Property profile

4301 Lk Boone Trl Raleigh, NC 27607

OFF-MARKET
Medical Office Space
Property ID
US53-1461970
40,363 SF 2.51 ac lot Built 1989
Entity Owned 2-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Financial Advisor
  • Medical Clinic
  • Physician
  • Physician Medical Clinic
  • Medical Clinic

Location

4301 Lk Boone Trl Raleigh, NC 27607-0103
Raleigh metro Census 52504 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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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

since 2024
Last sale
$13.2M
1 recorded transaction
2024
$13.2M

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 $15.9M +24.6%
Commercial (general) $13.1M +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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