Property profile

3840 Ed Dr Raleigh, NC 27612

OFF-MARKET
Office Spaces
4,902 SF Built 2007
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Property summary

AI-generated overview

This exceptional 4,902 square foot medical office building, constructed in 2007 and renovated in 2012, presents a compelling investment opportunity in Raleigh, NC. Located at 3840 Ed Dr, 27612, this property boasts convenient access to major thoroughfares, including I-40 and I-440, ensuring effortless commutes for both staff and patients. Its prime location offers close proximity to Rex Hospital, Durham, the Research Triangle Park (RTP), and Raleigh-Durham International Airport (RDU), maximizing visibility and accessibility. The interior layout is thoughtfully designed to accommodate a variety of medical practices, featuring private medical offices, examination rooms, and a comfortable waiting area. Additional space includes a dedicated storage/workroom area. The property includes first-come, first-served parking at a ratio of 3.7 spaces per 1,000 square feet. Further enhancing its appeal, the building is within walking distance of local restaurants and amenities. The property features an ADA-compliant shower. The purchase price is $1,750,000. Existing furniture and equipment are available for separate purchase. Note that water/sewer, roof maintenance, property insurance, and parking lot maintenance are covered by the Property Owners Association (POA) dues.

Property profile

Verified
Property type Office Spaces
Year built 2007
Total area 4,902 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Loan Service Bank
  • Real Estate Agency
  • Pediatrician Physician

Location

3840 Ed Dr Raleigh, NC 27612
Raleigh metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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