107 Fayetteville St Raleigh, NC 27601
- Office buildings
- 13,125 SF
- 0.06 lot acres
Current Use by Public Records
- Carson Anderson - Engel & Völkers Raleigh / Real Estate Agent
- Halftax / Consultant
- TBP Homes of Raleigh / Contractor
- Capital Square Funding Group / Association Or Organization
- Real Estate Online / Investment Service
Property Details for 107 Fayetteville St
- Year built
- 1973
- Construction
- BRICK
- Lot size
- 0.06 lot acres
- Property size
- 13,125 SF
- Zone code
- DX-40
- Property type
- Office buildings
- APN
- 1703.26-78-1715 0018815
- APU
- 1703267817150018815
Description
This exceptional Class A office building at 107 Fayetteville Street, Suite 500, offers a unique blend of industrial-modern design and prime downtown Raleigh location. The 13,125 square foot building, constructed in 1974 and extensively renovated in 2015, features five stories and boasts 11-foot ceilings, creating a spacious and collaborative atmosphere. Suites are available in sizes ranging from a minimum of 2,500 square feet up to a maximum contiguous space of 10,000 square feet, making it ideal for businesses of various sizes. The building's multiple tenancy structure provides flexibility for diverse needs, accommodating startups, established firms, and creative ventures. The property benefits from a secure elevator system with keycard access, ensuring safety and convenience. Parking is readily available in nearby parking decks and on the street. This exceptional location places tenants within walking distance of numerous restaurants, shops, the courthouse, and the YMCA, offering unparalleled access to downtown Raleigh's vibrant amenities. The building is zoned DX-5-UG. This is a rare opportunity to secure a highly desirable office space in the heart of downtown Raleigh.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,195,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,000,000
- 6.5%
- $3,065,000
- 7%
- $3,180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,510,000
- Geo Method
- $2,695,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,665,000
- Retail
- $3,780,000
- Mixed-Use
- $3,465,000
- Hospitality
- $3,910,000
- Educational
- $3,690,000
- Residential Income
- $3,020,000
- Energy
- $3,690,000
- Income-Based Land
- $3,925,000
- Food Service
- $3,375,000
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6388
- Latitude
- 35.7793
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
