208 St. Marys St Raleigh, NC 27605
This exceptional investment opportunity presents a beautifully renovated, historic office building situated in a highly desirable Raleigh, NC location. The property, located at 208 St. Marys Street, boasts 6,100 square feet of meticulously updated space within a 0.28-acre lot. Originally constructed in 1930 as a stone masonry church, the building retains its historic charm while offering modern amenities. Recent renovations have transformed the space, creating a stunning 1,300 square foot great room, perfect for collaborative work or large gatherings. Nine additional offices provide ample space for individual work or smaller teams. A large, finished basement adds further versatility and potential for expansion or storage. The property's prime location offers easy access to numerous amenities. It is directly adjacent to Saint Mary's High School and Wiley Magnet Elementary School, surrounded by residential properties, and just minutes from downtown Raleigh and NC State University. The nearby Glenwood South District provides a vibrant mix of restaurants and retail options, including popular establishments such as the Raleigh Beer Garden, Taverna Agora, and 42nd Street Oyster Bar. Abundant free street parking is available in the neighborhood. Offered at $2,750,000, this property represents a unique blend of history, modern functionality, and exceptional location, making it an ideal investment for discerning buyers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.