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    Turnkey Medical Office Suite Title is generated by Realmo AI

    10931 Raven Ridge Road, Raleigh, NC 27614

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    For Lease
    $32 SF/Yr $6,138/Mo (calc)

    COMMERCIAL - Raleigh, NC

    Type:Office
    Property size:
    2,302 SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 10931 Raven Ridge Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    PD
    Standard status
    Active
    APN
    172801059460004 0310872
    Size
    2,302 SF

    Taxes and HOA fees

    Tax Description
    Falls River Prof Cntr Cndo Bld1 Un109
    Tax Annual Amount
    5897

    Building Details

    Year built
    2001
    Floors in Building
    1

    We can help!

    Listing Contact
    Reyna Michelle

    Listing agent Reyna Michelle

    Listing office Alliance Real Estate Partners 279 Warm Wind Dr., Clayton, NC

    Listing date Jun 5, 2026

    MLS# 10172327

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2001‑built medical/professional office suite in the Falls River area of North Raleigh
    • Includes a reception and comfortable waiting room for client entry and flow
    • 7 private treatment/exam rooms for multiple providers or specialties
    • Kitchenette/break area for staff convenience
    • High‑end interior finishes with a move‑in ready condition
    • Located in a well‑maintained professional center with convenient access to Falls of Neuse Road

    Overview

    This turnkey medical/professional office suite is built out with high-end interior finishes and an efficient patient/client flow. The space includes a welcoming reception and comfortable waiting area, seven private treatment/exam rooms, and a convenient kitchenette or break area. Designed for day-to-day clinical and professional use, the layout supports both patient privacy and a polished arrival experience.

    The suite is located within a well-maintained professional center in the Falls River area of North Raleigh. The property is positioned with convenient access to Falls of Neuse Road and major North Raleigh neighborhoods, and it is identified as PD zoning.

    The configuration is well-suited for a range of medical and related uses, including wellness, aesthetic, therapy, and other professional office users who need multiple exam or treatment rooms in a finished, ready-to-occupy setting. For operators seeking a turnkey environment with dedicated private rooms and a reception/waiting area, this suite offers a practical foundation to support an enhanced client or patient experience from the start.
    Property Profile Location Intelligence

    Current Use by Public Records

    Falls River Professional ... Real Estate Agency Russell Harrell Pediatrician Amery Vein and Wellness ... Medical Clinic Noah Greenblatt, PA-C Medical Clinic Schiller Littl Stacey Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Szymeczek Sonja DVM — 10220 Durant Rd, Raleigh, NC 27614
    • Banfield Pet Hospital — 9630 Falls of Neuse Rd Ste 110, Raleigh, NC 27615
    • Twilight Meadows Mobile Vet - In Home Euthanasia Services — 10911 Raven Ridge Rd #103, Raleigh, NC 27614
    • Tams Todd DVM — 10220 Durant Rd, Raleigh, NC 27614

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.591511
    Latitude
    35.907181

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready suite with reception, seven private rooms, and kitchenette designed for medical or wellness practices.
    Where is this medical office space located?
    The property is located at 10931 Raven Ridge Road Raleigh, NC.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 2001‑built medical/professional office suite in the Falls River area of North Raleigh; Includes a reception and comfortable waiting room for client entry and flow; 7 private treatment/exam rooms for multiple providers or specialties
    (315) 521-9561
    We can help!
    Listing Contact
    Reyna Michelle
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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