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Property profile & analytics
FOR LEASE
Parking lots & garages

421 Fayetteville St 1100 Raleigh, NC 27601

196,608 SF 1.11 ac lot Built 1985
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US53-1108802
Property summary
AI-generated overview

This exceptional Class A office space, located at 421 Fayetteville Street Suite 1100 in Raleigh, NC 27601, offers a variety of configurations to suit diverse business needs. The building, totaling 11,903 square feet, boasts 350 suites and currently has 5,970 square feet of vacant space available, with minimum divisible space starting at 10 square feet and maximum contiguous space of 1,300 square feet. The property features stunning 11th-floor views of City Plaza, offering a prestigious address in the heart of Raleigh's central business district. Renovated in 2019, the building includes a modern first-floor lobby, a state-of-the-art on-site fitness center, and a convenient sandwich/coffee bar. Its prime location provides easy access to major commercial markets throughout North Carolina and beyond, and its proximity to the new Marriott Hotel and the new Raleigh Convention Center adds significant value and convenience. The building is equipped with elevators and offers executive office, coworking, and creative office spaces, catering to a wide range of businesses. This is a unique opportunity to secure high-quality office space in a vibrant and thriving location. The property is located in Wake County and offers multiple tenancy options.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1985
Construction CONCRETE
Total area 196,608 SF
Lot 1.11 ac (48,352 SF)
Zoning code DX-40
APN 1703.42-66-9958 0131712
UPID US53-1108802
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
  • Joyner Walton K Law Firm
  • EventOPS (Bike/Boat/Book/etc) Store Corporate Office
  • Chhabria Law LLC Law Firm
  • Classical Therapy of Raleigh Psychotherapist Counselor
  • Mitro Digital Marketing LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.81M
Blend (final) Blend
$1.51M
Owner & transaction history
Highwoods Realty LP · 11 yrs held
Highwoods Realty LP
since 2014
7 recorded transactions
2021
Price N/A
2014
$84.0M
2005
$47.1M
2005
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DX-40 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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