Raleigh Real Estate

Raleigh Real Estate

Raleigh: A Vibrant City in Wake County, North Carolina

Located in Wake County, North Carolina, Raleigh is a vibrant and thriving city that offers an excellent quality of life. As the capital of the state, Raleigh is known for its rich history, diverse culture, and strong sense of community.

Raleigh is a city that seamlessly blends the old with the new. Historic neighborhoods like Oakwood and Mordecai are filled with charming homes that showcase the city's architectural heritage. On the other hand, downtown Raleigh boasts a modern skyline with impressive high-rise buildings, trendy restaurants, and vibrant nightlife.

One of the key attractions of Raleigh is its strong job market. The city is home to numerous technology companies, research institutions, and government agencies. This has led to a robust economy and a steady influx of new residents seeking career opportunities.

Nature enthusiasts will also find plenty to love in Raleigh. The city is surrounded by beautiful parks and green spaces, including the famous Umstead State Park and the Neuse River Trail. These outdoor areas provide ample opportunities for hiking, biking, and picnicking.

Raleigh is also known for its excellent educational institutions. The city is home to North Carolina State University, which consistently ranks among the top universities in the country. This, along with the presence of other prestigious colleges and universities, makes Raleigh a hub for learning and innovation.

Whether you're looking for a vibrant urban lifestyle, a strong job market, or a close-knit community, Raleigh has it all. With its rich history, diverse culture, and abundance of opportunities, it's no wonder that Raleigh is a highly sought-after city to call home.

Newest Listings in Raleigh

$3,495,000
10189819 MLS
Prime commercial opportunity to acquire the entire two-story, 8,068 SF office building at 701 Mutual Court in North Raleigh. The property combines immediate income from the fully leased first floor with substantial owner-user and value-add potential through completing and leasing up the vacant second floor. The building consists of two approximately 4,034 SF floors with spacious entry lobbies and elevator access to the second floor. Suite 100 encompasses the entire 4,034 SF first floor and is fully leased to Alpha Male Wellness, LLC. The initial lease term runs through July 20, 2030, with one additional 5-year renewal option. Current scheduled base rent is approximately $10,906.93/month, or $130,883.13 annually, with 3% annual rent escalations. In addition to base rent, the tenant is responsible for a 50% proportionate share of applicable taxes, insurance, and common area/property operating expenses, subject to annual reconciliation. The lease originally estimated these reimbursements at approximately $1,176.58/month. Suite 200 encompasses the entire 4,034 SF second floor and is vacant and ready for customization, offering an excellent opportunity for a new tenant, owner-user, or investor seeking additional rental income. The space is in vanilla-box condition. Remaining work includes sheetrock repairs and interior painting; completing the center conference room using existing steel studs; installing two full bathrooms; installing glass panels in several offices facing the waiting area; and completing HVAC ductwork and related components. The existing Suite 200 layout includes four large offices along the right side, a large open reception/waiting area at the front lobby entrance, a large conference room behind the waiting area, three additional offices along the left side, a centrally located break room, and designated space for two bathrooms in the rear center. Suite 200 was previously occupied by Union Bank. Bank use is prohibited until December 31, 2028. Excellent North Raleigh location just off Falls of Neuse Road and Strickland Road with convenient access to I-540 and major Triangle destinations. Approximately 1 mile to I-540, 9 miles to Downtown Raleigh, 12.6 miles to RDU International Airport, and 0.1 mile to Bent Tree Plaza for grocery, restaurants, retail, and services. GoRaleigh Route 2 bus service is located nearby at Falls of Neuse Road and Strickland Road. The surrounding corridor carries approximately 15,000 vehicles per day on Strickland Road and approximately 32,000 vehicles per day on Falls of Neuse Road near the intersection. Area demographics include approximately 68,972 residents and 31,015 households within a 3-mile radius, with a median home value of approximately $401,515 within a 2-mile radius. Wake County tax value for the entire building is $3,196,680. Parcel ID 1708908294. Zoned OX-4, Office Mixed Use, offering flexibility for professional office, medical, dental, health services, and other permitted commercial uses. Annual HOA dues are $2,500 for the entire building. Electricity averages approximately $1,073/month, and Wake County property taxes are approximately $27,878.24 annually. 701 Mutual Court offers existing income, built-in rental growth, and significant upside through occupancy or lease-up of the vacant second floor. Ideal for an investor, owner-user, or hybrid owner-user strategy in a high-growth North Raleigh and Research Triangle location. Schedule your showing today.

701 Mutual Ct Unit 100 200, Raleigh

Seller Representative Gillooly & Associates Realty

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