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Property profile & analytics
OFF-MARKET
Estimated value
$22,455,000
Medical Office Space
2901 Blue Rdg Rd, Raleigh, NC 27607-6423
Entity Owned
Free & Clear
Property ID
US53-2629625
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Construction
BRICK
Total area
143,357 SF
Lot
4.39 ac (191,228 SF)
Zoning code
OX-12
APN
0785.15-73-2641 0474687
UPID
US53-2629625
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
-
Julie Huffman, SLP Physician
-
Rex Hospital Radiation Oncology Hospital
-
UNC REX Cancer Center Medical Clinic Hospital
-
REX Hematology Oncology Associates-Blue Ridge Hospital
-
Matthew E. Nielsen, MD, MS, FACS Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.46M
Owner & transaction history
REX HOSPITAL INC
REX HOSPITAL INC
Zoning & alternative use
OX-12 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$157 / 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
Assessed value
$31,086,858
Assessed 2023
Previous assessed
$31,086,858
+0.0% YoY
Assessed land
$2,478,322
Assessed improvement
$28,608,536
Land market value
$2,478,322
Improvement market value
$28,608,536
Total market value
$31,086,858
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
2021
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
143,357 SF
Lot
4.39 ac (191,228 SF)
Zoning code
OX-12
APN
0785.15-73-2641 0474687
UPID
US53-2629625
Jurisdiction
WAKE
Zoning & alternative use
OX-12 · Raleigh, NC
Zoning OX-12 · permitted uses
OX-12 · 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.
Building & site characteristics
From public records
Year built
2021
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
4.39 ac
Current owner
From public records · entity-resolved
REX HOSPITAL INC
Entity
Free & Clear · 0 yrs held
Mailing address
4420 LK BOONE TRL, RALEIGH, NC 27607-7505
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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