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    1791 Varsity Dr Raleigh, NC 27606
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    Property profile & analytics

    1791 Varsity Dr, Raleigh, NC 27606

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    • Office buildings
    • 72,922 SF
    Centennial Campus Office Space For Lease
    $15,570,000
    26,372 SF

    Centennial Campus Office Space

    Office space in NC State's Centennial Campus research park.

    1791 Varsity Drive, Raleigh, NC 27606
    View Listing
    Property ID
    US53-0988994
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FREEDM Systems Center / Electrical Engineer / Research And Product Development
    • EV Challenge / Charitable Organization / Social Service Agency
    • Cengage Learning - WebAssign / Corporate Office
    • Agile Science / University
    • Keystone Science Center / Academic Department

    Property Details for 1791 Varsity Dr

    Year built
    2010
    Construction
    BRICK
    Zone code
    OX-5
    Property type
    Office buildings
    APN
    0793.11-57-5071 0403999
    APU
    793115750710403999

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 4, 2020 $27,200,000 Vtr Ls Ksc LP Keystone-centennial I LLC Grant Deed —
    — — Keystone-centennial I LLC — Deed Of Trust · related $13.5M · First Tn Bk

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $17,960,000
      6.5%
      $16,575,000
      7%
      $15,395,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,911,000
      Market price range: $10.3M - $18.9M
      AI Estimate
      $11,225,000
      Market price range: $1.60M - $12.8M
    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $14,225,000
      Current use
      COMMERCIAL (GENERAL)
      $23,650,000
      Change: +66% Conversion: Easy
      MEDICAL BUILDING
      $22,995,000
      Change: +62% Conversion: Easy
      AUTO REPAIR, GARAGE
      $21,500,000
      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
    -78.6778
    Latitude
    35.7747
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $166,790
    $0.00
    $15,301,838
    $15,301,838
    -
    $0.00
    $15,301,838
    $15,301,838
    View Listing
    More about this property
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