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    Property profile & analytics

    3604 Bush St Raleigh, NC 27609-7511

    • Medical offices
    • 24,804 SF
    • 4.24 lot acres
    OFF-MARKET
    Value Estimation
    $11,730,000
    Last Sale
    Oct 05, 2020
    $9,395,000
    Location Intelligence
    Property ID
    US53-1676129
    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

    • Rancour Corp / General Contractor
    • William L. Fan, M.D. / Nephrologist
    • Sarah Mistrot / Physician Assistant
    • Deborah B. Berg, RD / Nutritionist
    • Fresenius Kidney Care Wake / Dialysis Center

    Property Details for 3604 Bush St

    Year built
    1992
    Construction
    BRICK
    Lot size
    4.24 lot acres
    Property size
    24,804 SF
    Zone code
    IX-3
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1715.07-58-6112 0189973
    APU
    1715075861120189973

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,365,000
      6.5%
      $10,265,000
      7%
      $9,020,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,170,000
      Geo Method
      $10,860,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,580,000
      Retail
      $8,500,000
      Mixed-Use
      $8,610,000
      Hospitality
      $8,035,000
      Educational
      $9,940,000
      Residential Income
      $9,965,000
      Energy
      $11,160,000
      Income-Based Land
      $9,665,000
      Food Service
      $9,215,000

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6102
    Latitude
    35.8321
    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
    $48,189
    $1,113,705
    $3,307,303
    $4,421,008
    -
    $1,113,705
    $3,307,303
    $4,421,008

    Comparable in this City

    • Value Estimation
      $175,000
      1,000 SF

      4016 Barrett Dr, Unit 13A

      MEDICAL BUILDING • 1,000 SF
      4016 Barrett Dr, Raleigh, NC 27609-6623
      View Details
    • Value Estimation
      $750,000
      3,053 SF

      5904 6th Frks Rd Ste, Unit 101

      MEDICAL BUILDING • 3,053 SF
      5904 6th Frks Rd Ste, Raleigh, NC 27609-8228
      View Details
    • Value Estimation by Request
      9,926 SF

      3320 Executive Dr Ste, Unit 111

      MEDICAL BUILDING • 9,926 SF
      3320 Executive Dr Ste, Raleigh, NC 27609-7445
      View Details
    • Value Estimation
      $3,985,000
      21,768 SF

      3900 Browning Pl

      MEDICAL BUILDING • 21,768 SF
      3900 Browning Pl, Raleigh, NC 27609-6508
      View Details
    • Value Estimation by Request
      9,652 SF

      1101 Dresser Ct

      MEDICAL BUILDING • 9,652 SF
      1101 Dresser Ct, Raleigh, NC 27609-7302
      View Details
    • Value Estimation by Request
      18,408 SF

      3410 Executive Dr

      MEDICAL BUILDING • 18,408 SF
      3410 Executive Dr, Raleigh, NC 27609-7450
      View Details

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    Similar Nearby for Lease

    • $24 SF/Yr
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      Furnished Office Space in Raleigh

      Class A office space in Raleigh's Midtown submarket.
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      View Details
    • $25 SF/Yr
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      Raleigh Medical/General Office Space

      Highly accessible Raleigh location, ideal for medical or office use.
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    • $1,400 /Mo
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    • Contact for pricing
      133,361 SF

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      12-story mixed-use tower with retail and parking.
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    • $93 SF/Yr
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      North Hills Tower II Office Suites

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      Raleigh Office Space: Campus North

      Prime North Raleigh Office - 2,192 SF Available
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      View Details
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    3604 Bush St
    Raleigh, NC 27609-7511
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    Realmo Value Estimation

    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.

    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.

    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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