Raleigh, NC 27615

The second-floor layout includes private offices, a central conference area, and a break room, with substantial interior work remaining.

Space SizeContact for details
Property Size4,034 SF
Days on Market423

Property Features for 701 Mutual Court #200

General Information

Standard status Active
Size 4,034 SF
Zoning OX-4

Building Details

Building Size 4,034 SF
Year Built 2016
Stories 2
Listed By: Tammy Eggleston
Source: Egglestonrealestate
Added: Aug 28, 2025 Changed: Oct 23 Last Checked: Oct 23 at 12:34PM

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 Tammy Eggleston

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Investment Insights

Based on property information with market context.

Suite 200 offers 4,034 square feet on the second floor of a two-story professional office building completed in 2016 at 701 Mutual Court in Raleigh. Its layout includes seven private offices, a front lobby and waiting area, a central conference room, and a break room. The suite is in vanilla box condition and requires substantial completion, including two bathrooms, finish work in the conference room and offices, and HVAC duct work. An elevator serves the second floor. The property is zoned OX-4.

The site has exposure to approximately 13,000 vehicles per day and access near Falls of Neuse Road, Strickland Road, and I-540. A standalone surface parking lot serves the building.

Key Highlights

  • 4,034 SF second‑floor office suite
  • Seven private offices, a lobby and waiting area, conference room, and break room
  • Vanilla box condition; two bathrooms and additional interior and HVAC work are needed

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Parking Lot & Garage Furniture & Home Goods Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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
$4.27 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,078
Businesses Nearby

Demographics for 27615, NC

43,010
Population
20,681
Households
2.1
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
18.9 sq mi
ZIP Area
2,276
Density / Sq Mi
$107,051
Median Household Income
$60,661
Median Earnings
$1,533
Median Rent
$441,100
Median Home Value

Market

Lease Benchmarks for Raleigh, NC

$26.68 /SF/Yr
Avg Asking Price
$2.5–$65.47 /SF/Yr
Price Range
23,919 SF
Avg Space Size

This space is priced 7% above the average of $26.68 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office unit - The second-floor layout includes private offices, a central conference area, and a break room, with substantial interior work remaining.
Where is this office unit located?
The property is located at 701 Mutual Court #200 Raleigh, NC.
What is the lease rate?
The lease rate is $9,581/Mo.
What are key features of this property?
This property features: 4,034 SF second‑floor office suite; Seven private offices, a lobby and waiting area, conference room, and break room; Vanilla box condition; two bathrooms and additional interior and HVAC work are needed
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