8300 Health Park Raleigh, NC 27615
Property profile & analytics
8300 Health Park Raleigh, NC 27615
- Medical Office Space
- 191,612 SF
- 16.21 lot acres
Property ID
US53-1179899
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hyperbarics Carolina MD / Physician
- American Institute of Healthcare & Fitness (AIHF) / Medical Clinic
- Raleigh Institute for General and Aesthetic Dentistry / Dental Office
- Essential Hair Care & Wigs / Hair Salon
- Upton Gerald W DDS / Dental Office
Property Details for 8300 Health Park
- Year built
- 2005
- Lot size
- 16.21 lot acres
- Property size
- 191,612 SF
- Zone code
- OX-3
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 1708.17-11-0136 0063572
- APU
- 1708171101360063572
Description
This Class A, four-story office building, totaling 185,000 square feet, is located at 8300 Health Park, Raleigh, NC 27615, at the intersection of Health Park and Forum Rd. Built in 2005 and extensively renovated in 2023, the property sits on 16.29 acres and offers a variety of suite sizes, ranging from a minimum of 1,057 square feet to a maximum contiguous space of 18,505 square feet. Currently, 47,721 square feet is vacant. The building features three elevators and ample parking, with a ratio exceeding four spaces per 1,000 square feet. Seven second-generation medical spaces are available, previously occupied by labs, dental, orthopedic, and internal medicine practices, as well as shell space. Building amenities include an on-site café, walking trail, outdoor spaces, and a fitness facility. This North Raleigh location provides easy access to major transportation routes and is part of a thriving medical community. The property is ideal for medical practices seeking efficient, move-in ready spaces, offering a significant cost advantage compared to new construction. Multiple tenancy options are available.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $49,860,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $44,095,000
- 6.5%
- $40,705,000
- 7%
- $37,795,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $45,574,000
- AI Estimate
- $26,240,000
Market price range: $42.6M - $76.6MMarket price range: $18.6M - $53.7M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $60,425,000 Current use
- COMMERCIAL (GENERAL)
- $62,145,000 Change: +3% Conversion: Easy
- AUTO REPAIR, GARAGE
- $56,495,000 Change: -7% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6591
- Latitude
- 35.8959
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$336,764
$3,667,346
$27,228,466
$30,895,812
-
$3,667,346
$27,228,466
$30,895,812
