Property profile

3124 Blue Rdg Rd Raleigh, NC 27612

OFF-MARKET
Medical Office Space
Property ID
US53-0854774
7,515 SF 0.85 ac lot Built 1988
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,020-square-foot medical office space is ideally situated within the vibrant Rex Hospital Complex in Raleigh, North Carolina. Located at 3124 Blue Ridge Rd, zip code 27612, this single-tenant property offers a prime location for medical professionals seeking established patient access and high visibility. The building itself is a well-maintained triplex, providing a professional and collaborative environment. The property features separate and private entryways for each tenant, ensuring patient privacy and a streamlined workflow. This particular unit is perfect for a variety of medical practices. The property benefits from ample parking, divided into convenient patient and provider parking lots, ensuring easy access for both patients and staff. The building's location within the Rex Hospital Complex provides immediate access to a large pool of potential patients and a strong referral network. The other two tenants in the triplex are established medical clinics, one specializing in retina care and the other in pediatrics, further enhancing the professional atmosphere and patient base. This is a rare opportunity to acquire a well-located, single-tenant medical office space in a thriving medical hub. The property is located in Wake County, North Carolina.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Construction FRAME
Total area 7,515 SF
Lot 0.85 ac (37,026 SF)
Zoning code OX-3
APN 0785.16-83-2824 0071934
UPID US53-0854774

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
  • Medical Clinic Pediatrician
  • Employment Agency
  • Pediatrician Medical Clinic
  • Pediatrician Medical Clinic

Location

3124 Blue Rdg Rd Raleigh, NC 27612-8041
Raleigh metro Census 52504 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.11M
CAP Approach CAP
$1.79M
Comparable Approach Comparable
$1.71M
Blend (final) Blend
$2.09M

Owner & transaction history

since 2020
Last sale
$1.6M
7 recorded transactions
2020
$1.6M
2019
Price N/A
2018
Price N/A
2018
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

OX-3 · Raleigh, NC
Zoning description

The OX-3 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options

General category MIXED_USE
Top alternative use upside
Commercial (general) $2.4M +2.9%

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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