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Property summary
This exceptional Class B medical office building, Rexwoods IV, offers 41,775 square feet of space in the desirable West Raleigh submarket, specifically the Blue Ridge cluster. Located at 4325 Lake Boone Trail, Raleigh, NC 27607, this single, three-story building boasts 13,925 square foot floorplates and provides convenient access to major thoroughfares, including I-40 and I-440, ensuring easy commutes to Downtown Raleigh, Cary, and the Research Triangle Park (RTP). Currently, 15,870 square feet of space is available, divisible into units ranging from a minimum of 1,332 square feet to a maximum contiguous space of 9,667 square feet. Built in 1991, the property features ample parking (4:100 ratio) and on-site property management and maintenance. Its prime location directly across from UNC Rex Hospital, a nationally recognized hospital, makes this an ideal location for medical practices seeking high visibility and convenient access to a large patient base. The building is situated in Wake County.
Property profile
VerifiedCap rate & NOI
Current use
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Architect Engineering Consultant
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Medical Clinic
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Pediatrician Medical Clinic
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Physician
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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
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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.
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