Property profile

4414 Lake Boone Trl Raleigh, NC 27607

FOR LEASE
Medical Office Space
Property ID
US53-2116891
110,050 SF Built 2004
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

Medical Plaza at Rex offers exceptional executive office space in Raleigh, NC. This five-story, Class A building, totaling 103,500 square feet, was constructed in 2005 and boasts a prime location on Rex Hospital's main campus, easily accessible via Lake Boone Trail and Blue Ridge Road. The building features two suites, with available spaces ranging from 1,852 to 4,723 contiguous square feet, and a total of 6,575 square feet currently vacant. Designed and developed by experienced medical facility professionals, the building provides a convenient, fully conditioned, covered connection to the hospital, enhancing accessibility for physicians and staff. A structured parking deck ensures ample parking for tenants and visitors. The building's location in Wake County, at 4414 Lake Boone Trail, Raleigh, NC 27607, offers excellent visibility and accessibility. This is a rare opportunity to secure high-quality office space in a thriving medical environment. The building's modern design and amenities, combined with its strategic location, make it an ideal choice for medical professionals and related businesses seeking a prestigious and convenient workspace. The minimum divisible space is 1,852 square feet.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2004
Construction CONCRETE BLOCKS
Total area 110,050 SF
Zoning code OX-12
APN 0785.16-82-6556 0401757
UPID US53-2116891

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
  • Pediatrician Medical Clinic
  • Physician
  • Medical Clinic
  • Physician
  • Physician

Location

4414 Lake Boone Trl Raleigh, NC 27607
Raleigh metro Census 52504 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$17.44M

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

OX-12 · Raleigh, NC
Zoning description

The OX-12 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

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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