Medical Office
For Sale
$4,700,000
3521 Haworth Dr, Raleigh, NC 27609
Established medical office setting near Midtown Raleigh amenities and I-440 access.
Property Size19,322 SF
Days on Market230
Property Features for 3521 Haworth Dr
General Information
Standard status
Active
Size
19,322 SF
Class
B
Property subtype
Medical/Healthcare
Additional Details
Highway Access
Yes
Building Details
Building Size
19,322 SF
Year Built
1986
Properties For Sale
at 3521 Haworth Dr
3521 Haworth Drive
Size
19,322 SF
Lease Type
NNN
Listing Agency:
Tri Properties
Listed By:
Gray Creech
(919) 880-0284
Source:
Thebrokerlist
Added: Feb 18
Changed: Sep 22
Last Checked: Oct 5 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tri Properties
Investment Insights
Based on property information with market context.
Medical office space constructed in 1986, positioned near Raleigh’s Midtown area and the North Hills neighborhood. The surrounding area includes dining, shopping, and residential amenities that support an established professional setting.
The property is located less than 1 mile from I-440, providing convenient access to the regional roadway network. Its medical office configuration and Midtown-area location support continued use as a professional healthcare property.
The property is located less than 1 mile from I-440, providing convenient access to the regional roadway network. Its medical office configuration and Midtown-area location support continued use as a professional healthcare property.
Key Highlights
- Medical office space near Raleigh’s Midtown area
- Built in 1986
- Less than 1 mile from I‑440
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$299,139
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,982,780
$6.0M
Cap Rate 7%
$4,273,414
$4.3M
Cap Rate 9%
$3,323,767
$3.3M
Market Conditions
NOI Build-Up for 19,322 SF
Gross rent
$544.9K $28.20/SF
− Vacancy
−$46.3K −$2.40/SF
EGI
$498.6K $25.80/SF
− OpEx
−$199.4K −$10.32/SF
NOI
$299.1K $15.48/SF
Area
Raleigh, NC
Vacancy
8.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,982,780
Cap Rate 7%
$4,273,414
Cap Rate 9%
$3,323,767
Alternative Uses
Best Use
Healthcare Medical
$4.27M
$3.74M – $4.99M
NOI $299,139 @ 7.0% cap · market cap 6.36%
Second Best
Office B
$3.82M
$3.35M – $4.46M
NOI $267,664 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$5.31M
$4.65M – $6.20M
NOI $371,707 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,837
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27609, NC
36,218
Population
19,740
Households
1.8
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
3,323
Density / Sq Mi
$81,538
Median Household Income
$53,670
Median Earnings
$1,393
Median Rent
$441,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical office setting near Midtown Raleigh amenities and I-440 access.
Where is this medical office space located?
The property is located at 3521 Haworth Dr Raleigh, NC.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Medical office space near Raleigh’s Midtown area; Built in 1986; Less than 1 mile from I‑440
