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    3701 Neil St Raleigh, NC 27607

    Sponsored
    For Lease
    $9 SF/Yr

    Historic Warehouse, Walkable Location

    Lot size:
    54,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional executive office space, located at 3701-3715 Neil Street in Wake County, offers a unique blend of historic charm and modern convenience. Housed within a beautifully preserved 1920s brick warehouse, this single-story building boasts a total of 54,250 square feet. Currently, 26,000 square feet of space is available, divisible into units as small as 7,000 square feet, with a maximum contiguous space of 19,000 square feet. The building's industrial zoning allows for a variety of uses. Its convenient location within the beltline, off Hillsborough Street, provides easy access to both NC State University and Meredith College, enhancing its appeal to a diverse range of businesses. The property benefits from a walkable environment, with six restaurants located within a single block. Building amenities include one drive-in door and one dock door, catering to efficient loading and unloading. This end unit offers a unique opportunity to establish a presence in a vibrant and accessible location. The building's character and prime location make it an ideal choice for businesses seeking a distinctive and well-situated office space. The available space presents a flexible solution for companies of varying sizes, offering a blend of historical architecture and modern functionality.

    Property Features for 3701 Neil St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,250 SF
    Total Rate
    44982.29

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    3707 Neil Street
    Size
    19,000 SF
    Rate per SF
    $9
    Space
    3701, 3707 Neil Street
    Size
    26,000 SF
    Rate per SF
    $9
    Space
    3701 Neil Street
    Size
    7,000 SF
    Rate per SF
    $9

    HighLights

    • Executive office space in a 54,250 square foot building.
    • Minimum 7,000 square feet divisible, with a maximum contiguous space of 19,000 square feet.
    • 26,000 square feet currently vacant.
    • Single‑story building with Industrial zoning in Wake County.
    • End unit available in a historic 1920s brick warehouse.
    • Located inside the Beltline, off Hillsborough Street, near NC State and Meredith College, with six restaurants within one block.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trusted Forklift Certification Training Centre

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.686846
    Latitude
    35.792947

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Warehouse, Walkable Location
    Where is this office property / space located?
    The property is located at 3701 Neil St Raleigh, NC.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Executive office space in a 54,250 square foot building.; Minimum 7,000 square feet divisible, with a maximum contiguous space of 19,000 square feet.; 26,000 square feet currently vacant.
    Request Owner's contact information
    3701 Neil St Raleigh, NC 27607
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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
    3701 Neil St Raleigh, NC 27607
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