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    OFF-MARKET
    Medical Office Space

    323 Hospital Rd, Zebulon, NC 27597-2542

    2,340 SF 0.77 ac lot Built 1960
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-1992117
    Property summary
    AI-generated overview

    This exceptional 2,340-square-foot medical office building presents a unique investment opportunity in the thriving town of Zebulon, North Carolina. Located at 323 Hospital Road, this Class C property boasts a prime location with high visibility and traffic counts, ensuring excellent accessibility for patients and clients. Built in 1960, the building sits on a sizable 0.77-acre lot, offering ample space and potential for expansion or future development. Currently operating at 100% occupancy, this property provides immediate cash flow and a stable investment. The property's location in Wake County, North Carolina, offers convenient access to major transportation routes and a growing community. The building's 2,340 square feet provide ample space for a variety of medical practices or related businesses. This turnkey operation is ready for a new owner to step in and continue its success. The property's age presents an opportunity for potential renovations and upgrades to further enhance its value and appeal. The substantial lot size offers flexibility for future expansion or redevelopment. This is an excellent opportunity to acquire a well-located, fully occupied medical office building in a desirable market. Broker co-op is available.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1960
    Construction FRAME
    Total area 2,340 SF
    Lot 0.77 ac (33,541 SF)
    Zoning code OI
    APN 1795.16-93-3727 0070173
    UPID US53-1992117
    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
    • Blakeley Dean MD PA Physician
    • Dean Dewayne Blakeley 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
    by Request
    Owner & transaction history
    Michael Terry Parks · 1 yrs held
    Michael Terry Parks
    since 2025
    1 recorded transaction
    2025
    $448,000
    Zoning & alternative use
    OI · Zebulon, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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