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    1500 Garner Rd Raleigh, NC 27610

    Sponsored
    For Lease
    $12 SF/Yr

    Prime Raleigh medical office, high visibility.

    Lot size:
    43,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 43,000 square foot medical office building, situated on 2.39 acres at 1500 Garner Rd, Raleigh, NC 27610 (Saints Ave @ Garner Rd), presents a unique investment opportunity. Built in 1990 and renovated in 2018, this Class C, two-story building boasts 9,500 square feet of vacant space within a single-tenant occupancy structure. The property features an 8-foot ceiling height, 208-volt 3-phase power, and a single handicap-accessible elevator. Its IX-3 zoning designation and location in the Downtown Raleigh South submarket, specifically the Garner Road cluster, offer significant advantages. The building enjoys a premium, high-profile location directly facing Garner Road, benefiting from exceptional visibility in a rapidly developing area. Surrounding development includes numerous new mid-rise rezonings and constructions, along with over 800 new high-end apartments within a short distance. The building's original design catered to medical practices, with the upper floor ideally suited for medical billing. This property offers a compelling combination of established infrastructure and significant growth potential within a thriving Raleigh neighborhood.

    Property Features for 1500 Garner Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,000 SF
    Class
    C
    Total Rate
    43000

    Building Details

    Year Built/Renovated
    1990/2018
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    9,500 SF
    Rate per SF
    $24

    HighLights

    • 43,000 SF medical office building on 2.39 acres in Raleigh, NC.
    • Class C, two‑story building with 9,500 SF of vacant space, built in 1990, renovated in 2018.
    • Currently houses a church, municipal water/sewer developer, pest control provider, and general contractor; turnkey and ready for new tenants.
    • Features include handicap elevator, multiple bathrooms and kitchens, ample parking, and a high‑profile location with excellent visibility on Garner Rd.
    • IX‑3 zoning in a rapidly developing area with nearby new apartments and mid‑rise construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    A Plus Family Care ... Medical Clinic Transformation Christian Church Church ACI Precast Manufacturer Megan Mcmanus Nurse Practitioner Transformation Christian Church ... Christian Church

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.631472611406
    Latitude
    35.760869970546

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    FAQs

    What type of property is this?
    Medical office - Prime Raleigh medical office, high visibility.
    Where is this medical office located?
    The property is located at 1500 Garner Rd Raleigh, NC.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 43,000 SF medical office building on 2.39 acres in Raleigh, NC.; Class C, two-story building with 9,500 SF of vacant space, built in 1990, renovated in 2018.; Currently houses a church, municipal water/sewer developer, pest control provider, and general contractor; turnkey and ready for new tenants.
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    1500 Garner Rd Raleigh, NC 27610
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    Raleigh, NC 27610
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1500 Garner Rd Raleigh, NC 27610
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