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Property profile & analytics
FOR LEASE
Medical Office Space
3921 Sunset Ridge Rd, Raleigh, NC 27607
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-2029485
For Lease
1 / 16
$3,120,000
3921 Sunset Ridge Rd, Raleigh, NC 27607
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
BRICK
Total area
22,050 SF
Lot
1.04 ac (45,302 SF)
Zoning code
OX-5
APN
0785.19-60-6795 0018266
UPID
US53-2029485
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
-
Wake County Med Society Annex Medical Clinic
-
Priyanka C. Vedak, MD Physician Medical Clinic
-
Hart & Hickman Environmental Consultant
-
SOLUTIONS pdm Consultant
-
Amy W. Fox, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.12M
Owner & transaction history
Hta-sunset Ridge Two LLC · 7 yrs held
Hta-sunset Ridge Two LLC
since 2018
7 recorded transactions
Zoning & alternative use
OX-5 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$40,989
Tax year 2023
Assessed value
$3,760,503
Assessed 2023
Previous assessed
$3,760,503
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$587,114
Assessed improvement
$3,173,389
Land market value
$587,114
Improvement market value
$3,173,389
Total market value
$3,760,503
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2001
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Rooms
6
Bathrooms
1
Total area
22,050 SF
Lot
1.04 ac (45,302 SF)
Zoning code
OX-5
APN
0785.19-60-6795 0018266
UPID
US53-2029485
Jurisdiction
WAKE
Zoning & alternative use
OX-5 · Raleigh, NC
Zoning OX-5 · permitted uses
OX-5 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
3
Rooms
6
Bathrooms
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Hta-sunset Ridge Two LLC
Entity
Free & Clear · 7 yrs held
Mailing address
16435 N SCOTTSDALE RD STE #320, SCOTTSDALE, AZ 85254-1694
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2018
$3,360,000
Hta-sunset Ridge Two LLC
Velocis Sunset LP
Grant Deed
—
Mar 27, 2017
—
Velocis Sunset LP
—
Trustees Deed
related
$4,875,000 · Southside Bk
Mar 10, 2014
$4,937,500
Velocis Sunset LP
Jdl Investments LLC
Grant Deed
$3,410,000 · Jp Morgan Chase Bank NA
Jul 9, 2009
—
Jdl Investments LLC
—
Deed Of Trust
related
$3,497,401 · Suntrust Bank NA
Apr 8, 2005
$1,024,000
Olde South Homes LLC
Lattie F Floyd
Warranty Deed
—
—
—
Jdl Investments LLC
—
Deed Of Trust
related
$3,160,000 · Mtl Insurance Co
—
—
Jdl Investments LLC
—
Deed Of Trust
related
$800,000 · Crescent State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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