Property profile

3633 Harden Rd Raleigh, NC 27607

FOR LEASE
Medical Office Space
Property ID
US53-1989583
29,088 SF 3 ac lot Built 2000
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional two-story medical office building, located at 3633 Harden Rd in Raleigh, NC 27607, offers 31,540 square feet of high-end space. Built in 2000, the property features a recently updated lobby and restrooms, reflecting a commitment to modern aesthetics and functionality. The building boasts abundant parking, with a ratio of 3.49 spaces per 1,000 square feet, ensuring ample convenience for patients and staff. Currently, a single suite totaling 2,251 square feet is available for lease, presenting a unique opportunity for medical professionals seeking a well-maintained and conveniently located practice space. Its prime location in Wake County offers excellent accessibility, situated within walking distance of the Market Place at Lake Boone, providing easy access to a variety of restaurants, gyms, and retail establishments. Furthermore, its proximity to UNC Rex Hospital, I-440, I-40, Lake Boone Trail, and Blue Ridge Road ensures seamless connectivity throughout the Raleigh area. This property represents a compelling investment opportunity for those seeking a well-appointed medical office space in a thriving and accessible location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2000
Construction BRICK
Total area 29,088 SF
Lot 3 ac (130,680 SF)
Zoning code OX-3
APN 0785.20-80-2707 0018827
UPID US53-1989583

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
  • Spa & Massage Center Skin Care Clinic
  • Pediatrician Physician
  • Physician Medical Clinic
  • Spa & Massage Center Alternative Medicine Practice
  • Physician

Location

3633 Harden Rd Raleigh, NC 27607
Raleigh metro Census 52504 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.47M
CAP Approach CAP
$6.93M
Comparable Approach Comparable
$9.17M
Blend (final) Blend
$12.86M

Owner & transaction history

since 2022
Last sale
$11.4M
7 recorded transactions
2022
$11.4M
2022
Price N/A
2019
Price N/A
2019
$6.1M
2019
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
Neighborhood: shopping center $16.0M +74.7%
Restaurant $15.8M +72.4%
Retail stores $11.4M +24.6%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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