3124 Blue Ridge RdRaleigh, NC 27612

Property Details for 3124 Blue Ridge Rd

Year built

1988

Construction

FRAME

Lot size

0.85 AC

Property size (Sq ft)

7,515 SF

Zone code

OX-3

Property type

Medical offices

Property subtype

Medical centers

APN

0785.16-83-2824 0071934

APU

785168328240071934

Description

This exceptional 1,020-square-foot medical office space is ideally situated within the vibrant Rex Hospital Complex in Raleigh, North Carolina. Located at 3124 Blue Ridge Rd, zip code 27612, this single-tenant property offers a prime location for medical professionals seeking established patient access and high visibility. The building itself is a well-maintained triplex, providing a professional and collaborative environment. The property features separate and private entryways for each tenant, ensuring patient privacy and a streamlined workflow. This particular unit is perfect for a variety of medical practices. The property benefits from ample parking, divided into convenient patient and provider parking lots, ensuring easy access for both patients and staff. The building's location within the Rex Hospital Complex provides immediate access to a large pool of potential patients and a strong referral network. The other two tenants in the triplex are established medical clinics, one specializing in retina care and the other in pediatrics, further enhancing the professional atmosphere and patient base. This is a rare opportunity to acquire a well-located, single-tenant medical office space in a thriving medical hub. The property is located in Wake County, North Carolina.

• CAP approach

  CAP return

  Valuation

  6%

  $1,821,591

  6.5%

  $1,681,468

  7%

  $1,561,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,989,382

  Geo Method

  $1,724,993

• Alternative Use

  Use

  Valuation

  Residential Income

  $2,085,021

  Hospitality / Lodging

  $1,909,868

  Institutional / Educational

  $1,588,988

  Healthcare / Senior Housing

  $1,643,636

  Retail / Commercial

  $2,471,759

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8209

Longitude

-78.7024

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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