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Property profile & analytics
OFF-MARKET
Estimated value
$8,110,000
Medical Office Space
2501 Atrium Dr, Raleigh, NC 27607-0160
Entity Owned
~
Est. High Equity
Property ID
US53-1312101
Property summary
AI-generated overview
Rexview Professional Plaza, located at 2501 Atrium Drive in Raleigh, North Carolina, offers prime executive office space for lease. This 38,985 square foot building, situated on a 1.45-acre lot, was constructed in 1984 and is zoned O&I-1. Currently, there are 8,782 square feet of vacant space available, divisible into units ranging from a minimum of 3,314 square feet to a maximum contiguous space of 5,468 square feet. The building is ideal for businesses seeking flexible and modern office accommodations in a convenient Raleigh location. The property's multiple tenancy structure allows for a diverse range of businesses to coexist. Its Wake County location provides easy access to major transportation routes and amenities. The building's executive office subtype caters to businesses requiring a professional and sophisticated work environment. Interested parties should inquire about available space and lease terms. The property's address is 2501 Atrium Drive, Raleigh, NC 27607.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
BRICK
Total area
41,935 SF
Lot
1.45 ac (63,162 SF)
Zoning code
OX-5
APN
0785.19-61-5519 0124907
UPID
US53-1312101
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
North Carolina Polygraph Services, Inc. Law Firm
-
Kasey Nagy Physician
-
Dr. Lori Travers Ophthalmologist
-
Kerry Autry Midwife
-
Sankar Adusumilli Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.11M
Owner & transaction history
3801 Barrett Drive LLC
3801 Barrett Drive LLC
since 2025
7 recorded transactions
Zoning & alternative use
OX-5 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$13,225,000
Current use
AUTO REPAIR, GARAGE
$12,365,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$8.11M
Range $7.30M – $8.92M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Total area
41,935 SF
Lot
1.45 ac (63,162 SF)
Zoning code
OX-5
APN
0785.19-61-5519 0124907
UPID
US53-1312101
Jurisdiction
WAKE
Zoning & alternative use
OX-5 · Raleigh, NC
Zoning OX-5 · permitted uses
OX-5 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$12.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
5
Lot
1.45 ac
Current owner
From public records · entity-resolved
3801 Barrett Drive LLC
Entity
Mailing address
PO BOX 1866, PITTSBORO, NC 27312-1866
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2025
$1,165,000
3801 Barrett Drive LLC
Loturco LLC
Warranty Deed
$990,250 · First National Bank Of Pennsylvania
Sep 2, 2021
—
Moray Properties Of Central Carolin
—
Deed
related
$20,000,000 · Citibank NA
Jul 29, 2021
—
Atrium Group LLC
—
Deed
related
$423,893 · The Fidelity Bank
Dec 11, 2020
—
Wop Raleigh Holdings LLC
—
Deed
related
$3,391,500 · Truist Bank
Apr 2, 2020
—
Moray Prop Of Ctrl Carolina LLC
—
Deed
related
$30,000,000 · Danielle Farnham
Oct 7, 2019
$376,500
Nmc Ventures LLC
Cdm Ventures LLC
Warranty Deed
$301,250 · Fidelity Bk
Mar 21, 2019
$620,000
Stickie Investments LLC
Wop Raleigh Holdings LLC
Warranty Deed
$479,210 · Southern Bk
Mar 18, 2019
$355,000
Cdm Ventures LLC
Stickie Investments LLC
Grant Deed
—
Aug 8, 2018
—
Moray Prop Of Ctrl Carolina Ll
—
Grant Deed
related
$3,000,000 · Pinnacle Bk
May 2, 2018
$230,000
Atrium Group LLC
Medical Arts Building-raleigh
Warranty Deed
$172,500 · Wells Fargo Bk
Dec 29, 2017
—
Shattuck Building LLC
—
Deed
related
$212,500 · Branch Bk&tr
Dec 22, 2016
—
Wop Raleigh Holdings LLC
—
Deed
related
$325,000 · Branch Bk&tr
Nov 20, 2007
$2,600,000
Wop Raleigh Holdings LLC
Medical Arts Building-raleigh
Warranty Deed
related
$3,850,000 · North State Bank
Dec 21, 1999
—
David J Sawyer
Medical Arts Bui
Grant Deed
related
—
—
—
Wop Raleigh Holdings LLC
—
Deed Of Trust
related
$130,725 · Medical Arts Building-raleigh
—
—
Medical Arts Building-raleigh
—
Deed Of Trust
related
$3,272,000 · Wachovia Bank NA
—
—
Wop Raleigh Holdings LLC
—
Deed Of Trust
related
$448,000 · Rbc Bank (usa)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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