107 Fayetteville St, Raleigh, NC 27601-1398
- Office buildings
- 13,125 SF
- 0.06 lot acres
Current Use by Public Records
- Carson Anderson - Engel & Völkers Raleigh / Real Estate Agency
- Halftax / Consultant
- TBP Homes of Raleigh / General Contractor
- Capital Square Funding Group / Association Or Organization
- Real Estate Online / Financial Advisor
Property Details for 107 Fayetteville St
- Year built
- 1973
- Construction
- BRICK
- Lot size
- 0.06 lot acres
- Zone code
- DX-40
- Property type
- Office buildings
- APN
- 1703.26-78-1715 0018815
- APU
- 1703267817150018815
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 3, 2020 | $3,200,000 | Cityplat Hq LLC | Moma Lawyers LLC | Special Warranty Deed | $2.2M · Aquesta Bank |
| Jul 2, 2015 | — | Moma Lawyers LLC | — | Trustees Deed · related | $1.6M · Capital Bk |
| Mar 19, 2014 | $1,220,000 | Moma Lawyers LLC | Dic Properties LLC | Warranty Deed | $976k · Capital Bk |
| Mar 5, 2013 | — | Dic Properties LLC | Day,james M & Mollie M | Grant Deed · related | — |
| — | — | Moma Lawyers LLC | — | Deed Of Trust · related | $1.8M · Bank Of Nc |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,195,000
- ML approach
- $4,560,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,230,000
- 6.5%
- $2,985,000
- 7%
- $2,770,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,263,000
Market price range: $1.86M - $3.40M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,560,000 Current use
- RETAIL STORES
- $5,155,000 Change: +101% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $4,255,000 Change: +66% Conversion: Easy
- MEDICAL BUILDING
- $4,140,000 Change: +62% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,870,000 Change: +51% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
