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    Property profile & analytics
    OFF-MARKET Estimated value $13,710,000
    Medical Office Space

    4201 Lk Boone Trl, Raleigh, NC 27607-7512

    50,220 SF 2.78 ac lot Built 1998
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US53-2203856
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • North Carolina Heart & Vascular (Capital Heart) Medical Clinic
    • Raleigh Facial Pain Center Dental Office
    • Roy E. Gaines, Jr., D.D.S., M.D., P.A. Dental Office
    • Dr. Keith A. Yount, DDS Dental Office
    • Peter Battis, EDD Physician Medical Clinic
    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
    Egmp 2401 Lake Boone Trail LLC · 2 yrs held
    Egmp 2401 Lake Boone Trail LLC
    since 2024
    Last sale
    $13.7M
    3 recorded transactions
    2024
    $13.7M
    2011
    $8.8M
    2004
    Zoning & alternative use
    OX-3 · Raleigh, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $19.7M +24.6%
    Commercial (general) $16.3M +2.9%
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