8300 Health ParkRaleigh, NC 27615

Property Details for 8300 Health Park

Year built

2005

Lot size

16.21 AC

Property size (Sq ft)

191,612 SF

Zone code

OX-3

Property type

Medical offices

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.

• CAP approach

  CAP return

  Valuation

  6%

  $46,445,600

  6.5%

  $42,872,860

  7%

  $39,810,512

• Comparable approach

  Method

  Valuation

  Relative Method

  $50,723,820

  Geo Method

  $43,982,620

• Alternative Use

  Use

  Valuation

  Residential

  $53,162,348

  Hospitality

  $48,696,424

  Educational

  $40,514,852

  Medical

  $41,908,220

  Retail

  $63,023,104

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8959

Longitude

-78.6591

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].