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Property profile & analytics
OFF-MARKET
Retail space

400 Hillsborough St Raleigh, NC 27603

160,576 SF
Property ID
US53-0442868
Property summary
AI-generated overview

400 Hillsborough Street, Raleigh, NC, offers exceptional executive office space in a vibrant downtown location. This twenty-story building, totaling 160,576 square feet, presents a unique opportunity for businesses seeking flexible and prestigious office accommodations. Currently, there are 7,739 square feet of vacant space available, divisible into units ranging from a minimum of 3,441 square feet to a maximum contiguous space of 4,298 square feet. The building is situated at the northeast corner of Hillsborough and West Streets, providing unparalleled visibility and accessibility, acting as a gateway to downtown Raleigh from Highway 54. This prime location benefits from the significant residential and commercial growth occurring in the area, positioning it within a rapidly evolving central business district. The property is classified as retail and office, with multiple tenancies available. Parking is provided at a ratio of 4 spaces per 1,000 square feet of building space, ensuring ample parking for tenants and visitors. The building's location in Wake County, NC, zip code 27603, offers easy access to major transportation routes and amenities. This is an ideal opportunity to establish a presence in a thriving and dynamic downtown Raleigh environment.

Property profile
Verified
Property type Retail space
Total area 160,576 SF
UPID US53-0442868
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
Current use
Occupant on record · Public records
  • PRESS Coffee Crêpes Cocktails Cafe & Coffee Shop
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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