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    621 Hillsborough St Raleigh, NC 27603

    Sponsored
    For Lease
    $43 SF/Yr

    Class A Office Suites, Downtown Raleigh

    Lot size:
    281,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Tower Two, a prestigious Class A commercial property in downtown Raleigh's vibrant submarket, offers 7,435 square feet of immediately available executive office space. Located at 621 Hillsborough St, zip code 27603, in Wake County, this 10-story building boasts a total of 281,750 square feet. Built in 2021, the building features a modern design with 14' 8" high ceilings, creating a spacious and impressive work environment. The property is a mixed-use development, encompassing retail and office space, and offers ample parking with 1,400 spaces available. This prime location in the heart of Raleigh provides exceptional access to amenities, transportation, and a thriving business community. The available space is perfect for a variety of businesses seeking a high-quality, modern office environment in a dynamic urban setting. The multiple tenancy structure allows for flexibility and collaboration. This is an unparalleled opportunity to secure a prominent presence in one of Raleigh's most sought-after locations. Don't miss this chance to establish your business in this exceptional building.

    Property Features for 621 Hillsborough St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    281,750 SF
    Class
    A
    Total Rate
    1021343.75

    Building Details

    Year Built
    2021
    Stories
    10

    Unit(s) available at that property

    Space
    Suite 401
    Size
    7,435 SF
    Rate per SF
    $43

    HighLights

    • Downtown Raleigh location, high elevation, adjacent to One Glenwood, premier retail corridor.
    • Tenant lounge with outdoor terrace.
    • Interactive sports room.
    • Shared conference room.
    • Grand double‑story lobby with staffed security/reception.
    • Modern visitor management system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Yoga six Yoga Studio McAdams Civil Engineering Company Design Workshop, Inc. Landscape Architect CR Legal Team Personal Injury Attorney YogaSix Glenwood South Yoga Studio

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6486281
    Latitude
    35.7805994

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    FAQs

    What type of property is this?
    Lifestyle center - Class A Office Suites, Downtown Raleigh
    Where is this lifestyle center located?
    The property is located at 621 Hillsborough St Raleigh, NC.
    What is the lease rate?
    The lease rate is $43 SF/Yr.
    What are key features of this property?
    This property features: Downtown Raleigh location, high elevation, adjacent to One Glenwood, premier retail corridor.; Tenant lounge with outdoor terrace.; Interactive sports room.
    Request Owner's contact information
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    Raleigh, NC 27603
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    Realmo Value Estimation

    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.

    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.

    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
    621 Hillsborough St Raleigh, NC 27603
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