Property summary
This exceptional 48,112-square-foot medical office building, situated at 4201 Lake Boone Trail in Raleigh, North Carolina (zip code 27607), presents a unique investment opportunity. The property, zoned O&I, is part of a seven-building campus directly across from Rex Hospital, offering unparalleled visibility and accessibility. The building features multiple tenancies, with a minimum divisible space of 1,319 square feet and currently 3,256 square feet of vacant space available. Ample parking is provided with 180 spaces for tenants and visitors. This prime West Raleigh location, within the Blue Ridge submarket cluster, benefits from its proximity to thriving shopping centers and established residential areas. Convenience is further enhanced by its walkable distance to the Rex Fitness Center and the North Carolina Museum of Art. The property sits on a 2.78-acre lot, offering potential for future expansion or development. This is an ideal opportunity for medical professionals seeking a high-profile location in a rapidly growing area. The building's size and layout cater to a variety of medical practices, offering flexibility for both established and emerging businesses. The strategic location and ample parking ensure high patient and staff satisfaction. This property offers a compelling combination of location, size, and amenities, making it a highly desirable investment.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Dental Office
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Dental Office
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Dental Office
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Physician Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
OX-3 · Raleigh, NCThe OX-3 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OX-3 in Raleigh, NC.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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