Property profile

4201 Lk Boone Trl Raleigh, NC 27607

OFF-MARKET
Medical Office Space
Property ID
US53-2203856
50,220 SF 2.78 ac lot Built 1998
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1998
Total area 50,220 SF
Lot 2.78 ac (121,097 SF)
Zoning code OX-3
APN 0785.20-81-8541 0019634
UPID US53-2203856

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
  • Medical Clinic
  • Dental Office
  • Dental Office
  • Dental Office
  • Physician Medical Clinic

Location

4201 Lk Boone Trl Raleigh, NC 27607-7512
Raleigh metro Census 52504 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$13.71M
CAP Approach CAP
$11.96M
Comparable Approach Comparable
$13.64M
Blend (final) Blend
$13.71M

Owner & transaction history

since 2024
Last sale
$13.7M
3 recorded transactions
2024
$13.7M
2011
$8.8M
2004
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
Retail stores $19.7M +24.6%
Commercial (general) $16.3M +2.9%

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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