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    OFF-MARKET Estimated value $13,160,000
    Medical Office Space

    4301 Lk Boone Trl, Raleigh, NC 27607-0103

    40,363 SF 2.51 ac lot Built 1989
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US53-1461970
    Property summary
    AI-generated overview

    This exceptional three-story Class B medical office building, Rexwoods I, located at 4301 Lake Boone Trail in Raleigh, NC 27607, offers 41,838 square feet of space. Built in 1990, the building is situated in the desirable West Raleigh submarket, specifically the Blue Ridge cluster. The property currently features two suites, with 1,600 square feet of immediately available space. This space represents a minimum divisible unit, while the maximum contiguous space available is 2,714 square feet. The building's strategic location provides excellent accessibility and visibility. Ideal for medical practices seeking efficient and well-maintained office space in a thriving area. The building's multiple tenancy structure offers flexibility for various medical specialties. Interested parties should note that the building is a three-story structure. This presents a unique opportunity for medical professionals to establish or expand their practice in a highly sought-after location within the Raleigh-Durham metropolitan area. Inquire today to learn more about leasing opportunities within this well-maintained medical office building.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1989
    Construction BRICK
    Total area 40,363 SF
    Lot 2.51 ac (109,336 SF)
    Zoning code OX-3
    APN 0785.20-81-4583 0050071
    UPID US53-1461970
    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
    • Edward Jones - Financial Advisor: Claren W Englebreth, CFP®|AAMS™ Financial Advisor
    • Raleigh TEACCH Center Medical Clinic
    • Michael N. Zarzar, MD Physician
    • Ashley Hester Physician Medical Clinic
    • Sheryll A. Daniel, PHD Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $13.16M
    CAP Approach CAP
    $9.62M
    Comparable Approach Comparable
    $10.82M
    Blend (final) Blend
    $13.16M
    Owner & transaction history
    Egmp 4301 Lake Boone Trail LLC · 2 yrs held
    Egmp 4301 Lake Boone Trail LLC
    since 2024
    Last sale
    $13.2M
    1 recorded transaction
    2024
    $13.2M
    Zoning & alternative use
    OX-3 · Raleigh, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $15.9M +24.6%
    Commercial (general) $13.1M +2.9%
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