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Property profile & analytics
OFF-MARKET
Office Spaces

208 St. Marys St Raleigh, NC 27605

6,100 SF 0.28 ac lot Built 1931
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1931
Total area 6,100 SF
Lot 0.28 ac (12,197 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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