Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3713 Benson Dr Raleigh, NC 27609-7371

    • Medical Office Space
    • 13,158 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $2,795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0396695
    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

    • Raleigh City North Carolina Dentist James Sarant DMD / Dental Office
    • The Dental Market / Dental Office
    • WakeMed Heart & Vascular - Vascular Surgery / Medical Clinic / Hospital
    • Carolina Vascular / Physician / Hospital
    • Dr. Joseph Salfity / Physician / Hospital

    Property Details for 3713 Benson Dr

    Year built
    2000
    Construction
    BRICK
    Lot size
    1.01 lot acres
    Property size
    13,158 SF
    Zone code
    OX-3
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    1715.06-28-6780 0102760
    APU
    1715062867800102760

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,395,000
      6.5%
      $3,135,000
      7%
      $2,910,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,170,000
      Market price range: $2.28M - $4.06M
      AI Estimate
      $2,080,000
      Market price range: $812k - $3.27M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,260,000
      Current use
      COMMERCIAL (GENERAL)
      $4,270,000
      Change: +31% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,880,000
      Change: +19% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,970,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6198
    Latitude
    35.834
    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
    $22,434
    $352,408
    $1,705,801
    $2,058,209
    -
    $352,408
    $1,705,801
    $2,058,209

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      4016 Barrett Dr, Unit 13A

      MEDICAL BUILDING • 1,000 SF
      4016 Barrett Dr, Raleigh, NC 27609-6623
      View Details
    • Value Estimation
      $755,000
      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
      $1,990,000
      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
      $4,030,000
      21,768 SF

      3900 Browning Pl

      MEDICAL BUILDING • 21,768 SF
      3900 Browning Pl, Raleigh, NC 27609-6508
      View Details
    • Value Estimation
      $8,715,000
      24,804 SF

      3604 Bush St

      MEDICAL BUILDING • 24,804 SF
      3604 Bush St, Raleigh, NC 27609-7511
      View Details
    • Value Estimation
      $2,125,000
      9,652 SF

      1101 Dresser Ct

      MEDICAL BUILDING • 9,652 SF
      1101 Dresser Ct, Raleigh, NC 27609-7302
      View Details

    Similar Nearby for Sale

    • $3,640,000

      Medical Building For Sale

      Single-tenant medical building with surgery center build-out.
      3613 Haworth Dr, Raleigh, NC 27609
      View Details
    • $900,000
      3,128 SF

      Medical Office Condo For Sale

      3,128 SF medical office condo in prime Raleigh location.
      3396 Six Forks Rd, Raleigh, NC 27609
      View Details
    • $900,000
      3,128 SF

      Medical Office Condo Investment Opportunity

      Well-maintained medical office condo in prime Raleigh location for sale.
      3396 Six Forks Rd, Raleigh, NC 27609
      View Details
    • Contact for pricing

      Fully Leased Dental Building

      Multi-tenant dental building with long-term leaseback in Raleigh, NC.
      3803-A Computer Dr, Raleigh, NC 27609
      View Details
    • $900,000
      3,128 SF

      Raleigh Medical Office Condo Investment

      High-yield medical office, prime location, leased.
      3396 Six Forks Rd, Raleigh, NC 27609
      View Details
    • $215,000
      526 SF

      Raleigh Office Building - $215,000

      Prime 526 sq ft office suite in Raleigh, NC.
      111 Windel Dr, Raleigh, NC 27609
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      86,079 SF

      Modern Office Space in Raleigh

      Office space at The Exchange Raleigh, a modern, vibrant crossroads.
      3301 Benson Dr, Raleigh, NC 27609
      View Details
    • $1,995 /Mo
      900 SF

      Raleigh Office Space For Rent

      First-floor office space near North Ridge Shopping Center.
      1100 Logger Ct, Raleigh, NC 27609
      View Details
    • Contact for pricing

      North Hills Tower II

      Meet, work or collaborate in our professional Columbia Center business center
      4242 Six Forks Rd, Raleigh, NC 27609
      View Details
    • $23 SF/Yr
      75,246 SF

      Executive Suites, Raleigh, NC

      Premium Office Space, I-440 Access
      5000 Falls Of Neuse Rd, Raleigh, NC 27609
      View Details
    • $28 SF/Yr
      169,700 SF

      Raleigh Executive Office Suites

      Class A Office Space, Multiple Tenancies Available
      4505 Falls Of Neuse Rd, Raleigh, NC 27609
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3713 Benson Dr
    Raleigh, NC 27609-7371
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!