Property profile

11200 Galleria Ave Raleigh, NC 27614

OFF-MARKET
Medical Office Space
Property ID
US53-0674312
41,552 SF 0.61 ac lot Built 2008
Entity Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2008
Construction BRICK
Total area 41,552 SF
Lot 0.61 ac (26,572 SF)
Zoning code CX-5
APN 1830.04-50-4202 0360685
UPID US53-0674312

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
  • Physician
  • Physician
  • Gym & Fitness Center Alternative Medicine Practice
  • Physician
  • Physician

Location

11200 Galleria Ave Raleigh, NC 27614-8137
Raleigh metro Census 54212 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$9.90M
Comparable Approach Comparable
$4.79M
Blend (final) Blend
$7.36M

Owner & transaction history

since 2008
2 recorded transactions
2012
Price N/A
2008
$627,500

Zoning & alternative use

CX-5 · Raleigh, NC
Zoning description

ility Sec. 3.3.1. Applicability Each Mixed Use District must include one of the following height designations. The designation establishes the maximum height in stories and feet for each mixed use district. For example,…

General category MIXED_USE

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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