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    Property profile & analytics
    OFF-MARKET Estimated value $2,860,000
    Retail space

    3721 Lynn Rd, Raleigh, NC 27613-3854

    18,983 SF 2.11 ac lot Built 1997
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US53-0393028
    Property summary
    AI-generated overview

    This exceptional opportunity presents two available office spaces within the nine-unit Lynnwood Plaza, a thriving retail and professional office center located in Northwest Raleigh at 3721 Lynn Rd, 27613. The suites range from 1,182 to 2,116 square feet, offering flexibility for businesses of various sizes. The property is ideally situated off Lynn Road, providing convenient access to US 70/Glenwood Avenue, ensuring high visibility and easy commutes for employees and clients. Benefit from the high traffic volume of approximately 13,000 vehicles daily on Lynn Road. Lynnwood Plaza boasts a diverse mix of established tenants, including destination retail, medical practices (doctors' offices and a veterinarian), and other professional offices, creating a vibrant and synergistic environment. The property's location offers proximity to major retailers such as Target, Lowe's, and Cinemark Bistro, enhancing convenience and attracting a substantial customer base. This is a rare chance to secure office space in a well-established, high-traffic location within a successful retail and professional complex in Wake County, North Carolina. The property type is classified as Retail and Office, with the available spaces categorized as Traditional Office, Executive Office, Medical Office, and Creative Office, making it suitable for a wide range of businesses. Multiple tenancies are available.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1997
    Construction CONCRETE BLOCKS
    Total area 18,983 SF
    Lot 2.11 ac (91,912 SF)
    Zoning code NX-3
    APN 0787.14-42-5677 0051818
    UPID US53-0393028
    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
    • Spelios Louis DDS Dental Office
    • Womens Primary Care: Hoyte Sandy MD Physician
    • Women's Primary Care Medical Clinic
    • Dr. Brian Meckler Dental Office
    • Dr. Brent Tobin Alternative Medicine Practice
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.75M
    Comparable Approach Comparable
    $2.05M
    Blend (final) Blend
    $2.86M
    Owner & transaction history
    Lynnwood Road Center LLC · 8 yrs held
    Lynnwood Road Center LLC
    since 2017
    4 recorded transactions
    2017
    $3.2M
    2008
    $2.8M
    2005
    $2.8M
    2005
    Zoning & alternative use
    NX-3 · Raleigh, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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