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207 Fayetteville St Raleigh, NC 27601-1309

OFF-MARKET Office buildings Google Maps
3,335 SF 0.03 ac lot Built 1910
Entity Owned 9-yr Hold ~ Est. High Equity
Estimated value (blended)
$460k
Range $414k – $506k (±10%)
Property ID US53-1466613

Property summary

AI-generated overview

This exceptional 1200 square foot office space, located at 207 Fayetteville Street #200 in the heart of downtown Raleigh, NC, offers a unique blend of historic charm and modern functionality. Situated in a three-story, 3335 square foot building constructed in 1910, this single-tenant space is perfect for a professional services firm or attorney's office. The building is a registered historic landmark, adding prestige and character to your business. Enjoy a prime location just one block from the North Carolina Capitol Building and two blocks from both the Wake County Courthouse and the North Carolina Legislative Building. While the building does not have elevators, the convenient location and the character of the space more than compensate. The monthly rent is $20 per square foot, plus $2.75 per square foot for taxes, insurance, and common area maintenance (TICAM). This space presents an unparalleled opportunity to establish your business in a distinguished and highly accessible location within Raleigh's vibrant downtown core. The property is in Wake County and crosses Hargett Street.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1910
Construction BRICK
Total area 3,335 SF
Lot 0.03 ac (1,307 SF)
Zoning code DX-5
APN 1703.34-78-0297 0061529
UPID US53-1466613

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Real Estate Agency
  • Bar & Pub

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2007
$750,000

Zoning & alternative use

DX-5 · Raleigh, NC
Zoning description

The DX-5 is intended to provide for intense mixed use development of the Citysdowntown area

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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