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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13300 Strickland Rd Raleigh, NC 27613-5220

    • Medical Office Space
    • 13,235 SF
    • 2.19 lot acres
    OFF-MARKET
    Value Estimations
    $2,880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1883873
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sanjay Patel, MD, MSc / Pediatrician / Physician
    • James Scott Gemmill / Pediatrician / Physician
    • Michele Roberts Casey / Pediatrician / Physician
    • Alicen M. Gillis, ANP-C / Physician
    • Christopher J. Rezzonico, DO, MS / Pediatrician / Physician

    Property Details for 13300 Strickland Rd

    Year built
    2006
    Construction
    BRICK
    Lot size
    2.19 lot acres
    Property size
    13,235 SF
    Zone code
    CX-3
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    0788.01-05-6587 0270676
    APU
    788010565870270676

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,065,000
      6.5%
      $2,830,000
      7%
      $2,630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,948,000
      Market price range: $776k - $3.16M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,175,000
      Current use
      COMMERCIAL (GENERAL)
      $4,295,000
      Change: +3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,900,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7275
    Latitude
    35.9082
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $44,353
    $1,369,630
    $2,699,444
    $4,069,074
    -
    $1,369,630
    $2,699,444
    $4,069,074

    Comparable in this City

    • Value Estimation by Request
      2,328 SF

      6801 Pleasant Pnes Dr Ste, Unit 102

      MEDICAL BUILDING • 2,328 SF
      6801 Pleasant Pnes Dr Ste, Raleigh, NC 27613-1939
      View Details
    • Value Estimation by Request
      1,728 SF

      9201 Leesville Rd Ste, Unit 160

      MEDICAL BUILDING • 1,728 SF
      9201 Leesville Rd Ste, Raleigh, NC 27613-7540
      View Details
    • Value Estimation
      $1,025,000
      7,178 SF

      8001 Creedmoor Rd Ste, Unit 200

      MEDICAL BUILDING • 7,178 SF
      8001 Creedmoor Rd Ste, Raleigh, NC 27613-4396
      View Details
    • Value Estimation
      $1,740,000
      8,463 SF

      6400 Creedmoor Rd

      MEDICAL BUILDING • 8,463 SF
      6400 Creedmoor Rd, Raleigh, NC 27613-4481
      View Details
    • Value Estimation
      $1,795,000
      10,734 SF

      8020 Creedmoor Rd

      MEDICAL BUILDING • 10,734 SF
      8020 Creedmoor Rd, Raleigh, NC 27613-4363
      View Details
    • Value Estimation
      $1,510,000
      6,415 SF

      7205 Stonehenge Dr

      MEDICAL BUILDING • 6,415 SF
      7205 Stonehenge Dr, Raleigh, NC 27613-1649
      View Details

    Similar Nearby for Sale

    • $219,900
      Pending

      Raleigh Office Suite For Sale

      Second-floor office suite with reception area and kitchenette.
      6531 Creedmoor Rd, Raleigh, NC 27613
      View Details
    • $219,900
      556 SF

      Second Floor Office Suite

      End-cap office suite with reception area and kitchenette.
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    • Contact for pricing

      Class A Office Space Available

      Class A office space in North Raleigh near Crabtree Valley.
      6500 Creedmoor Rd, Raleigh, NC 27613
      View Details
    • $290,000
      Pending

      Raleigh Land Building Opportunity

      Building lot in NW Wake County, ready to build.
      6917 Fiddleman Way, Raleigh, NC 27613
      View Details
    • Contact for pricing

      Vacant Land in Forest Trail

      1.12 acre vacant lot ready for new home construction.
      5429 Live Oak Rd, Raleigh, NC 27613
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    Similar Nearby for Lease

    • $23 SF/Yr
      3,298 SF

      Lynnwood Plaza: Raleigh Office Suites

      Prime Raleigh office space, multiple suites available.
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    • $32 SF/Yr
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      Raleigh Retail Space - Leesville Rd

      1,190 sq ft Retail Space in Prime Location
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      Retail Space Anchored by Trader Joe's

      Community shopping center in North Raleigh, anchored by major retailers.
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      127,106 SF

      Leesville Towne Centre Retail Space

      High-traffic Raleigh retail space available.
      0 Strickland Rd. & Leesville Rd, Raleigh, NC 27613
      View Details
    • Contact for pricing

      Retail Space in Leesville Towne

      Prominent retail position in Northwest Raleigh, anchored by Harris Teeter.
      13210 Strickland Rd, Raleigh, NC 27613
      View Details
    • Contact for pricing

      Retail Space Anchored by Harris Teeter

      Retail space available in a busy North Raleigh shopping center.
      8371 Creedmoor Rd, Raleigh, NC 27613
      View Details
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    13300 Strickland Rd
    Raleigh, NC 27613-5220
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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.

    More about this property
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